Guideline Value for Ranganthan Street, Pasumpon Nagar

Ranganthan Street, Pasumpon Nagar guideline value

The current guideline value of Ranganthan Street in Pasumpon Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This street falls under the Pammal Sub Registrar Office (SRO) and is classified as Residential Class II Type - II.

How the guideline value of Ranganthan Street, Pasumpon Nagar has changed

The guideline value for Ranganthan 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. The latest revision in 2024 has brought the guideline value to Rs 1,980 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, 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. The significant changes between the revisions include a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO with a 2024 guideline value range from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, making the 2024 figure for Ranganthan Street below this median.

• Rangan Street: Rs 1,760 per sq.ft (2024)
• Rangaswamy Street / Thirunagar: Rs 1,980 per sq.ft (2024)
• Rangaswamy Street / Thiruvalluvar Nagar: Rs 2,475 per sq.ft (2024)
• Ranganathapuram: Rs 1,870 per sq.ft (2024)
• Rani Anna Street: Rs 1,980 per sq.ft (2024)
• Rani Anna Street, Sivasankaran Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Ranganthan Street, Pasumpon 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, bringing the total cost for these fees to Rs 1,78,200. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ranganthan Street, Pasumpon Nagar?

The Ranganthan Street in Pasumpon Nagar is covered by 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 during property transactions in Pammal. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when a property is bought or sold. The fees are calculated based on the guideline value or the actual sale price, whichever is higher.

When engaging in a property transaction, it is essential to be aware of the guideline value as it impacts the overall cost of registration. Buyers and sellers should ensure that they are informed about the current guideline values to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Ranganthan Street?

The current guideline value of Ranganthan Street, Pasumpon Nagar 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 increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, representing an overall increase of 64% over this period.

What is the land classification for Ranganthan Street?

Ranganthan Street is classified as Residential Class II Type - II according to the guideline value register.

Where can I find the registration office for Ranganthan Street?

The registration office covering Ranganthan Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties in Pammal?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 at a rate of 7%.