Guideline Value for Sri Ramkumar Nagar

Sri Ramkumar Nagar guideline value

The current guideline value of Sri Ramkumar Nagar is Rs 1,000 per sq.ft, as per the 2023 revision. This area is located in Ponmar village and falls under the Gooduvancheri SRO. The land classification for this locality is Residential Special Type - II.

How the guideline value of Sri Ramkumar Nagar has changed

Over the years, the guideline value of Sri Ramkumar Nagar has seen several revisions. In 2007, the guideline value was Rs 100 per sq.ft, which significantly increased to Rs 1,000 per sq.ft in 2012, marking a remarkable rise of 900%. However, from 2012 to 2017, the value decreased to Rs 670 per sq.ft, a drop of 33%. The most recent revision in 2023 restored the guideline value to Rs 1,000 per sq.ft, reflecting an increase of 49% from the 2017 figure.

For the years 2003, 2002, and 2024, the guideline value register has no figure for this street. Overall, from 2007 to 2023, the guideline value has increased by 900%.

Guideline values in Ponmar

Currently, there are no specific guideline value figures provided for other streets in Ponmar. Sri Ramkumar Nagar is the only street mentioned in this context.

Stamp duty and registration fee for property in Sri Ramkumar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Ramkumar Nagar?

The Sub Registrar Office that covers Sri Ramkumar Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Ponmar

The guideline value is a crucial factor when registering property transactions in Ponmar. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a buyer or seller approaches the registration office, the guideline value is assessed to calculate the applicable fees. It is important to note that the duty is charged based on the higher of the guideline value or the sale price, ensuring that the appropriate taxes are collected.

Frequently asked questions

What is the current guideline value of Sri Ramkumar Nagar?

The current guideline value of Sri Ramkumar Nagar is Rs 1,000 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 100 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and finally restored to Rs 1,000 per sq.ft in 2023.

What is the stamp duty rate for properties in Sri Ramkumar Nagar?

The stamp duty rate for properties in Sri Ramkumar Nagar is 7% of the guideline value or sale price, whichever is higher.

What is the registration fee for properties in this area?

The registration fee for properties in Sri Ramkumar Nagar is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sri Ramkumar Nagar?

The Sub Registrar Office for Sri Ramkumar Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.