Guideline Value for Dr. Anne Besant Street / VOC Nagar

Dr. Anne Besant Street / VOC Nagar guideline value

The current guideline value for Dr. Anne Besant Street / VOC Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal Sub Registrar Office (SRO) in the Chengalpattu zone. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Dr. Anne Besant Street / VOC Nagar has changed

The guideline value for Dr. Anne Besant Street / VOC Nagar has seen significant changes over the years. The earliest recorded figure is from 2002 at Rs 185 per sq.ft. This increased to Rs 210 per sq.ft in 2003, marking a change of +14%. In 2007, the value rose to Rs 360 per sq.ft, which is a notable increase of +71%. Following this, the value surged to Rs 1,675 per sq.ft in 2017, reflecting a substantial change of +365%. The next revision in 2023 set the value at Rs 2,500 per sq.ft, an increase of +49%. Finally, the current guideline value as of 2024 is Rs 2,750 per sq.ft, which is a +10% change from the previous year.

It is important to note that the register has no figure for Dr. Anne Besant Street / VOC Nagar for the year 2012.

Guideline values in Pammal

In Pammal village, 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 guideline value for these streets is Rs 2,090 per sq.ft, placing Dr. Anne Besant Street / VOC Nagar's 2024 value above this median.

• Dr.Ambedkar Street /Near Pammal Main Road: Rs 1,870 per sq.ft (2024)
• Dr. Ambedhkar Nagar, 5th Cross Street: Rs 1,980 per sq.ft (2024)
• Dr. Ambedhkar Nagar: Rs 1,980 per sq.ft (2024)
• Dr.Ambedhar Nagar, Cross Street: Rs 1,980 per sq.ft (2024)
• Dr.Ambedhar Nagar, 4th Street: Rs 1,980 per sq.ft (2024)
• Dr.Abdulkalam Road, Nagelkeni: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Dr. Anne Besant Street / VOC 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 at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees together to Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Dr. Anne Besant Street / VOC Nagar?

The Sub Registrar Office that covers Dr. Anne Besant Street / VOC 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 minimum price at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions are conducted transparently and fairly.

When a property is sold, the buyer and seller must consider the guideline value to ascertain the applicable fees. This value helps in establishing a fair transaction price and is essential for the legal registration of the property.

Frequently asked questions

What is the current guideline value for Dr. Anne Besant Street / VOC Nagar?

The current guideline value for Dr. Anne Besant Street / VOC Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 185 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, marking an overall increase of +1386%.

Which Sub Registrar Office covers this area?

The Pammal Sub Registrar Office covers Dr. Anne Besant Street / VOC Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

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

The guideline value is used to determine the minimum price for property registration and is essential for calculating stamp duty and registration fees during a transaction.