Guideline Value for Kalaingar Salai /Anna Nagar

Kalaingar Salai /Anna Nagar guideline value

The current guideline value of Kalaingar Salai /Anna Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO with a land classification of Commercial Class I Type - II.

How the guideline value of Kalaingar Salai /Anna Nagar has changed

The guideline value for Kalaingar Salai /Anna Nagar has seen significant changes over the years. Starting from Rs 228 per sq.ft in 2002, it rose to Rs 258 in 2003, marking a 13% increase. The value then increased to Rs 450 in 2007, which is a 74% rise, followed by a substantial jump to Rs 1,675 in 2017, reflecting a 272% increase. The next revision in 2023 brought the value to Rs 2,500 per sq.ft, a 49% increase from the previous figure.

The most recent revision in 2024 set the guideline value at Rs 2,750 per sq.ft, representing a 10% increase from 2023. Notably, there is no figure available for the street in the 2012 revision.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO, with guideline values for 2024 ranging from Rs 880 to Rs 3,300 per sq.ft. The median value is Rs 2,090 per sq.ft, placing the guideline value of Kalaingar Salai /Anna Nagar above this median.

• Kalaingar Salai/ Cross Street / Anna Nagar: Rs 2,750 per sq.ft (2024)
• Kaladharan Street / Meenakshi Nagar: Rs 1,980 per sq.ft (2024)
• Kakkan Street / Hindustan Lever Colony: Rs 2,530 per sq.ft (2024)
• Kakkan Cross Street /Hindustan Lever Colony: Rs 2,530 per sq.ft (2024)
• Kakkan 2nd Cross Street, H.L. Colony: Rs 2,530 per sq.ft (2024)
• Kadar Basha Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaingar 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 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 Kalaingar Salai /Anna Nagar?

The Kalaingar Salai /Anna Nagar area is covered by 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 the registration process of property transactions in Pammal. It serves as the benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value of Kalaingar Salai /Anna Nagar?

The current guideline value of Kalaingar 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 changed significantly from Rs 228 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 1106% over the years.

What is the land classification for Kalaingar Salai /Anna Nagar?

Kalaingar Salai /Anna Nagar is classified as Commercial Class I Type - II, which indicates its suitability for commercial activities.

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 is the stamp duty calculated for properties in Pammal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 27,50,000, the stamp duty would be calculated accordingly.