Guideline Value for Ramadass Street, Gandhi Nagar Extn

Ramadass Street, Gandhi Nagar Extn guideline value

The current guideline value of Ramadass Street, Gandhi Nagar Extn is Rs 2,475 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class I Type - II.

How the guideline value of Ramadass Street, Gandhi Nagar Extn has changed

The guideline value for Ramadass Street has seen several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 2,250 per sq.ft, while the most recent 2024 revision increased this to Rs 2,475 per sq.ft, marking a change of +10%.

Prior to the 2023 revision, there were no recorded figures for the street in the previous years mentioned. The current value of Rs 2,475 per sq.ft reflects a significant increase compared to the previous revision.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO with 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, placing Ramadass Street's 2024 figure above this median.

• Ramadass Street/ Ganapathy Nagar: Rs 1,760 per sq.ft (2024)
• Ramadevi Street / Krishna Nagar: Rs 2,530 per sq.ft (2024)
• Ramadoss Street, Gandhi Nagar: Rs 2,475 per sq.ft (2024)
• Ramakrishna Iyer Street: Rs 1,980 per sq.ft (2024)
• Raj Street: Rs 1,760 per sq.ft (2024)
• Ramakrishnan Street / Gokulum Colony: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Ramadass Street, Gandhi Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value amounts to Rs 24,75,000. The stamp duty at 7% would be Rs 1,73,250, and the registration fee at 2% would be Rs 49,500, bringing the total fees to Rs 2,22,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For additional calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ramadass Street, Gandhi Nagar Extn?

The Sub Registrar Office that covers Ramadass Street, Gandhi Nagar Extn 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 property transactions in Pammal. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration. This ensures that the government receives the appropriate revenue based on the property's assessed value.

During the registration process, the buyer must provide the guideline value or the sale price, whichever is higher, to calculate the applicable fees. This process helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Ramadass Street, Gandhi Nagar Extn?

The current guideline value of Ramadass Street, Gandhi Nagar Extn is Rs 2,475 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,250 per sq.ft in 2023 to Rs 2,475 per sq.ft in 2024, reflecting a change of +10%. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the classification of land on Ramadass Street?

Ramadass Street is classified as Residential Class I Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in Ramadass Street?

For a property valued at Rs 24,75,000, the stamp duty would be Rs 1,73,250 and the registration fee would be Rs 49,500, totaling Rs 2,22,750. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for Ramadass Street?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. This office handles all registrations for properties in the area.