The emergence of putative Hammett equation in mid 1930s was a boon to physical-organic chemists to elucidate the reaction mechanisms of several organic reactions. Based on the concept of this equation several hundreds of papers have emerged in chemical literature in the last century on the effect of structure, on reactivity, and very few on thermodynamic stability and kinetic reactivity of intermediates. In this article an attempt is made to explain the effect of hetero atom on Hammett’s reaction constant (ρ) taking the dissociation equilibriums of benzoic acids, dithiobenzoic acids, phenols, and thiophenols.