Guideline Value for Ranjan Street, Samundeswari Nagar

Ranjan Street, Samundeswari Nagar guideline value

The current guideline value of Ranjan Street, Samundeswari Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Ranjan Street, Samundeswari Nagar has changed

The guideline value for Ranjan Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,206 per sq.ft. This was followed by a significant increase in the 2023 revision, which raised the value to Rs 1,800 per sq.ft, marking a 49% increase from the previous figure. The most recent 2024 revision has further increased the guideline value to Rs 1,980 per sq.ft, reflecting a 10% rise from 2023. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. This consistent rise highlights the changes in property valuation over the years.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that have a 2024 guideline value 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, positioning Ranjan Street's 2024 figure below this median.

• Rasammal Street, Meenakshi Nagar: Rs 1,980 per sq.ft (2024)
• Rani Anna Street, Sivasankaran Nagar: Rs 1,980 per sq.ft (2024)
• Rani Anna Street: Rs 1,980 per sq.ft (2024)
• Rathinam Street / Ambdekar Nagar: Rs 1,760 per sq.ft (2024)
• Rangaswamy Street / Thiruvalluvar Nagar: Rs 2,475 per sq.ft (2024)
• Rangaswamy Street / Thirunagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Ranjan Street, Samundeswari 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 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ranjan Street, Samundeswari Nagar?

The Sub Registrar Office that covers Ranjan Street, Samundeswari Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, within 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 is a crucial factor in the registration process when buying or selling property in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers should be aware that the guideline value can influence the overall costs associated with property transactions.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Ranjan Street, Samundeswari Nagar?

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

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 64% overall, with a rise from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Ranjan Street?

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.

Which Sub Registrar Office covers Ranjan Street?

The Pammal Sub Registrar Office covers Ranjan Street, Samundeswari Nagar, and is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Ranjan Street?

The land classification for Ranjan Street, Samundeswari Nagar is Residential Class II Type - II, indicating its designated use for residential purposes.