Guideline Value

Corporate

Guideline Value for Anna Nagar 2nd Main Road

₹2750/sq.ft.

The guideline value for Anna Nagar 2nd Main Road in Pammal 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 Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Pammal

Village

Pammal

SRO

Commercial Class I Type - II
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 ₹360 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹292 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹258 /sq.ft.
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 Nagar 2nd Main Road

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Anna Nagar 2nd Main Road guideline value

The current guideline value of Anna Nagar 2nd Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This road is located in Pammal village, under the Pammal Sub Registrar Office (SRO), and is classified as Commercial Class I Type - II.

How the guideline value of Anna Nagar 2nd Main Road has changed

The guideline value for Anna Nagar 2nd Main Road has seen significant changes over the years. In 2002, the value was Rs 258 per sq.ft, which increased to Rs 292 per sq.ft in 2003, marking a 13% rise. The value then rose to Rs 360 per sq.ft in 2007, a 23% increase from the previous revision. By 2017, the value had surged to Rs 1,675 per sq.ft, reflecting a remarkable 365% increase. The 2023 revision set the value at Rs 2,500 per sq.ft, a 49% increase from 2017. The current 2024 revision shows the value at Rs 2,750 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there is no guideline value figure available for the year 2012 for this street. Overall, from 2002 to 2024, the guideline value has increased by 966%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 2,090 per sq.ft, placing Anna Nagar 2nd Main Road above this median value.

Stamp duty and registration fee for property in Anna Nagar 2nd Main Road

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 at 7% would amount to 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 or the sale price.

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

Which Sub Registrar Office covers Anna Nagar 2nd Main Road?

The Sub Registrar Office that covers Anna Nagar 2nd Main Road is 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 during the registration of property transactions in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is assessed to ensure that the transaction is in line with the prevailing market conditions. This value is particularly important for calculating the applicable stamp duty and registration fees, which are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Anna Nagar 2nd Main Road?

The current guideline value of Anna Nagar 2nd Main Road 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 from Rs 258 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 966% over this period.

What is the stamp duty rate for properties in Anna Nagar 2nd Main Road?

The stamp duty rate for properties in Anna Nagar 2nd Main Road is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Pammal Sub Registrar Office?

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

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum registration value of a property and is essential for calculating the stamp duty and registration fees during property transactions in Pammal.