Guideline Value for Rajamani Street

Rajamani Street guideline value

The current guideline value of Rajamani Street in Pammal village, under the Pammal SRO, is Rs 1,760 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - II land classification.

How the guideline value of Rajamani Street has changed

The guideline value of Rajamani Street has seen significant changes over the years. In 2002, the value was Rs 143 per sq.ft, which increased to Rs 162 per sq.ft in 2003, marking a rise of 13%. The value continued to climb, reaching Rs 260 per sq.ft in 2007, reflecting a 60% increase from the previous revision. By 2017, the guideline value surged to Rs 1,072 per sq.ft, which was a remarkable 312% increase from 2007. The most recent revision in 2024 set the value at Rs 1,760 per sq.ft, representing a 64% increase from 2017.

It is important to note that there are no figures available for Rajamani Street in the 2012 and 2023 revisions. Overall, from 2002 to 2024, the guideline value has increased by 1131%.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, which means Rajamani Street's 2024 figure is below that median.

• Rajamanickam Street / Meenakshi Nagar: Rs 1,760 per sq.ft (2024)
• Rajamanickam Street, Indira Nagar: Rs 1,980 per sq.ft (2024)
• Rajalingam Street, V.O.C Nagar: Rs 2,750 per sq.ft (2024)
• Rajalingam Street: Rs 1,760 per sq.ft (2024)
• Rajalakshmi Street / VOC Nagar: Rs 2,750 per sq.ft (2024)
• Rajangam Street / Shivashankaran Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Rajamani Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total fees together to Rs 1,58,400. It is essential 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 Rajamani Street?

The Sub Registrar Office that covers Rajamani Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pammal. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on an official valuation rather than the sale price alone.

When a property is registered, the guideline value is considered to ensure transparency and fairness in the transaction. It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Rajamani Street?

The current guideline value of Rajamani Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 143 per sq.ft in 2002 to Rs 1,760 per sq.ft in 2024, representing an overall increase of 1131%.

What is the land classification for Rajamani Street?

Rajamani Street is classified as Residential Class III Type - II.

Where can I find the Sub Registrar Office for Rajamani Street?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

What are the stamp duty and registration fees for a property on Rajamani Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400.