Guideline Value for Anathanarayanan Street

Anathanarayanan Street guideline value

The current guideline value of Anathanarayanan Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class III Type - II.

How the guideline value of Anathanarayanan Street has changed

The guideline value for Anathanarayanan Street has undergone several revisions over the years. In 2002, the value was Rs 123 per sq.ft, which increased to Rs 139 per sq.ft in 2003, marking a change of 13%. Following this, the value rose significantly to Rs 260 per sq.ft in 2007, reflecting an increase of 87%. The 2017 revision saw the value jump to Rs 1,072 per sq.ft, a substantial rise of 312%. In 2023, the guideline value reached Rs 1,600 per sq.ft, which was a 49% increase from the previous revision. The most recent revision in 2024 set the value at Rs 1,760 per sq.ft, a 10% increase from 2023.

It is important to note that the register has no figure for this street for the year 2012. Overall, from 2002 to 2024, the guideline value has increased by 1331%.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, placing Anathanarayanan Street's 2024 figure below that median.

• AnathaRamakrishnan Street (V.O.C.Nagar): Rs 2,750 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 Anathanarayanan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total cost for these fees to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations based on your property details.

Which Sub Registrar Office covers Anathanarayanan Street?

Anathanarayanan Street falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Pammal. It serves as a baseline for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the transaction is recorded at a value that reflects the current market conditions as established by the government.

Frequently asked questions

What is the current guideline value of Anathanarayanan Street?

The current guideline value of Anathanarayanan Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 123 per sq.ft in 2002 to Rs 1,760 per sq.ft in 2024, reflecting an overall increase of 1331% over the years.

What is the land classification for Anathanarayanan Street?

Anathanarayanan Street is classified as Residential Class III Type - II.

Where can I find the Sub Registrar Office for Anathanarayanan Street?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

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, a property with a guideline value of Rs 17,60,000 would incur a stamp duty of Rs 1,23,200 at the rate of 7%.