Guideline Value for jayalalitha Street (Ramapuram)

jayalalitha Street (Ramapuram) guideline value

The current guideline value of jayalalitha Street (Ramapuram) is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village under the Ambattur SRO, classified as Residential Class I Type - I.

How the guideline value of jayalalitha Street (Ramapuram) has changed

The guideline value for jayalalitha Street (Ramapuram) has undergone several revisions over the years. The 2012 revision set the value at Rs 3,300 per sq.ft, which was then reduced to Rs 2,211 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,300 per sq.ft in the 2023 revision, and finally, it reached Rs 3,600 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft, with the median value being Rs 3,600 per sq.ft. The guideline value of jayalalitha Street (Ramapuram) aligns with this median.

• Jayalakshmi Street: Rs 3,600 per sq.ft (2024)
• Jayaram Nagar: Rs 1,600 per sq.ft (2024)
• Jawagar Street: Rs 4,600 per sq.ft (2024)
• Jeevarathnam Street: Rs 3,600 per sq.ft (2024)
• Industrial Estate (North Phase): Rs 5,400 per sq.ft (2024)
• Industrial Estate 3rd Main Road: Rs 5,400 per sq.ft (2024)

Stamp duty and registration fee for property in jayalalitha Street (Ramapuram)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value amounts to Rs 36,00,000. The stamp duty at 7% would be Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, bringing the total fees to Rs 3,24,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers jayalalitha Street (Ramapuram)?

The Sub Registrar Office that covers jayalalitha Street (Ramapuram) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Ambattur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is considered alongside the sale price. If the sale price is higher than the guideline value, the stamp duty will be calculated on the sale price instead. This ensures that transactions are conducted transparently and fairly.

Frequently asked questions

What is the current guideline value of jayalalitha Street (Ramapuram)?

The current guideline value of jayalalitha Street (Ramapuram) is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,300 per sq.ft in 2023 to Rs 3,600 per sq.ft in 2024. It was Rs 2,211 per sq.ft in 2017 and Rs 3,300 per sq.ft in 2012.

What is the land classification for jayalalitha Street (Ramapuram)?

jayalalitha Street (Ramapuram) is classified as Residential Class I Type - I.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft property at the current guideline value would incur a total fee of Rs 3,24,000.

Which office handles registrations for jayalalitha Street (Ramapuram)?

The Ambattur Sub Registrar Office handles registrations for jayalalitha Street (Ramapuram), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.