Guideline Value for Ganga Street / Anna Nagar

Ganga Street / Anna Nagar guideline value

The current guideline value of Ganga Street / Anna Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Ganga Street / Anna Nagar has changed

The guideline value has seen significant changes over the years. In 2002, the value was Rs 234 per sq.ft, which increased to Rs 265 per sq.ft in 2003, marking a change of 13%. The value then rose to Rs 360 per sq.ft in 2007, a 36% increase. Following this, the guideline value experienced a substantial rise to Rs 1,675 per sq.ft in 2017, reflecting a 365% increase. The 2023 revision set the value at Rs 2,500 per sq.ft, which was a 49% increase from 2017. The current 2024 value of Rs 2,750 per sq.ft represents a 10% increase from the previous year.

It is important to note that there is no figure for Ganga Street / Anna Nagar in the 2012 revision.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO with 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, positioning Ganga Street / Anna Nagar above this median.

• George Fernandes Street, M.G.R Nagar: Rs 1,980 per sq.ft (2024)
• Girigori Street 2nd Cross Street: Rs 1,980 per sq.ft (2024)
• Girigori Street Extension: Rs 1,980 per sq.ft (2024)
• Girigori Street Lane: Rs 1,980 per sq.ft (2024)
• Girigori Street / Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Giri Square / Anna Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Ganga Street / Anna 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, totaling Rs 2,47,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ganga Street / Anna Nagar?

The Sub Registrar Office that covers Ganga Street / Anna 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 information.

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 value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration process will involve fees based on the guideline value.

When registering a property, the guideline value ensures that the government receives appropriate revenue through stamp duty and registration fees. This value is essential for maintaining transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Ganga Street / Anna Nagar?

The current guideline value of Ganga Street / Anna Nagar 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 significantly from Rs 234 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 1,075% over this period.

What is the land classification for Ganga Street / Anna Nagar?

Ganga Street / Anna Nagar is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.

Where can I find the Sub Registrar Office for Ganga Street / Anna Nagar?

The Sub Registrar Office for Ganga Street / Anna Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

What is the stamp duty for property in Ganga Street / Anna Nagar?

The stamp duty for property in Ganga Street / Anna Nagar is 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500.