Guideline Value for Ram Street, Shanmuga Nagar

Ram Street, Shanmuga Nagar guideline value

The current guideline value of Ram Street, Shanmuga Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village under the Pammal SRO, and it falls under the Residential Class I Type - II land classification.

How the guideline value of Ram Street, Shanmuga Nagar has changed

The guideline value for Ram Street has seen several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision. The most recent 2024 revision has raised the value to Rs 1,320 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value is Rs 1,320 per sq.ft, which is the same as the guideline value for Ram Street.

• Ram Street: Rs 1,100 per sq.ft (2024)
• Ramanthan Nagar Salai 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Ramanthan Nagar Salai: Rs 2,200 per sq.ft (2024)
• Ramanathan Nagar 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Ramanathan Nagar: Rs 2,200 per sq.ft (2024)
• Ramachandrapillai Avenue: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Ram Street, Shanmuga Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. Duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ram Street, Shanmuga Nagar?

The Sub Registrar Office that covers Ram Street, Shanmuga Nagar 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 Pozhichalur

The guideline value is a crucial factor in property transactions in Pozhichalur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in establishing a baseline for negotiations. Buyers should be aware that the registration office will assess the property based on this value, and the applicable fees will be calculated accordingly.

Frequently asked questions

What is the current guideline value of Ram Street, Shanmuga Nagar?

The current guideline value of Ram Street, Shanmuga Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, showing an overall increase of 64% across these years.

What are the other streets in Pozhichalur with their guideline values?

Other streets in Pozhichalur include Ram Street at Rs 1,100 per sq.ft, and several streets in Ramanthan Nagar at Rs 2,200 per sq.ft, while Ramachandrapillai Avenue matches Ram Street's guideline value at Rs 1,320 per sq.ft.

What is the registration fee for property transactions?

The registration fee for property transactions is calculated at 2% of the guideline value. For example, for a property valued at Rs 13,20,000, the registration fee would be Rs 26,400.

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

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