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Guideline Value

Corporate

Guideline Value for Anna Main Road (ward 7)

₹2750/sq.ft.

The guideline value for Anna Main Road (ward 7) in Kolapakkam village (Pammal SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Kolapakkam

Village

Pammal

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075
044-22480069
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Anna Main Road (ward 7)

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Anna Main Road (ward 7) guideline value

The current guideline value of Anna Main Road (ward 7) is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Kolapakkam village under the Pammal SRO and is classified as Residential Class I Type - I.

How the guideline value of Anna Main Road (ward 7) has changed

The guideline value for Anna Main Road (ward 7) has seen several revisions over the years. In the 2017 revision, the value was set at Rs 1,675 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision has further increased the value to Rs 2,750 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is noteworthy that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kolapakkam

In Kolapakkam, there are 111 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 6,850 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Anna Main Road (ward 7) above this median.

Stamp duty and registration fee for property in Anna Main Road (ward 7)

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

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

Which Sub Registrar Office covers Anna Main Road (ward 7)?

The Sub Registrar Office that covers Anna Main Road (ward 7) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Kolapakkam. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these fees are calculated based on a standardized value.

When buying or selling property, both the buyer and seller must be aware of the guideline value, as it directly impacts the financial obligations involved in the transaction. The guideline value helps to maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Anna Main Road (ward 7)?

The current guideline value of Anna Main Road (ward 7) 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 changed from Rs 1,675 per sq.ft in 2017 to Rs 2,500 per sq.ft in 2023, and now to Rs 2,750 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What are the registration fees for property in Anna Main Road (ward 7)?

The registration fees for property in Anna Main Road (ward 7) include a stamp duty of 7% and a registration fee of 2% on the guideline value or sale price, whichever is higher.

Which office handles property registrations for Anna Main Road (ward 7)?

The Pammal Sub Registrar Office handles property registrations for Anna Main Road (ward 7). It is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the significance of the guideline value in property transactions?

The guideline value is significant in property transactions as it determines the stamp duty and registration fees applicable during the registration process. It ensures a standardized approach to property valuation in the region.