Guideline Value for Ramanar Street

Ramanar Street guideline value

The current guideline value of Ramanar Street is Rs 2,640 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village under the Padappai SRO, classified as Residential Class I Type - I.

How the guideline value of Ramanar Street has changed

The guideline value for Ramanar Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,400 per sq.ft, which was then reduced to Rs 1,608 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,400 per sq.ft, and the current 2024 revision has raised it further to Rs 2,640 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 49% from 2017 to 2023. The overall change from 2012 to 2024 reflects a 10% increase, highlighting the fluctuations in the guideline value over the years.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO, with guideline values for 2024 ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value is Rs 2,310 per sq.ft, placing Ramanar Street's 2024 guideline value above this median.

• Ramanujam Street: Rs 2,640 per sq.ft (2024)
• Ramaraj Avenue: Rs 2,970 per sq.ft (2024)
• Ramalinga Adikal Street: Rs 1,650 per sq.ft (2024)
• Ramadass Street: Rs 2,640 per sq.ft (2024)
• Rajiv Nagar: Rs 2,640 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 2,310 per sq.ft (2024)

Stamp duty and registration fee for property in Ramanar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,640 per sq.ft, the total guideline value would be Rs 26,40,000. The stamp duty at 7% would amount to Rs 1,84,800, and the registration fee at 2% would be Rs 52,800, bringing the total to Rs 2,37,600. Note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ramanar Street?

The Sub Registrar Office that covers Ramanar Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Perungalathur. It determines the stamp duty and registration fees that buyers and sellers must pay, ensuring that the transaction is recorded accurately in the official register.

When you buy or sell property, the guideline value helps in assessing the legal and financial obligations involved in the transaction. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ramanar Street?

The current guideline value of Ramanar Street is Rs 2,640 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,400 per sq.ft in 2012 to Rs 1,608 per sq.ft in 2017, then to Rs 2,400 per sq.ft in 2023, and finally to Rs 2,640 per sq.ft in 2024.

What is the land classification for Ramanar Street?

Ramanar Street is classified as Residential Class I Type - I under the Padappai SRO.

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

The Sub Registrar Office for Ramanar Street is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What are the stamp duty and registration fees for a property in Ramanar Street?

For a property valued at the current guideline value of Rs 26,40,000, the stamp duty would be Rs 1,84,800 and the registration fee would be Rs 52,800, totaling Rs 2,37,600.