Guideline Value for RANI AMMAYAR STREET

Rani Ammayar Street guideline value

The current guideline value of Rani Ammayar Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class III Type - II.

How the guideline value of Rani Ammayar Street has changed

The guideline value of Rani Ammayar Street has undergone several revisions since 2002. The 2002 revision set the value at Rs 336 per sq.ft, which increased to Rs 369 per sq.ft in 2003. By 2007, the value saw a significant rise to Rs 550 per sq.ft, followed by a substantial increase to Rs 2,500 per sq.ft in 2012. However, the 2017 revision marked a decrease to Rs 1,675 per sq.ft. The most recent revision in 2024 has brought the value back up to Rs 2,700 per sq.ft.

In terms of percentage changes, from 2002 to 2003, the increase was +10%. The rise from 2003 to 2007 was +49%, followed by a remarkable +355% increase from 2007 to 2012. The value then decreased by -33% from 2012 to 2017, and finally, it increased by +61% from 2017 to 2024. The overall change from 2002 to 2024 is +704%. The register has no figure for the year 2023 for this street.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with the median value being Rs 2,700 per sq.ft. Rani Ammayar Street's 2024 guideline value is equal to this median.

• Rani Ammal Street: Rs 2,200 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 Ammayar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. Duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rani Ammayar Street?

The Sub Registrar Office that covers Rani Ammayar 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 during property transactions in Perambur, as it determines the minimum value at which a property can be registered. It helps in calculating the stamp duty and registration fees, which are mandatory for property transactions.

When buying or selling property, the guideline value ensures transparency and fairness in the registration process. It serves as a benchmark for both buyers and sellers, helping them understand the value of the property in the context of the local market.

Frequently asked questions

What is the current guideline value for Rani Ammayar Street?

The current guideline value for Rani Ammayar Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 336 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of +704% over the years.

What are the other streets with guideline values in Perambur?

Other streets in Perambur include Rani Ammal Street, Rangappan Lane, Ranganathapuram Hut Area, and several Rathina Mudali streets, with values ranging from Rs 2,200 to Rs 5,400 per sq.ft in 2024.

Where can I find the registration office for Rani Ammayar Street?

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

How is stamp duty calculated for properties in Rani Ammayar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft property at the current guideline value would incur a stamp duty of Rs 1,89,000.