Guideline Value for RAMANUJAN STREET

Ramanujan Street guideline value

The current guideline value of Ramanujan Street is Rs 13,200 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village, under the Thiyagaraya nagar SRO, and is classified as Mixed Special Type - II.

How the guideline value of Ramanujan Street has changed

The guideline value for Ramanujan Street has experienced several revisions over the years. Starting from the 2002 revision, the value was Rs 1,136 per sq.ft. This increased to Rs 1,261 per sq.ft in 2003, marking an 11% rise. The value saw a significant jump to Rs 2,000 per sq.ft in 2007, representing a 59% increase. The 2012 revision recorded a value of Rs 12,000 per sq.ft, indicating a substantial 500% increase from the previous revision.

In the following years, the value changed again, dropping to Rs 8,040 per sq.ft in 2017, which was a decrease of 33%. The 2023 revision brought the value back up to Rs 12,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 13,200 per sq.ft, reflecting a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 1062%.

Guideline values in Tnagar

Tnagar village has a total of 262 streets under the Thiyagaraya nagar SRO, with guideline values for 2024 ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median value for these streets is Rs 11,000 per sq.ft, placing Ramanujan Street's 2024 figure above this median.

• Rama Rao Street: Rs 13,200 per sq.ft (2024)
• Raman Street: Rs 14,300 per sq.ft (2024)
• Ramanathan Street: Rs 13,200 per sq.ft (2024)
• Ramasamy Street: Rs 14,300 per sq.ft (2024)
• Rameshwaram Road: Rs 17,600 per sq.ft (2024)
• Ramakrishna Street (Other Than D.No.1 Kences Towers Residencial Complex): Rs 27,500 per sq.ft (2024)

Stamp duty and registration fee for property in Ramanujan Street

For a 1,000 sq.ft plot at the current rate of Rs 13,200 per sq.ft, the guideline value would be Rs 1,32,00,000. The stamp duty at 7% would amount to Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, bringing the total to Rs 11,88,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ramanujan Street?

The Sub Registrar Office that covers Ramanujan Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property transactions in Tnagar. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values for different streets.

Frequently asked questions

What is the current guideline value of Ramanujan Street?

The current guideline value of Ramanujan Street is Rs 13,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 1,136 per sq.ft in 2002 to Rs 13,200 per sq.ft in 2024, which is an overall increase of 1062%.

What is the land classification of Ramanujan Street?

Ramanujan Street is classified as Mixed Special Type - II under the guideline value register.

What are the stamp duty and registration fees for properties on Ramanujan Street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 11,88,000, based on the current guideline value.

Which registration office covers Ramanujan Street?

The registration office that covers Ramanujan Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.