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Guideline Value

Corporate

Guideline Value for ANNA NAGAR PANJALI STREET

₹1650/sq.ft.

The guideline value for Anna Nagar Panjali Street in Thundalam village (Chennai South Joint I SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thundalam

Village

Chennai South Joint I

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /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 Panjali Street

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Anna Nagar Panjali Street guideline value

The current guideline value of Anna Nagar Panjali Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Thundalam village and falls under the Chennai South Joint I SRO, classified as Residential Class IV Type - II.

How the guideline value of Anna Nagar Panjali Street has changed

Since the 2012 revision, the guideline value for Anna Nagar Panjali Street has seen several changes. In 2012, the value was Rs 1,500 per sq.ft, which decreased to Rs 1,005 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, and then further rose to Rs 1,650 per sq.ft in 2024, marking a 10% increase from the previous year.

To summarize the revisions: the 2024 revision is Rs 1,650 per sq.ft, the 2023 revision was Rs 1,500 per sq.ft, the 2017 revision was Rs 1,005 per sq.ft, and the 2012 revision was Rs 1,500 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thundalam

In Thundalam, there are 97 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median value is Rs 1,870 per sq.ft, placing Anna Nagar Panjali Street's 2024 value below this median.

Stamp duty and registration fee for property in Anna Nagar Panjali Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Nagar Panjali Street?

The Anna Nagar Panjali Street falls under 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 here.

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

The guideline value is a crucial factor in property transactions in Thundalam, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of the transaction. The registration office will use this value to assess the applicable fees, which are necessary for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Anna Nagar Panjali Street?

The current guideline value of Anna Nagar Panjali Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles registrations for Anna Nagar Panjali Street?

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

What is the significance of the guideline value when buying property?

The guideline value is used to determine the minimum value at which properties can be registered, impacting the calculation of stamp duty and registration fees during property transactions.