Guideline Value for Nehru Salai/ Anna Nagar

Nehru Salai/ Anna Nagar guideline value

The current guideline value for Nehru Salai/ Anna Nagar in Pammal village, under the Pammal SRO, is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is classified as Commercial Class I Type - II.

How the guideline value of Nehru Salai/ Anna Nagar has changed

The guideline value for Nehru Salai/ Anna Nagar has seen significant changes over the years. In 2002, the value was Rs 228 per sq.ft. It increased to Rs 258 per sq.ft in 2003, marking a 13% rise. The value then saw a substantial jump to Rs 360 per sq.ft in 2007, which was a 40% increase. By 2017, the guideline value reached Rs 1,675 per sq.ft, reflecting a remarkable 365% increase from the 2007 figure. 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 raised the value to Rs 2,750 per sq.ft, which is a 10% increase from the previous year.

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

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as of 2024. The median guideline value in this area is Rs 2,090 per sq.ft, positioning Nehru Salai/ Anna Nagar above this median.

• Nehru Salai/Nagelkeni: Rs 1,980 per sq.ft (2024)
• Nehru Nagar ,3rd Street: Rs 1,980 per sq.ft (2024)
• Nehru Nagar, 2nd Street: Rs 1,980 per sq.ft (2024)
• Nehru Nagar ,2nd Cross Street: Rs 1,980 per sq.ft (2024)
• Nehru Nagar ,1st Street: Rs 1,980 per sq.ft (2024)
• Nehru Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Nehru Salai/ 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, while the registration fee at 2% would be Rs 55,000. Together, the total cost for these fees would be 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, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nehru Salai/ Anna Nagar?

The Sub Registrar Office covering Nehru Salai/ 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 details.

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

The guideline value is a critical component when buying or selling property in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Nehru Salai/ Anna Nagar?

The current guideline value for Nehru Salai/ Anna Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 228 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, which is an overall increase of 1,106%.

What is the land classification for Nehru Salai/ Anna Nagar?

Nehru Salai/ Anna Nagar is classified as Commercial Class I Type - II.

What are the stamp duty and registration fees for property in this area?

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

Where is the Sub Registrar Office located for Nehru Salai/ Anna Nagar?

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