Guideline Value for Ramanathan Street

Ramanathan Street guideline value

The current guideline value of Ramanathan Street is Rs 4,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village under the Ambattur SRO, classified as Mixed Type - I.

How the guideline value of Ramanathan Street has changed

The guideline value for Ramanathan Street has undergone several revisions over the years. In 2012, the value was set at Rs 4,200 per sq.ft. This figure decreased to Rs 2,814 per sq.ft in 2017. The subsequent revision in 2023 raised the value to Rs 4,200 per sq.ft, and the most recent revision in 2024 increased it further to Rs 4,600 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

Between the revisions, the changes were notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. The overall change from 2012 to 2024 shows an increase of 10% from the 2012 figure.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a guideline value for 2024, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value in this area is Rs 3,600 per sq.ft, positioning Ramanathan Street's 2024 figure above that median.

• Raman Street (Ramapuram): Rs 3,600 per sq.ft (2024)
• Ramamoorthy muthaliar Street (Ramapuram): Rs 3,600 per sq.ft (2024)
• Ramapuram kannagi Street: Rs 3,600 per sq.ft (2024)
• Ramapuram Kumaran Street: Rs 3,600 per sq.ft (2024)
• Ramar Kovil Street (Ramapuram): Rs 3,600 per sq.ft (2024)
• Ram Barathi Street: Rs 4,600 per sq.ft (2024)

Stamp duty and registration fee for property in Ramanathan Street

For a 1,000 sq.ft plot at the current rate of Rs 4,600 per sq.ft, the guideline value amounts to Rs 46,00,000. The stamp duty, charged at 7%, would be Rs 3,22,000, while the registration fee at 2% would be Rs 92,000, totaling Rs 4,14,000. 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 Ramanathan Street?

The Sub Registrar Office that covers Ramanathan Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of the transaction.

When a property is registered, the higher value between the guideline value and the sale price is used to calculate the applicable duties and fees. This ensures that the registration reflects the accurate financial value of the property being transferred.

Frequently asked questions

What is the current guideline value of Ramanathan Street?

The current guideline value of Ramanathan Street is Rs 4,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,200 per sq.ft in 2012 to Rs 2,814 per sq.ft in 2017, then back to Rs 4,200 per sq.ft in 2023, and finally to Rs 4,600 per sq.ft in 2024.

What is the land classification of Ramanathan Street?

Ramanathan Street is classified as Mixed Type - I under the land classification system.

What is the median guideline value in Ambattur?

The median guideline value in Ambattur is Rs 3,600 per sq.ft, with Ramanathan Street's value being above this median.

Where is the Ambattur Sub Registrar Office located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.