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Guideline Value

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Guideline Value for ANNA NAGAR MERKKU 6TH CROSS STREET

₹1320/sq.ft.

The guideline value for Anna Nagar Merkku 6th Cross Street in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1320 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Anna Nagar Merkku 6th Cross Street

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Anna Nagar Merkku 6th Cross Street guideline value

The current guideline value of Anna Nagar Merkku 6th Cross 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 with a land classification of Residential Class IV Type - II.

How the guideline value of Anna Nagar Merkku 6th Cross Street has changed

The guideline value for Anna Nagar Merkku 6th Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. However, the most recent 2024 revision has increased the guideline value to Rs 1,320 per sq.ft, marking a significant increase of 64% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%.

For the years 2002, 2003, 2007, and 2023, the register has no figure for this street. The fluctuations in the guideline value reflect changes in the local property market and regulations.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, indicating that the guideline value for Anna Nagar Merkku 6th Cross Street is below this median.

Stamp duty and registration fee for property in Anna Nagar Merkku 6th Cross 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 to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Anna Nagar Merkku 6th Cross Street?

The Sub Registrar Office that covers Anna Nagar Merkku 6th Cross 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 plays a crucial role in property transactions in Pallikaranai. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers use this value to ensure that the sale price reflects the current market conditions and complies with local regulations.

When registering a property, the guideline value is essential for calculating the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications associated with the transaction.

Frequently asked questions

What is the current guideline value of Anna Nagar Merkku 6th Cross Street?

The current guideline value of Anna Nagar Merkku 6th Cross 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. This reflects a 64% increase from 2017 to 2024.

What is the land classification for Anna Nagar Merkku 6th Cross Street?

Anna Nagar Merkku 6th Cross 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 street?

The Sub Registrar Office for Anna Nagar Merkku 6th Cross 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.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 13,20,000, the stamp duty at 7% would be Rs 92,400.