Guideline Value for Indra Gandhi Salai (Anna Nagar)

Indra Gandhi Salai (Anna Nagar) guideline value

The current guideline value of Indra Gandhi Salai (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, classified as Commercial Class I Type - II.

How the guideline value of Indra Gandhi Salai (Anna Nagar) has changed

The guideline value of Indra Gandhi Salai has seen significant changes over the years. In 2002, the value was Rs 247 per sq.ft, which increased to Rs 280 per sq.ft in 2003, marking a 13% rise. The value continued to grow, reaching Rs 360 per sq.ft in 2007, a 29% increase from the previous revision. By 2017, the guideline 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 register has no figure for this street in 2012.

As of the latest revision in 2024, the guideline value stands at Rs 2,750 per sq.ft, which is a 10% increase from the 2023 figure. Overall, from 2002 to 2024, the guideline value has increased by 1013%, showcasing the substantial changes over the years.

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, making the current value of Indra Gandhi Salai (Anna Nagar) above this median.

• Indra Nagar, 1st Street: Rs 2,200 per sq.ft (2024)
• Indra Nagar, 2nd Street: Rs 2,200 per sq.ft (2024)
• Indra Nagar (All Streets): Rs 2,200 per sq.ft (2024)
• Irattai Pillaiyar Koil 1st Street, Pammal: Rs 2,200 per sq.ft (2024)
• Irattai Pillaiyar Koil 2nd Street, Pammal: Rs 2,200 per sq.ft (2024)
• Irattai Pillaiyar Koil Street, Pammal: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Indra Gandhi Salai (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 be 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 the 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 Indra Gandhi Salai (Anna Nagar)?

The Sub Registrar Office that covers Indra Gandhi Salai (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 details.

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

The guideline value is a crucial factor in the registration process for property transactions in Pammal. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs reflect the current market conditions as determined by the government.

When buying or selling property, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and follows the established legal framework.

Frequently asked questions

What is the current guideline value of Indra Gandhi Salai (Anna Nagar)?

The current guideline value of Indra Gandhi Salai (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 247 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, representing an overall increase of 1013% across the years.

What is the median guideline value in Pammal?

The median guideline value in Pammal is Rs 2,090 per sq.ft, with Indra Gandhi Salai (Anna Nagar) currently above this median at Rs 2,750 per sq.ft.

What are the stamp duty and registration fees for property in Indra Gandhi Salai?

For a 1,000 sq.ft plot valued at Rs 2,750 per sq.ft, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office handles registrations for Indra Gandhi Salai (Anna Nagar)?

The Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, manages registrations for Indra Gandhi Salai (Anna Nagar).