Guideline Value for Ramanujam Street

Ramanujam Street guideline value

The current guideline value of Ramanujam Street is Rs 2,640 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village, under the Padappai SRO, classified as Residential Class I Type - I.

How the guideline value of Ramanujam Street has changed

The guideline value for Ramanujam Street has seen significant changes over the years. The earliest recorded revision was in 2007, where the value was Rs 300 per sq.ft. This increased to Rs 2,400 per sq.ft in 2012, marking a substantial rise of 700%. However, it then decreased to Rs 1,608 per sq.ft in 2017, a drop of 33%. The value further increased to Rs 2,400 per sq.ft in 2023, followed by a rise to Rs 2,640 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no recorded figures for Ramanujam Street in the revisions of 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 780%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value is Rs 2,310 per sq.ft, placing Ramanujam Street's 2024 figure above this median.

• Ramaraj Avenue: Rs 2,970 per sq.ft (2024)
• Ramanar Street: Rs 2,640 per sq.ft (2024)
• Ramalinga Adikal Street: Rs 1,650 per sq.ft (2024)
• Ramadass Street: Rs 2,640 per sq.ft (2024)
• Rajiv Nagar: Rs 2,640 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 2,310 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 2,640 per sq.ft, the total guideline value amounts to Rs 26,40,000. The stamp duty at 7% would be Rs 1,84,800, while the registration fee at 2% would be Rs 52,800. Together, these fees would total Rs 2,37,600. It is important to note that 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 further assistance.

Which Sub Registrar Office covers Ramanujam Street?

The Sub Registrar Office that covers Ramanujam Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of property transactions in Perungalathur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that must be paid during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of property transactions. Accurate knowledge of these values ensures compliance with legal requirements and helps in the smooth execution of property deals.

Frequently asked questions

What is the current guideline value of Ramanujam Street?

The current guideline value of Ramanujam Street is Rs 2,640 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 2,640 per sq.ft in 2024, reflecting an overall increase of 780% over the years.

What is the registration office for Ramanujam Street?

The registration office for Ramanujam Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What are the stamp duty rates for properties in Ramanujam Street?

The stamp duty for properties in Ramanujam Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Are there other streets in Perungalathur with similar guideline values?

Yes, there are several other streets in Perungalathur with varying guideline values. For example, Ramaraj Avenue has a guideline value of Rs 2,970 per sq.ft, while Ramadass Street and Rajiv Nagar both share a value of Rs 2,640 per sq.ft.