Guideline Value for Ramanuja Street, Nehru Nagar

Ramanuja Street, Nehru Nagar guideline value

The current guideline value of Ramanuja Street, Nehru Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. 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 Ramanuja Street, Nehru Nagar has changed

The guideline value for Ramanuja Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,206 per sq.ft, which increased to Rs 1,800 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register 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 as of 2024. The median guideline value in Pammal is Rs 2,090 per sq.ft, placing Ramanuja Street's 2024 figure below this median.

• Ramanujam Street (Thiruvallur Nagar): Rs 2,475 per sq.ft (2024)
• Ramanujam Street (Thandai Periyar Nagar): Rs 1,980 per sq.ft (2024)
• Ramanujam Street (Meenakashi Nagar): Rs 1,980 per sq.ft (2024)
• Ramanathan Street / Gandhi Nagar: Rs 2,475 per sq.ft (2024)
• Ramanathan Street/ Ganapathy Nagar: Rs 1,760 per sq.ft (2024)
• Ramzan Street / Samundeswari Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Ramanuja Street, Nehru Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, leading to a total cost of Rs 1,78,200. It is important to note that stamp duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ramanuja Street, Nehru Nagar?

The Sub Registrar Office covering Ramanuja Street, Nehru 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

The guideline value plays a crucial role in property transactions in Pammal. It is used to determine the stamp duty and registration fees applicable when buying or selling property. This value is set by the Registration Department and is updated periodically to reflect market conditions.

When registering a property, buyers must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ramanuja Street, Nehru Nagar?

The current guideline value of Ramanuja Street, Nehru Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

The guideline value has increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the stamp duty and registration fees for properties on Ramanuja Street?

For a property valued at 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.

Which Sub Registrar Office should I contact for transactions on Ramanuja Street?

The Pammal Sub Registrar Office is responsible for transactions on Ramanuja Street, Nehru Nagar. The office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Ramanuja Street, Nehru Nagar?

Ramanuja Street is classified as Residential Class II Type - II, indicating its use for residential purposes within the local area.