Guideline Value for Ramanujam Street

Ramanujam Street guideline value

The current guideline value of Ramanujam Street in Peerklankaranai village is Rs 1,980 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - I.

How the guideline value of Ramanujam Street has changed

The guideline value for Ramanujam Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,206 per sq.ft, marking a decline of 33%. Subsequently, the 2023 revision increased the value to Rs 1,800 per sq.ft, and the most recent 2024 revision raised it further to Rs 1,980 per sq.ft, reflecting a 10% increase.

Between the 2017 and 2023 revisions, the guideline value saw a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 4,400 per sq.ft. The median value among these streets is Rs 1,650 per sq.ft, placing Ramanujam Street's 2024 figure above this median.

• Ramalingam Street: Rs 1,650 per sq.ft (2024)
• Rajkamal Street: Rs 1,650 per sq.ft (2024)
• Rajkamal Cross Street: Rs 1,650 per sq.ft (2024)
• Rajkamal cement Road: Rs 1,650 per sq.ft (2024)
• Rajkamal 2nd Cross st: Rs 1,650 per sq.ft (2024)
• RajivGandhi St: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ramanujam Street

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, bringing the total fees together 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ramanujam Street?

Ramanujam Street is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Peerklankaranai

The guideline value plays a crucial role in property transactions in Peerklankaranai. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately and that all necessary taxes are paid based on the established guideline value.

Frequently asked questions

What is the current guideline value of Ramanujam Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification of Ramanujam Street?

Ramanujam Street is classified as Residential Class I Type - I.

What are the other streets in Peerklankaranai?

Other streets in Peerklankaranai include Ramalingam Street, Rajkamal Street, Rajkamal Cross Street, Rajkamal cement Road, Rajkamal 2nd Cross st, and RajivGandhi St, with varying guideline values.

Where can I find the Sub Registrar Office for Ramanujam Street?

The Tambaram Joint 1 Sub Registrar Office, which covers Ramanujam Street, is located at No.26, Mes Road, East Tambaram, Chennai-600059.