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Guideline Value

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Guideline Value for ANNA NAGAR MERKKU 8TH CROSS STREET

₹1320/sq.ft.

The guideline value for Anna Nagar Merkku 8th 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 8th Cross Street

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Anna Nagar Merkku 8th Cross Street guideline value

The current guideline value of Anna Nagar Merkku 8th 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 8th Cross Street has changed

Over the years, the guideline value for Anna Nagar Merkku 8th Cross Street has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017. This marked a decline of 33%. However, from 2017 to the upcoming 2024 revision, the value has increased significantly to Rs 1,320 per sq.ft, reflecting a rise of 64%.

Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%. It is important to note that the register has no figures for the revisions in 2023, 2007, 2003, and 2002 for this street.

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. The median guideline value in this area is Rs 1,650 per sq.ft, placing Anna Nagar Merkku 8th Cross Street's value below that median.

Stamp duty and registration fee for property in Anna Nagar Merkku 8th 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, making the total fees 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Nagar Merkku 8th Cross Street?

The Sub Registrar Office that covers Anna Nagar Merkku 8th 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 details.

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

The guideline value is a critical factor when registering property transactions in Pallikaranai. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that all transactions are conducted transparently and fairly, protecting both buyers and sellers by providing a standardized valuation for properties in the area.

Frequently asked questions

What is the current guideline value of Anna Nagar Merkku 8th Cross Street?

The current guideline value of Anna Nagar Merkku 8th 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 33% decrease from 2012 to 2017, followed by a 64% increase from 2017 to 2024.

What is the land classification for Anna Nagar Merkku 8th Cross Street?

Anna Nagar Merkku 8th Cross Street is classified as Residential Class IV Type - II, indicating its use for residential purposes.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, a property with a guideline value of Rs 13,20,000 would incur a stamp duty of Rs 92,400 and a registration fee of Rs 26,400.

Which office handles property registrations for this street?

The Chennai South Joint I Sub Registrar Office handles property registrations for Anna Nagar Merkku 8th Cross Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.