Guideline Value for Navalar Street / Anna Nagar

Navalar Street / Anna Nagar guideline value

The current guideline value of Navalar 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 area is Commercial Class I Type - II.

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

The guideline value for Navalar Street / Anna Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 228 per sq.ft. This increased to Rs 258 per sq.ft in 2003, marking a 13% rise. The value then jumped to Rs 360 per sq.ft in 2007, which was a 40% increase from the previous revision. By 2017, the guideline value soared to Rs 1,675 per sq.ft, reflecting a remarkable 365% increase. 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 further raised the guideline value to Rs 2,750 per sq.ft, a 10% increase from 2023.

It is important to note that the register has no figure for this street in 2012. Overall, from 2002 to 2024, the guideline value has increased by 1,106%.

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 guideline value for these streets is Rs 2,090 per sq.ft, placing Navalar Street / Anna Nagar's 2024 figure above that median.

• Navamani Street/Central Bank Colony: Rs 1,760 per sq.ft (2024)
• Nataraj Street, Dr. Ambedhkar Nagar: Rs 1,980 per sq.ft (2024)
• Natarajan Street / Thiruvallavur Nagar: Rs 2,475 per sq.ft (2024)
• Natarajan Street (S.G.) / Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)
• Natarajan Street / Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Natarajan Street (M) VOC Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Navalar Street / Anna Nagar

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the 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 to 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 use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Navalar Street / Anna Nagar?

The Sub Registrar Office that covers Navalar 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 information.

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

The guideline value is a crucial factor when registering property in Pammal. It serves as a benchmark for determining the minimum price at which a property can be sold or bought. During the registration process, the guideline value is used to calculate stamp duty and registration fees based on the higher of the guideline value or the actual sale price.

Understanding the guideline value is essential for both buyers and sellers, as it directly impacts the financial obligations involved in property transactions. It ensures that the transaction is recorded at a value that reflects the official pricing set by the government.

Frequently asked questions

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

The current guideline value of Navalar 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 228 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, representing an overall increase of 1,106% over this period.

What is the median guideline value in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft, with Navalar Street / Anna Nagar's 2024 value being above this median.

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

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

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

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.