Guideline Value for Ramanujam Street (Thiruvallur Nagar)

Ramanujam Street (Thiruvallur Nagar) guideline value

The current guideline value of Ramanujam Street (Thiruvallur Nagar) is Rs 2,475 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 I Type - II.

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

Over the years, the guideline value of Ramanujam Street (Thiruvallur Nagar) has seen significant changes. In 2002, the guideline value was Rs 230 per sq.ft. This figure increased to Rs 260 per sq.ft in 2003, marking a 13% rise. The value then rose to Rs 360 per sq.ft in 2007, representing a 38% increase. By 2017, the value had surged to Rs 1,507 per sq.ft, which is a remarkable 319% increase from the previous revision. The next revision in 2023 set the value at Rs 2,250 per sq.ft, showing an increase of 49%. Finally, the current value for 2024 is Rs 2,475 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there is no figure available for the year 2012 in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 976%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values for 2024 ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Ramanujam Street (Thiruvallur Nagar) above this median.

• Ramanujam Street (Thandai Periyar Nagar): Rs 1,980 per sq.ft (2024)
• Ramanujam Street (Meenakashi Nagar): Rs 1,980 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 (Thiruvallur Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value amounts to Rs 24,75,000. The stamp duty at 7% would be Rs 1,73,250, and the registration fee at 2% would be Rs 49,500, bringing the total cost for these fees to Rs 2,22,750. 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 Ramanujam Street (Thiruvallur Nagar)?

The Sub Registrar Office that covers Ramanujam Street (Thiruvallur 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 the registration process of property transactions in Pammal. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This value is set by the government and is updated periodically to reflect changes in the real estate market.

During the registration of property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government collects the appropriate fees for property transactions, contributing to local infrastructure and services.

Frequently asked questions

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

The current guideline value of Ramanujam Street (Thiruvallur Nagar) is Rs 2,475 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 230 per sq.ft in 2002 to Rs 2,475 per sq.ft in 2024, marking an overall increase of 976% over this period.

What is the median guideline value for streets in Pammal?

The median guideline value for the 926 streets in Pammal is Rs 2,090 per sq.ft, with Ramanujam Street (Thiruvallur Nagar) being above this median at Rs 2,475 per sq.ft.

What are the stamp duty and registration fees for property in Ramanujam Street (Thiruvallur Nagar)?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,73,250 and the registration fee would be Rs 49,500, totaling Rs 2,22,750.

Where is the Sub Registrar Office for Ramanujam Street (Thiruvallur Nagar)?

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