Guideline Value for Anna Street, Pasumpon Nagar

Anna Street, Pasumpon Nagar guideline value

The current guideline value of Anna Street, Pasumpon Nagar is Rs 1,980 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 Residential Class II Type - II.

How the guideline value of Anna Street, Pasumpon Nagar has changed

The guideline value for Anna Street, Pasumpon Nagar has seen several revisions over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 1,206 per sq.ft. This increased to Rs 1,800 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

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 as per the 2024 revision. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Anna Street's 2024 figure below this median.

• Anna Street: Rs 1,760 per sq.ft (2024)
• Anthony Dass Street (Ganapathy Nagar): Rs 1,760 per sq.ft (2024)
• Anthony Street, Gandhi Nagar: Rs 2,475 per sq.ft (2024)
• Anna Salai, Nagelkeni: Rs 1,980 per sq.ft (2024)
• Anna Salai, Easwaran Nagar: Rs 2,750 per sq.ft (2024)
• Anna Salai: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Street, Pasumpon Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. 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 Street, Pasumpon Nagar?

The Sub Registrar Office that covers Anna Street, Pasumpon Nagar 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 details.

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

The guideline value is a crucial factor in property transactions in Pammal. It serves as a benchmark for determining the stamp duty and registration fees when a property is bought or sold. The value is set by the Registration Department and is regularly revised to reflect market conditions.

When registering a property, the guideline value is used to calculate the applicable fees. Buyers should be aware that the stamp duty is calculated based on either the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anna Street, Pasumpon Nagar?

The current guideline value of Anna Street, Pasumpon Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023, and now to Rs 1,980 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What are the guideline values for other streets in Pammal?

Other streets in Pammal have varying guideline values, with Anna Street at Rs 1,760 per sq.ft, Anthony Dass Street at Rs 1,760 per sq.ft, and Anthony Street at Rs 2,475 per sq.ft among others. The median guideline value for Pammal streets is Rs 2,090 per sq.ft.

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

Stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,980 per sq.ft would incur a total cost of Rs 1,78,200 in fees.

Where can I find the Sub Registrar Office for Anna Street, Pasumpon Nagar?

The Sub Registrar Office for Anna Street, Pasumpon Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more details through the appropriate channels.