Guideline Value for Palaniappan Street / Anna Nagar

Palaniappan Street / Anna Nagar guideline value

The current guideline value of Palaniappan 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 Palaniappan Street / Anna Nagar has changed

The guideline value for Palaniappan Street / Anna Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 228 per sq.ft, which increased to Rs 258 per sq.ft in 2003, marking a 13% rise. The value further increased to Rs 360 per sq.ft in 2007, reflecting a 40% growth from the previous revision. By 2017, the value surged to Rs 1,675 per sq.ft, a remarkable increase of 365% from 2007.

As of the 2024 revision, the guideline value stands at Rs 2,750 per sq.ft, which is a 64% increase from the 2017 figure. Overall, from 2002 to 2024, the guideline value has increased by 1106%. It is important to note that the register has no figures for the years 2012 and 2023 for this street.

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 for these streets is Rs 2,090 per sq.ft, positioning Palaniappan Street / Anna Nagar above this median.

• Palaniappan Street / Ganapathy Nagar: Rs 1,760 per sq.ft (2024)
• Palani Street / Anna Nagar: Rs 2,750 per sq.ft (2024)
• Pallavan Street/ Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)
• Pallavan Street / VOC Nagar: Rs 2,750 per sq.ft (2024)
• Pammal, Cross Street: Rs 1,980 per sq.ft (2024)
• Pammal Kundrathur Salai: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Palaniappan 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, while the registration fee at 2% would be Rs 55,000, bringing the total fees to Rs 2,47,500. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Palaniappan Street / Anna Nagar?

The Sub Registrar Office that covers Palaniappan Street / Anna Nagar is 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 is an essential component in the registration process of property transactions in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value is used to ensure that the transaction is recorded at a fair value, helping to prevent undervaluation. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

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

The current guideline value of Palaniappan 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 significantly from Rs 228 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, representing an overall increase of 1106%.

What are the other streets with guideline values in Pammal?

Other streets in Pammal include Palaniappan Street / Ganapathy Nagar at Rs 1,760 per sq.ft, Pallavan Street / Muthamzhi Nagar at Rs 2,475 per sq.ft, and Pammal Kundrathur Salai at Rs 3,300 per sq.ft, among others.

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

The Sub Registrar Office for Palaniappan Street / Anna Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties in Pammal?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,50,000, the stamp duty at 7% would be Rs 1,92,500.