Guideline Value for Srimath Ramanujar Town

Srimath Ramanujar Town guideline value

The current guideline value of Srimath Ramanujar Town is Rs 1,000 per sq.ft. This area falls under Rathinamangalam village and is registered with the Gooduvancheri SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Srimath Ramanujar Town has changed

The guideline value for Srimath Ramanujar Town has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 350 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in the 2012 revision, marking a rise of 186%. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft, reflecting a drop of 33%. The most recent revision in 2023 saw the guideline value return to Rs 1,000 per sq.ft, resulting in an overall increase of 49% from the previous revision.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 186%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Rathinamangalam

Currently, there are no specific guideline values provided for other streets in Rathinamangalam under the Gooduvancheri SRO. Therefore, this information is not available.

Stamp duty and registration fee for property in Srimath Ramanujar Town

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty, charged at 7%, would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Srimath Ramanujar Town?

The Sub Registrar Office covering Srimath Ramanujar Town is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

For more information, you can find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Rathinamangalam, as it determines the amount of stamp duty and registration fees that need to be paid. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price of the property.

During the registration process, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property transactions. It is essential for buyers and sellers to understand these values to avoid any discrepancies during the registration of property.

Frequently asked questions

What is the current guideline value of Srimath Ramanujar Town?

The current guideline value of Srimath Ramanujar Town 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 from Rs 350 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 returned to Rs 1,000 per sq.ft in 2023.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000, and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which office handles property registration in Srimath Ramanujar Town?

The Gooduvancheri Sub Registrar Office handles property registration in Srimath Ramanujar Town, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202.

Are there other streets in Rathinamangalam with guideline values?

Currently, there are no specific guideline values available for other streets in Rathinamangalam under the Gooduvancheri SRO.