Guideline Value for PERARIGNAR ANNA COLONY

Perarignar Anna Colony guideline value

The current guideline value of Perarignar Anna Colony is Rs 5,500 per sq.ft, effective from 1 July 2024. This area is located in Tnagar village under the Thiyagaraya nagar SRO, classified as Residential Class III Type - II.

How the guideline value of Perarignar Anna Colony has changed

The guideline value for Perarignar Anna Colony has seen several revisions over the years. The 2012 revision set the value at Rs 5,000 per sq.ft, which then decreased to Rs 3,350 per sq.ft in 2017. Following this, the value increased to Rs 5,000 per sq.ft in 2023, and currently stands at Rs 5,500 per sq.ft from the 2024 revision.

Notably, the changes between these revisions are significant. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The current value of Rs 5,500 per sq.ft represents a 10% increase from the previous year, 2023.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO, with 2024 guideline values ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median guideline value in this area is Rs 11,000 per sq.ft, placing Perarignar Anna Colony's 2024 figure below that median.

• Paul Appasamy Street: Rs 6,600 per sq.ft (2024)
• Parthasarathy Puram Street(Extention): Rs 5,500 per sq.ft (2024)
• Parthasarathy Puram Main Road: Rs 5,500 per sq.ft (2024)
• Parthasarathy Puram Ist Street: Rs 5,500 per sq.ft (2024)
• Parthasarathy Puram II Nd Street: Rs 5,500 per sq.ft (2024)
• Parthasarathy Puram III Rd Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Perarignar Anna Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, while the registration fee at 2% would be Rs 1,10,000, bringing the total fees together to Rs 4,95,000. It is important to note that 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 Perarignar Anna Colony?

The Sub Registrar Office that covers Perarignar Anna Colony is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35. You can find your SRO for more details.

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

The guideline value is an essential component in the property registration process in Tnagar. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Perarignar Anna Colony?

The current guideline value of Perarignar Anna Colony is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,000 per sq.ft in 2012 to Rs 3,350 per sq.ft in 2017, then to Rs 5,000 per sq.ft in 2023, and currently stands at Rs 5,500 per sq.ft in 2024.

What is the land classification of Perarignar Anna Colony?

Perarignar Anna Colony is classified as Residential Class III Type - II, indicating its use for residential purposes.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 55,00,000, the stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000 in fees.

Which office handles registrations for Perarignar Anna Colony?

The Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35, handles registrations for Perarignar Anna Colony.