Guideline Value for Kannageyi Street /Anna Nagar

Kannageyi Street /Anna Nagar guideline value

The current guideline value of Kannageyi 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 Kannageyi Street /Anna Nagar has changed

The guideline value for Kannageyi Street /Anna Nagar has undergone significant changes over the years. In 2002, the value was Rs 205 per sq.ft, which increased to Rs 232 per sq.ft in 2003, marking a 13% rise. The value saw a further increase to Rs 360 per sq.ft in 2007, which was a 55% change. By 2017, the guideline value rose dramatically to Rs 1,675 per sq.ft, reflecting a 365% increase from 2007. The next revision in 2023 set the value at Rs 2,500 per sq.ft, a 49% increase from 2017. The most recent revision in 2024 has established the value at Rs 2,750 per sq.ft, which is a 10% increase from the previous year.

It is important to note that the register has no figure for Kannageyi Street /Anna Nagar for the year 2012. Overall, from 2002 to 2024, the guideline value has increased by 1241%.

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 value for these streets is Rs 2,090 per sq.ft, placing Kannageyi Street /Anna Nagar above this median with its current value of Rs 2,750 per sq.ft.

• Kannageyi Street (Gandhi Nagar): Rs 2,475 per sq.ft (2024)
• Kannageyi Street /Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)
• Kannageyi Street /Ponni Nagar: Rs 1,980 per sq.ft (2024)
• Kannageyi Street /Shivashankaran Nagar: Rs 1,980 per sq.ft (2024)
• Kannageyi Street /V.O.C.Nagar: Rs 2,750 per sq.ft (2024)
• Kannadasan Street (Hindustan Lever Colony): Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Kannageyi 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, charged at 7%, would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. Together, the total fees would be Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kannageyi Street /Anna Nagar?

The Sub Registrar Office that covers Kannageyi Street /Anna Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 an essential factor when registering property transactions in Pammal. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is registered, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

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

The current guideline value of Kannageyi 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 from Rs 205 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 1241%.

What is the median guideline value for streets in Pammal?

The median guideline value for the 926 streets in Pammal is Rs 2,090 per sq.ft, with Kannageyi Street /Anna Nagar above this median.

What are the stamp duty and registration fees for properties in Kannageyi Street /Anna Nagar?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Kannageyi Street /Anna Nagar located?

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