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Guideline Value

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Guideline Value for ANNA NAGAR MERKKU 7TH CROSS STREET

₹1320/sq.ft.

The guideline value for Anna Nagar Merkku 7th 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 7th Cross Street

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Anna Nagar Merkku 7th Cross Street guideline value

The current guideline value of Anna Nagar Merkku 7th 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. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Anna Nagar Merkku 7th Cross Street has changed

In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. This figure saw a decrease in the 2017 revision, dropping to Rs 804 per sq.ft, which is a decline of 33%. However, from 2017 to the 2024 revision, the value increased significantly to Rs 1,320 per sq.ft, marking a rise of 64%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

The register does not have figures for the years 2002, 2003, 2007, and 2023 for this street. Therefore, the only revisions with available figures are from 2012, 2017, and 2024.

Guideline values in Pallikaranai

In Pallikaranai, there are 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, with a median value of Rs 1,650 per sq.ft. The guideline value of Anna Nagar Merkku 7th Cross Street is below this median.

Stamp duty and registration fee for property in Anna Nagar Merkku 7th 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 would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, resulting in a total of Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Anna Nagar Merkku 7th Cross Street?

The Sub Registrar Office that covers Anna Nagar Merkku 7th 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, Chennai registration zone.

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 a crucial factor in property transactions in Pallikaranai. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value serves as a reference point for the transaction. It helps in assessing the legitimate value of the property, ensuring that the transaction is transparent and adheres to the legal requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value of Anna Nagar Merkku 7th Cross Street?

The current guideline value of Anna Nagar Merkku 7th 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 decline from 2012 to 2017 and a significant increase from 2017 to 2024.

What is the land classification for Anna Nagar Merkku 7th Cross Street?

The land classification for Anna Nagar Merkku 7th Cross Street is Residential Class IV Type - II.

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

The Sub Registrar Office covering Anna Nagar Merkku 7th Cross 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?

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.