Guideline Value for East Ramanathan Salai

East Ramanathan Salai guideline value

The current guideline value of East Ramanathan Salai is Rs 13,500 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet Sub Registrar Office (SRO). The land classification for this area is Commercial Special Type - III.

How the guideline value of East Ramanathan Salai has changed

The guideline value register for East Ramanathan Salai does not have figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which sets the guideline value at Rs 13,500 per sq.ft.

Prior to the 2024 revision, there were no recorded figures for this street in the guideline value register. Therefore, the current figure represents a new valuation for East Ramanathan Salai.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft, with a median value of Rs 7,100 per sq.ft. East Ramanathan Salai's 2024 figure of Rs 13,500 per sq.ft is above this median.

• Egappan Lane: Rs 7,100 per sq.ft (2024)
• Egmore High Road: Rs 18,100 per sq.ft (2024)
• Dr. T.V.Naidu Street: Rs 13,400 per sq.ft (2024)
• Dr.Sukkur Street: Rs 3,900 per sq.ft (2024)
• Dr.Santhosam Salai: Rs 8,300 per sq.ft (2024)
• Dr.Santhosam Nagar: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in East Ramanathan Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 13,500 per sq.ft, the total guideline value amounts to Rs 1,35,00,000. The stamp duty at 7% would be Rs 9,45,000, and the registration fee at 2% would be Rs 2,70,000, totaling Rs 12,15,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for accurate calculations based on your property details.

Which Sub Registrar Office covers East Ramanathan Salai?

The Sub Registrar Office that covers East Ramanathan Salai is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Egmore. It serves as a benchmark for determining the stamp duty and registration fees applicable on the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of East Ramanathan Salai?

The current guideline value of East Ramanathan Salai is Rs 13,500 per sq.ft, effective from 1 July 2024.

What is the land classification for East Ramanathan Salai?

East Ramanathan Salai is classified as Commercial Special Type - III under the land classification system.

How has the guideline value changed over the years?

The guideline value register does not have figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 established a guideline value of Rs 13,500 per sq.ft for this street.

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

For a property valued at Rs 1,35,00,000, the stamp duty would be Rs 9,45,000 and the registration fee would be Rs 2,70,000, totaling Rs 12,15,000. The duty is calculated based on the higher of the guideline value or the sale price.

Which office handles property registrations for East Ramanathan Salai?

The Periamet Sub Registrar Office handles property registrations for East Ramanathan Salai, located at 1103, Poonamallee High Road, Chennai-600 003.