Guideline Value for Nanjilar Street, Anna Nagar

Nanjilar Street, Anna Nagar guideline value

The current guideline value of Nanjilar 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 Nanjilar Street, Anna Nagar has changed

The guideline value for Nanjilar Street has undergone several revisions over the years. The register shows no figures for the years 2002, 2003, 2007, 2012, and 2023. The 2017 revision set the guideline value at Rs 1,675 per sq.ft, which was then increased to Rs 2,750 per sq.ft in the 2024 revision, marking a significant increase of 64%.

From the 2017 revision to the 2024 revision, the guideline value rose from Rs 1,675 per sq.ft to Rs 2,750 per sq.ft. This increase indicates a notable change in the valuation of properties along Nanjilar Street over this period.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value, which ranges from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Nanjilar Street's 2024 figure above this median.

• Nandanar Street / Thiruvallavur Nagar: Rs 2,475 per sq.ft (2024)
• Narasiman Street /Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)
• Narasiman Street (Nagal Kenai): Rs 1,980 per sq.ft (2024)
• Nammalwar Street / Thiruvallavur Nagar: Rs 2,475 per sq.ft (2024)
• Narasimman Street, Nagelkeni: Rs 1,980 per sq.ft (2024)
• Narayanan Street / Lord Srinivasa Colony: Rs 1,870 per sq.ft (2024)

Stamp duty and registration fee for property in Nanjilar 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 at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total cost for these fees to 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.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nanjilar Street, Anna Nagar?

The Sub Registrar Office that covers Nanjilar 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 details.

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

The guideline value is a crucial factor in the registration process of property transactions in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. This value is used to calculate the necessary fees, which are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Nanjilar Street, Anna Nagar?

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

How much has the guideline value changed since the last revision?

Since the last revision in 2017, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,750 per sq.ft, which is a change of 64%.

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, which indicates that Nanjilar Street's 2024 figure is above this median.

What fees are associated with property transactions on Nanjilar Street?

The fees associated with property transactions include stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Nanjilar Street?

The Sub Registrar Office for Nanjilar Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more details by visiting the appropriate link.