Guideline Value for Ramadoss Street, Gandhi Nagar

Ramadoss Street, Gandhi Nagar guideline value

The current guideline value of Ramadoss Street, Gandhi Nagar is Rs 2,475 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Ramadoss Street, Gandhi Nagar has changed

The guideline value for Ramadoss Street, Gandhi Nagar has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,475 per sq.ft, which is an increase of 10% from the previous year's figure of Rs 2,250 per sq.ft established in 2023. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline value increased from Rs 2,250 per sq.ft in 2023 to Rs 2,475 per sq.ft in 2024. This reflects a significant adjustment in the valuation of properties on Ramadoss Street, Gandhi Nagar.

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 across these streets is Rs 2,090 per sq.ft, placing Ramadoss Street, Gandhi Nagar above this median value.

• Ramadevi Street / Krishna Nagar: Rs 2,530 per sq.ft (2024)
• Ramadass Street, Gandhi Nagar Extn: Rs 2,475 per sq.ft (2024)
• Ramadass Street/ Ganapathy Nagar: Rs 1,760 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 Ramadoss Street, Gandhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value would be Rs 24,75,000. The stamp duty at 7% would amount to Rs 1,73,250, while the registration fee at 2% would be Rs 49,500. Together, the total cost for these fees would be Rs 2,22,750. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ramadoss Street, Gandhi Nagar?

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

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

When buying or selling property in Pammal, the guideline value plays a crucial role in determining the registration fees and stamp duty payable. The guideline value is established by the Registration Department and is used as a benchmark for property transactions.

During the registration process, the buyer must pay stamp duty and registration fees based on the higher of the guideline value or the actual sale price of the property. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value for Ramadoss Street, Gandhi Nagar has changed from Rs 2,250 per sq.ft in 2023 to Rs 2,475 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Pammal?

The median guideline value across the 926 streets in Pammal under the Pammal SRO is Rs 2,090 per sq.ft. Ramadoss Street, Gandhi Nagar's guideline value is above this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at 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, totaling Rs 2,22,750. These fees are based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Ramadoss Street, Gandhi Nagar?

The Sub Registrar Office covering Ramadoss Street, Gandhi Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. This office is part of the Chengalpattu registration zone.