Guideline Value for Ramakrishna Iyer Street

Ramakrishna Iyer Street guideline value

The current guideline value of Ramakrishna Iyer Street is Rs 1,980 per sq.ft. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Ramakrishna Iyer Street has changed

The guideline value for Ramakrishna Iyer Street has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 1,800 per sq.ft, which was then increased by 10% to Rs 1,980 per sq.ft in the 2024 revision.

This change reflects the most recent adjustment effective from 1 July 2024. The increase from the 2023 to the 2024 revision is a notable change, indicating a shift in the guideline value 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. The median guideline value for these streets is Rs 2,090 per sq.ft, making the 2024 figure for Ramakrishna Iyer Street below that median.

• Ramadoss Street, Gandhi Nagar: Rs 2,475 per sq.ft (2024)
• 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)
• Ramakrishnan Street / Gokulum Colony: Rs 2,750 per sq.ft (2024)
• Ramakrishna Street, Pasumpon Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Ramakrishna Iyer Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600. Together, these fees would total Rs 1,78,200. It is important 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 Ramakrishna Iyer Street?

The Sub Registrar Office that covers Ramakrishna Iyer Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, within 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

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 applicable to the property transaction.

When a property is registered, the guideline value is used to calculate the necessary fees, ensuring that the transaction is compliant with local regulations. Buyers and sellers should be aware of these values to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Ramakrishna Iyer Street?

The current guideline value of Ramakrishna Iyer Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ramakrishna Iyer Street was Rs 1,800 per sq.ft in 2023 and increased by 10% to Rs 1,980 per sq.ft in the 2024 revision. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value for streets in Pammal?

The median guideline value for the 926 streets in Pammal is Rs 2,090 per sq.ft. Ramakrishna Iyer Street's 2024 figure is below this median.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 19,80,000. The stamp duty would be Rs 1,38,600, and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Where is the Sub Registrar Office for Ramakrishna Iyer Street located?

The Sub Registrar Office for Ramakrishna Iyer Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.