Guideline Value for Ramanujam Street (Thandai Periyar Nagar)

Ramanujam Street (Thandai Periyar Nagar) guideline value

The current guideline value of Ramanujam Street (Thandai Periyar Nagar) is Rs 1,980 per sq.ft as per the 2024 revision. This street is located in Pammal village, under the Pammal Sub Registrar Office (SRO), and is classified as Residential Class II Type - II.

How the guideline value of Ramanujam Street (Thandai Periyar Nagar) has changed

The guideline value for Ramanujam Street (Thandai Periyar Nagar) has seen significant changes over the years. In the 2002 revision, the guideline value was Rs 230 per sq.ft. This increased to Rs 260 per sq.ft in 2003, marking a 13% rise. The value further increased to Rs 360 per sq.ft in 2007, which was a 38% increase from the previous revision. The 2017 revision saw a substantial jump to Rs 1,206 per sq.ft, reflecting a 235% increase from 2007. However, there is no figure available for the 2012 revision.

In the 2023 revision, the guideline value was Rs 1,800 per sq.ft, which represented a 49% increase from 2017. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, marking a 10% increase from the previous year. Overall, from the 2002 revision to the 2024 revision, the guideline value has increased by 761%.

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 per the 2024 revision. The median guideline value in Pammal is Rs 2,090 per sq.ft, placing Ramanujam Street (Thandai Periyar Nagar) below this median value.

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

Stamp duty and registration fee for property in Ramanujam Street (Thandai Periyar Nagar)

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 be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total fees to 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.

You can use the stamp duty and registration fee calculator for more information on fees.

Which Sub Registrar Office covers Ramanujam Street (Thandai Periyar Nagar)?

The Sub Registrar Office that covers Ramanujam Street (Thandai Periyar 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 details.

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

The guideline value is a critical factor when registering property transactions in Pammal. It serves as a benchmark for determining the minimum price at which properties can be sold or bought, ensuring that the transaction is recorded at a fair value according to government regulations.

When you buy or sell property, the guideline value will influence the stamp duty and registration fees that need to be paid. This ensures that both parties are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Ramanujam Street (Thandai Periyar Nagar)?

The current guideline value of Ramanujam Street (Thandai Periyar Nagar) is Rs 1,980 per sq.ft as per the 2024 revision.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 230 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, which is an overall increase of 761%.

What is the median guideline value in Pammal?

The median guideline value in Pammal is Rs 2,090 per sq.ft, which is higher than the guideline value of Ramanujam Street (Thandai Periyar Nagar).

What are the registration fees for property in Ramanujam Street (Thandai Periyar Nagar)?

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.

Where can I find the Sub Registrar Office for Ramanujam Street (Thandai Periyar Nagar)?

The Sub Registrar Office for Ramanujam Street (Thandai Periyar Nagar) is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.