Guideline Value for Ramadevi Street / Krishna Nagar

Ramadevi Street / Krishna Nagar guideline value

The current guideline value of Ramadevi Street / Krishna Nagar is Rs 2,530 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 - I.

How the guideline value of Ramadevi Street / Krishna Nagar has changed

The guideline value for Ramadevi Street / Krishna Nagar has seen significant changes over the years. In 2002, the value was Rs 222 per sq.ft, which increased to Rs 251 per sq.ft in 2003, marking a change of +13%. The value then rose to Rs 570 per sq.ft in 2007, reflecting a substantial increase of +127%. Following this, the guideline value reached Rs 2,300 per sq.ft in 2023, which was a remarkable increase of +304% from the 2007 figure. The latest revision in 2024 shows the guideline value at Rs 2,530 per sq.ft, representing a +10% increase from 2023.

It is important to note that there are no figures available for the revisions in 2012 and 2017 for this street.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as of 2024. The median guideline value in this village is Rs 2,090 per sq.ft, placing Ramadevi Street / Krishna Nagar's 2024 figure above that median.

• Ramadass Street, Gandhi Nagar Extn: Rs 2,475 per sq.ft (2024)
• Ramadass Street/ Ganapathy Nagar: Rs 1,760 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 Ramadevi Street / Krishna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value amounts to Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, resulting in a total cost of Rs 2,27,700. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ramadevi Street / Krishna Nagar?

The Sub Registrar Office covering Ramadevi Street / Krishna 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 Pammal

The guideline value is a critical factor when registering property transactions in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the property transaction process.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately in the official register, reflecting the fair value of the property. This is essential for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Ramadevi Street / Krishna Nagar?

The current guideline value of Ramadevi Street / Krishna Nagar is Rs 2,530 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 222 per sq.ft in 2002 to Rs 2,530 per sq.ft in 2024, reflecting an overall increase of +1040% over the years.

What is the median guideline value in Pammal?

The median guideline value in Pammal is Rs 2,090 per sq.ft, and Ramadevi Street / Krishna Nagar's 2024 figure is above this median.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2% of the guideline value. For a plot of 1,000 sq.ft, these fees can total Rs 2,27,700.

Which office handles the registration for Ramadevi Street / Krishna Nagar?

The Pammal Sub Registrar Office handles the registration for Ramadevi Street / Krishna Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.