Guideline Value for Kalaingar Salai/ Cross Street / Anna Nagar

Kalaingar Salai/ Cross Street / Anna Nagar guideline value

The current guideline value of Kalaingar Salai/ Cross Street / 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. The land classification for this area is Commercial Class I Type - II.

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

The guideline value for Kalaingar Salai/ Cross Street / Anna Nagar has undergone several revisions over the years. In 2002, the value was Rs 228 per sq.ft, which increased to Rs 258 per sq.ft in 2003, marking a 13% rise. The value saw a significant jump to Rs 360 per sq.ft in 2007, representing a 40% increase. By 2017, the guideline value further escalated to Rs 1,675 per sq.ft, reflecting a remarkable 365% increase from the previous revision. However, there is no figure available for the year 2012 in the register for this street.

In the subsequent revisions, the guideline value continued to rise, reaching Rs 2,500 per sq.ft in 2023, which was a 49% increase from 2017. The most recent revision in 2024 set the guideline value at Rs 2,750 per sq.ft, showing a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 1,106%.

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 of 2024. The median guideline value for these streets is Rs 2,090 per sq.ft, making the current value of Rs 2,750 per sq.ft for Kalaingar Salai/ Cross Street / Anna Nagar above the median.

• Kalaingar Salai /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/ Cross 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 amounts to 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. Together, the total cost for stamp duty and registration would be Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kalaingar Salai/ Cross Street / Anna Nagar?

The Sub Registrar Office that covers Kalaingar Salai/ Cross Street / Anna Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pammal. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is considered to determine the applicable fees, and it is essential to understand that the fees are charged based on the higher of the guideline value or the actual sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Kalaingar Salai/ Cross Street / Anna 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 over the years, increasing from Rs 228 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 1,106%.

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

The land classification for Kalaingar Salai/ Cross Street / Anna Nagar is Commercial Class I Type - II.

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

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.

Which office handles the registration for properties in this street?

The registration for properties in Kalaingar Salai/ Cross Street / Anna Nagar is handled by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.