Guideline Value for Nagarathinam Street /Anna Salai

Nagarathinam Street /Anna Salai guideline value

The current guideline value of Nagarathinam Street /Anna Salai is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal Sub Registrar Office (SRO), and is classified as Residential Class I Type - I.

How the guideline value of Nagarathinam Street /Anna Salai has changed

The guideline value of Nagarathinam Street /Anna Salai has seen significant changes over the years. In 2002, the guideline value was Rs 200 per sq.ft, which increased to Rs 226 per sq.ft in 2003, marking a 13% rise. By 2007, the value had further increased to Rs 360 per sq.ft, representing a 59% change from the previous revision. The 2017 revision set the value at Rs 1,541 per sq.ft, which was a substantial 328% increase from 2007. The most recent revision in 2024 brought the guideline value to Rs 2,530 per sq.ft, reflecting a 64% increase from 2017.

It is important to note that there are no figures available for the years 2012 and 2023 for this street. Overall, from 2002 to 2024, the guideline value has increased by an impressive 1165%.

Guideline values in Pammal

Pammal village has a total of 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 guideline value in this area is Rs 2,090 per sq.ft, and Nagarathinam Street /Anna Salai's 2024 figure is above this median.

• Nagarathinam Street, Easwaran Nagar: Rs 2,750 per sq.ft (2024)
• Nagarathinam Street / Gandhi Nagar: Rs 2,475 per sq.ft (2024)
• Nagarathinam Street / Hindustan Lever Colony: Rs 2,530 per sq.ft (2024)
• Nagarathinam Street / Pasumpon Nagar: Rs 2,475 per sq.ft (2024)
• Nagelkeni: Rs 1,980 per sq.ft (2024)
• Nagelkeni, Cross Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Nagarathinam Street /Anna Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, leading to a total cost of Rs 2,27,700. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nagarathinam Street /Anna Salai?

The Sub Registrar Office that covers Nagarathinam Street /Anna Salai 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 applicable to the transaction. Buyers must be aware that these fees are calculated based on the higher of the guideline value or the sale price.

Understanding the guideline value is essential for both buyers and sellers, as it ensures transparency and compliance with local regulations. It is advisable to consult the latest guideline value register to stay informed about any changes that may affect property transactions.

Frequently asked questions

What is the current guideline value of Nagarathinam Street /Anna Salai?

The current guideline value of Nagarathinam Street /Anna Salai is Rs 2,530 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 200 per sq.ft in 2002 to Rs 2,530 per sq.ft in 2024, reflecting an overall increase of 1165%.

What is the registration office for Nagarathinam Street /Anna Salai?

The registration office for Nagarathinam Street /Anna Salai is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

Are there other streets with guideline values in Pammal?

Yes, there are several other streets in Pammal with guideline values. For example, Nagarathinam Street, Easwaran Nagar has a value of Rs 2,750 per sq.ft in 2024.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 2,27,700.