Guideline Value for HEMANATHA PILLAI AVENUE RAMLINGAR STREET

Hemanatha Pillai Avenue Ramlingar Street guideline value

The current guideline value of Hemanatha Pillai Avenue Ramlingar Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Issa Pallavaram village, under the Pallavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Hemanatha Pillai Avenue Ramlingar Street has changed

The guideline value for Hemanatha Pillai Avenue Ramlingar Street has undergone several revisions over the years. In 2012, the value was Rs 3,500 per sq.ft. This figure remained the same until the 2017 revision, where it decreased by 33% to Rs 2,345 per sq.ft. The value then increased significantly by 49% in 2023 to Rs 3,500 per sq.ft, and further rose by 10% in the 2024 revision to the current rate of Rs 3,850 per sq.ft.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Issa Pallavaram

In Issa Pallavaram, there are 110 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value for Hemanatha Pillai Avenue Ramlingar Street is above this median.

• Hemanathapillai Avenue 1: Rs 4,400 per sq.ft (2024)
• Hussian Basha 1ST Cross Street: Rs 3,850 per sq.ft (2024)
• Hussian Basha 2ND Cross Street: Rs 3,850 per sq.ft (2024)
• Hussian Basha Cross Street: Rs 3,850 per sq.ft (2024)
• Hussian Basha Street: Rs 3,850 per sq.ft (2024)
• I.H.F.D. Colony: Rs 4,950 per sq.ft (2024)

Stamp duty and registration fee for property in Hemanatha Pillai Avenue Ramlingar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, totaling Rs 3,46,500. 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 more precise calculations.

Which Sub Registrar Office covers Hemanatha Pillai Avenue Ramlingar Street?

The Hemanatha Pillai Avenue Ramlingar Street is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Issa Pallavaram. It serves as a benchmark for calculating the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a fair value. This helps in maintaining transparency in property transactions and ensures that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Hemanatha Pillai Avenue Ramlingar Street?

The current guideline value of Hemanatha Pillai Avenue Ramlingar Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then increased to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,850 per sq.ft in 2024.

What are the other streets in Issa Pallavaram and their guideline values?

Other streets in Issa Pallavaram include Hemanathapillai Avenue 1 at Rs 4,400 per sq.ft, and several streets at Rs 3,850 per sq.ft, such as Hussian Basha 1ST Cross Street, Hussian Basha 2ND Cross Street, Hussian Basha Cross Street, and Hussian Basha Street.

What is the registration fee for properties in this area?

The registration fee for properties in Hemanatha Pillai Avenue Ramlingar Street is calculated based on the guideline value, which is currently Rs 3,850 per sq.ft. The fee is typically 2% of the guideline value.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the link provided to find your SRO. The office covering Hemanatha Pillai Avenue Ramlingar Street is located at Pallavaram Sub Registrar Office.