Guideline Value for Rathinam Street / Ambdekar Nagar

Rathinam Street / Ambdekar Nagar guideline value

The current guideline value of Rathinam Street / Ambdekar Nagar is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO, classified as Residential Class III Type - II.

How the guideline value of Rathinam Street / Ambdekar Nagar has changed

The guideline value for Rathinam Street / Ambdekar Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 154 per sq.ft. It increased to Rs 175 per sq.ft in 2003, marking a 14% rise. The value then rose to Rs 260 per sq.ft in 2007, which was a 49% increase from the previous revision. Following this, the 2017 revision set the value at Rs 1,072 per sq.ft, reflecting a substantial 312% increase from 2007. The next revision in 2023 brought the value to Rs 1,600 per sq.ft, a 49% rise from 2017. Finally, the 2024 revision established the current guideline value at Rs 1,760 per sq.ft, which is a 10% increase from the previous year.

It is important to note that the register has no figure for Rathinam Street / Ambdekar Nagar for the year 2012.

Guideline values in Pammal

In Pammal, there are a total of 926 streets under the Pammal SRO that carry 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, placing Rathinam Street / Ambdekar Nagar's 2024 figure below that median.

• Rasammal Street, Meenakshi Nagar: Rs 1,980 per sq.ft (2024)
• Ranjan Street, Samundeswari Nagar: Rs 1,980 per sq.ft (2024)
• Ravi Colony / Anna Nagar: Rs 2,750 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)
• Rangaswamy Street / Thiruvalluvar Nagar: Rs 2,475 per sq.ft (2024)

Stamp duty and registration fee for property in Rathinam Street / Ambdekar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, making the total fees together Rs 1,58,400. 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 Rathinam Street / Ambdekar Nagar?

The Sub Registrar Office that covers Rathinam Street / Ambdekar 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 property transactions in Pammal. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is registered accurately and legally.

It is important for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property registration. This ensures transparency and compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Rathinam Street / Ambdekar Nagar?

The current guideline value of Rathinam Street / Ambdekar Nagar is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 154 per sq.ft in 2002 to Rs 1,760 per sq.ft in 2024, reflecting an overall increase of 1043% over the years.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Rathinam Street / Ambdekar Nagar is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

What is the median guideline value for streets in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft, with Rathinam Street / Ambdekar Nagar's current value being below this median.