Guideline Value for Ramanathan Street/ Ganapathy Nagar

Ramanathan Street/ Ganapathy Nagar guideline value

The current guideline value of Ramanathan Street/ Ganapathy Nagar is Rs 1,760 per sq.ft, effective from 1 July 2024. This area is located in Pammal village, under the Pammal SRO, and is classified as Residential Class III Type - II.

How the guideline value of Ramanathan Street/ Ganapathy Nagar has changed

The guideline value for Ramanathan Street/ Ganapathy Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 157 per sq.ft. It increased to Rs 178 per sq.ft in 2003, marking a change of +13%. The value then rose to Rs 260 per sq.ft in 2007, a substantial increase of +46%. Following this, the value surged to Rs 1,072 per sq.ft in 2017, reflecting an impressive growth of +312%. The 2023 revision set the value at Rs 1,600 per sq.ft, which was a +49% increase from the previous figure. The current 2024 revision shows a further rise to Rs 1,760 per sq.ft, which is a +10% increase.

It is important to note that there is no figure available for Ramanathan Street/ Ganapathy Nagar in the 2012 revision. Overall, from 2002 to 2024, the guideline value has increased by +1021%.

Guideline values in Pammal

Pammal village has 926 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 2,090 per sq.ft, indicating that Ramanathan Street/ Ganapathy Nagar's current value is below this median.

• Ramanathan Street / Gandhi Nagar: Rs 2,475 per sq.ft (2024)
• Ramanujam Street (Meenakashi Nagar): Rs 1,980 per sq.ft (2024)
• Ramanujam Street (Thandai Periyar Nagar): Rs 1,980 per sq.ft (2024)
• Ramanujam Street (Thiruvallur Nagar): Rs 2,475 per sq.ft (2024)
• Ramakrishna Street, Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Ramanuja Street, Nehru Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Ramanathan Street/ Ganapathy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total to Rs 1,58,400. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Ramanathan Street/ Ganapathy Nagar?

The Sub Registrar Office that covers Ramanathan Street/ Ganapathy 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 plays a crucial role when buying or selling property in Pammal. It is used to determine the stamp duty and registration fees applicable to the transaction. Buyers and sellers should be aware that the guideline value is often considered the baseline for these calculations.

During the registration process, the guideline value is referenced to ensure that the property is valued correctly for tax purposes. This helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Ramanathan Street/ Ganapathy Nagar?

The current guideline value of Ramanathan Street/ Ganapathy Nagar is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 157 per sq.ft in 2002 to Rs 1,760 per sq.ft in 2024, marking an overall increase of +1021%.

What is the land classification for Ramanathan Street/ Ganapathy Nagar?

Ramanathan Street/ Ganapathy Nagar is classified as Residential Class III Type - II.

Where can I find the Sub Registrar Office for Ramanathan Street/ Ganapathy Nagar?

The Sub Registrar Office for Ramanathan Street/ Ganapathy Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Pammal?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 17,60,000 would incur a stamp duty of Rs 1,23,200 at a rate of 7%.