Guideline Value for AnathaRamakrishnan Street (V.O.C.Nagar)

AnathaRamakrishnan Street (V.O.C.Nagar) guideline value

The current guideline value of AnathaRamakrishnan Street (V.O.C.Nagar) is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of AnathaRamakrishnan Street (V.O.C.Nagar) has changed

The guideline value for AnathaRamakrishnan Street has seen significant changes over the years. In 2002, the guideline value was Rs 184 per sq.ft, which increased to Rs 208 per sq.ft in 2003, marking a 13% rise. The value then rose to Rs 360 per sq.ft in 2007, showing a substantial increase of 73%. By 2017, the guideline value reached Rs 1,675 per sq.ft, reflecting a remarkable growth of 365% from the previous revision. Unfortunately, the register has no figure for this street in 2012. The 2023 revision saw the guideline value increase to Rs 2,500 per sq.ft, which was a 49% increase from 2017. The latest revision in 2024 has set the guideline value at Rs 2,750 per sq.ft, representing a 10% increase from the previous year.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as per the 2024 revision. The median guideline value in this area is Rs 2,090 per sq.ft, placing AnathaRamakrishnan Street's 2024 value above this median.

• Anathanarayanan Street: Rs 1,760 per sq.ft (2024)
• Anbazhagan Street (Anna Nagar): Rs 2,750 per sq.ft (2024)
• Andal Parangkusam Street (Muvendar Nagar): Rs 1,760 per sq.ft (2024)
• Angalaman Koil 1st Street, Nagelkeni: Rs 1,980 per sq.ft (2024)
• Angalaman Koil Street, Nagelkeni: Rs 1,980 per sq.ft (2024)
• Angalamman Koil Street (Thiruneermalai Main Road): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in AnathaRamakrishnan Street (V.O.C.Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty, charged at 7%, would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. Together, the total cost for stamp duty and registration would be Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers AnathaRamakrishnan Street (V.O.C.Nagar)?

AnathaRamakrishnan Street (V.O.C.Nagar) is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Pammal. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This value is essential for calculating the costs associated with the transaction, including stamp duty and registration fees, which are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of AnathaRamakrishnan Street?

The current guideline value of AnathaRamakrishnan Street (V.O.C.Nagar) is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 184 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 1395% across the revisions.

What is the land classification for AnathaRamakrishnan Street?

AnathaRamakrishnan Street (V.O.C.Nagar) is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, within the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Pammal?

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 27,50,000, the stamp duty would be Rs 1,92,500 at a rate of 7%.