Guideline Value for Kiruba Street / Anna Nagar

Kiruba Street / Anna Nagar guideline value

The current guideline value of Kiruba 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 it falls under the Commercial Class I Type - II land classification.

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

The guideline value for Kiruba Street / Anna Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 228 per sq.ft. This figure increased to Rs 258 per sq.ft in 2003, marking a 13% rise. The value continued to rise to Rs 360 per sq.ft in 2007, which was a 40% increase from the previous revision. By 2017, the guideline value reached Rs 1,675 per sq.ft, representing a substantial 365% increase from 2007. The next revision in 2023 set the value at Rs 2,500 per sq.ft, a 49% increase from the 2017 figure. The most recent revision in 2024 has brought the guideline value to Rs 2,750 per sq.ft, reflecting a 10% increase from 2023. The register has no figure for this street in 2012.

Overall, from 2002 to 2024, the guideline value has increased by 1,106%, illustrating the significant growth in value over the years.

Guideline values in Pammal

In Pammal, 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 Kiruba Street / Anna Nagar's 2024 figure above that median.

• Kesavan Street / Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)
• Kenndy Street / Mungil Lake: Rs 1,980 per sq.ft (2024)
• Kennadi Street, Dr.Ambedhar Nagar: Rs 1,980 per sq.ft (2024)
• K.M. Manjan Street, Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Kaveri Street / Thiruvallur Nagar: Rs 2,475 per sq.ft (2024)
• Kaveri Street / Anna Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Kiruba 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, bringing the total amount for duty and fees to 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.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kiruba Street / Anna Nagar?

The Sub Registrar Office that covers Kiruba 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 plays a crucial role in the registration process when buying or selling property in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. The guideline value ensures that the property is valued fairly according to established rates in the area.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This helps maintain transparency in property transactions and ensures that the government receives the appropriate revenue from property sales.

Frequently asked questions

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

The current guideline value of Kiruba 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 228 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 1,106% over the years.

What is the median guideline value for streets in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft, with Kiruba Street / Anna Nagar's value being above this median.

What are the stamp duty and registration fees for property in Kiruba Street / Anna Nagar?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 2,47,500, based on the guideline value of Rs 27,50,000.

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

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