Guideline Value for ANNA M.G.R NAGAR RAJUGANDHI STREET

Anna M.G.R Nagar Rajugandhi Street guideline value

The current guideline value of Anna M.G.R Nagar Rajugandhi Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Anna M.G.R Nagar Rajugandhi Street has changed

The guideline value for Anna M.G.R Nagar Rajugandhi Street has seen several revisions over the years. In 2012, the guideline value was set at Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in the 2017 revision. However, the latest 2024 revision has increased the guideline value to Rs 1,320 per sq.ft, marking a 64% increase from the 2017 figure.

From 2012 to 2017, the guideline value experienced a decline of 33%. Overall, from 2012 to 2024, there has been a slight increase of 10%. It is important to note that the register has no figures for this street for the years 2002, 2003, 2007, and 2023.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft as of 2024. The median guideline value for these streets is Rs 1,650 per sq.ft, indicating that Anna M.G.R Nagar Rajugandhi Street's 2024 figure is below the median.

• Anna M.G.R Nagar Pari Street: Rs 1,320 per sq.ft (2024)
• Anna M.G.R Nagar Indirgandhi Street: Rs 1,320 per sq.ft (2024)
• Anna M.G.R Nagar Gandhi Street: Rs 1,320 per sq.ft (2024)
• Anna Nagar: Rs 1,320 per sq.ft (2024)
• Annai Therasa Street Extn: Rs 1,650 per sq.ft (2024)
• Annai Therasa Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Anna M.G.R Nagar Rajugandhi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total cost together to Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna M.G.R Nagar Rajugandhi Street?

The Sub Registrar Office that covers Anna M.G.R Nagar Rajugandhi Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Pallikaranai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Anna M.G.R Nagar Rajugandhi Street?

The current guideline value of Anna M.G.R Nagar Rajugandhi Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, and then increased to Rs 1,320 per sq.ft in 2024. There was a decline of 33% from 2012 to 2017, followed by a 64% increase from 2017 to 2024.

What is the land classification for Anna M.G.R Nagar Rajugandhi Street?

Anna M.G.R Nagar Rajugandhi Street is classified as Residential Class IV Type - II. This classification indicates the type of development permitted in the area.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Anna M.G.R Nagar Rajugandhi Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for properties in Pallikaranai?

The stamp duty for properties in Pallikaranai is calculated based on the guideline value or the sale price, whichever is higher. The current rate for stamp duty is 7%, while the registration fee is 2% of the guideline value.