Guideline Value for N.V.N Somu Street, Anna Nagar

N.V.N Somu Street, Anna Nagar guideline value

The current guideline value of N.V.N Somu 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 street is Commercial Class I Type - II.

How the guideline value of N.V.N Somu Street, Anna Nagar has changed

The guideline value for N.V.N Somu Street has undergone several revisions over the years. However, the register has no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 sets the guideline value at Rs 2,750 per sq.ft.

Since there are no figures available for previous years, it is important to note that the 2024 revision is the only figure currently available for this street. There have been no changes between the revisions above.

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, with a median value of Rs 2,090 per sq.ft. The guideline value of N.V.N Somu Street is above this median.

• N.T.Krishnan Street, Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• N.S.K. Street (Muthamazhi Nagar): Rs 2,475 per sq.ft (2024)
• N.S.K. Street (Mungli Ari): Rs 2,475 per sq.ft (2024)
• N.S.K Street, Easwaran Nagar: Rs 2,750 per sq.ft (2024)
• NSK Street, Dr. Ambedhkar Nagar: Rs 1,980 per sq.ft (2024)
• N.S.K. Street (Anna Salai): Rs 2,475 per sq.ft (2024)

Stamp duty and registration fee for property in N.V.N Somu 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, totaling 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.

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

Which Sub Registrar Office covers N.V.N Somu Street, Anna Nagar?

The Sub Registrar Office that covers N.V.N Somu Street 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 information.

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

The guideline value is an essential factor in the registration process for property transactions in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value is compared to the sale price, and the higher value is used to calculate the applicable duties and fees. This ensures that the registration process is standardized and transparent.

Frequently asked questions

What is the current guideline value of N.V.N Somu Street?

The current guideline value of N.V.N Somu Street, Anna Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

What changes have occurred in the guideline value over the years?

The guideline value for N.V.N Somu Street has remained unchanged in the available revisions, with the most recent figure being Rs 2,750 per sq.ft in 2024. The register has no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023.

How does the guideline value compare to other streets in Pammal?

N.V.N Somu Street's guideline value of Rs 2,750 per sq.ft is above the median value of Rs 2,090 per sq.ft for the 926 streets in Pammal. Other streets in Pammal have varying guideline values ranging from Rs 880 to Rs 3,300 per sq.ft.

What are the stamp duty and registration fees for property in N.V.N Somu Street?

The stamp duty for a property valued at Rs 27,50,000 would be Rs 1,92,500, while the registration fee would be Rs 55,000, totaling Rs 2,47,500. These fees are calculated based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for N.V.N Somu Street located?

The Sub Registrar Office for N.V.N Somu Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.