Guideline Value for RANI AMMAL STREET

Rani Ammal Street guideline value

The current guideline value of Rani Ammal Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO and falls under the Residential Class IV Type - I land classification.

How the guideline value of Rani Ammal Street has changed

Over the years, the guideline value of Rani Ammal Street has seen significant changes. Starting from Rs 353 per sq.ft in 2002, it rose to Rs 387 per sq.ft in 2003, marking a 10% increase. The value then increased to Rs 550 per sq.ft in 2007, a substantial rise of 42%. Following that, the guideline value jumped to Rs 2,000 per sq.ft in 2012, reflecting a remarkable increase of 264%. The value remained unchanged at Rs 2,000 per sq.ft until 2023, when it was revised to Rs 2,200 per sq.ft, a 10% increase. The register has no figure for this street in 2017.

Overall, from 2002 to 2024, the guideline value has increased by 523%, reaching the current rate of Rs 2,200 per sq.ft. This reflects the changes in the real estate landscape in the area over the years.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value in this area is Rs 2,700 per sq.ft, placing Rani Ammal Street's 2024 figure below this median.

• Rani Ammayar Street: Rs 2,700 per sq.ft (2024)
• Rangappan Lane: Rs 2,200 per sq.ft (2024)
• Ranganathapuram Hut Area: Rs 2,200 per sq.ft (2024)
• Rathina Mudali 1st Street: Rs 5,400 per sq.ft (2024)
• Rathina Mudali 2nd Street: Rs 5,400 per sq.ft (2024)
• Rathina Mudali Main Street: Rs 5,400 per sq.ft (2024)

Stamp duty and registration fee for property in Rani Ammal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rani Ammal Street?

The Sub Registrar Office that covers Rani Ammal Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price. The stamp duty and registration fees are calculated based on the higher of the two values, ensuring compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Rani Ammal Street?

The current guideline value of Rani Ammal Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 353 per sq.ft to Rs 2,200 per sq.ft in 2024, marking an overall increase of 523% over the years.

What is the land classification for Rani Ammal Street?

Rani Ammal Street is classified as Residential Class IV Type - I, indicating its use for residential purposes.

Where can I find the Sub Registrar Office for Rani Ammal Street?

The Sub Registrar Office for Rani Ammal Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for property in Rani Ammal Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 22,00,000, the stamp duty at 7% would be Rs 1,54,000.