Guideline Value for Periayar Street (Anna Nagar)

Periayar Street (Anna Nagar) guideline value

The current guideline value of Periayar Street (Anna Nagar) is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class I Type - I.

How the guideline value of Periayar Street (Anna Nagar) has changed

The guideline value for Periayar Street has seen significant changes over the years. The 2003 revision recorded a value of Rs 231 per sq.ft, which increased to Rs 300 per sq.ft in 2007. Following this, there was a substantial rise to Rs 1,206 per sq.ft in 2017, marking an increase of 302%. The value then rose to Rs 1,800 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, a 10% increase from the previous year.

It is important to note that the register does not have figures for Periayar Street for the years 2002 and 2012. Overall, from 2003 to 2024, the guideline value has increased by 757%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that have a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value is Rs 1,980 per sq.ft, which is equal to the guideline value of Periayar Street (Anna Nagar).

• Periayar Street (Balaji Nagar): Rs 2,350 per sq.ft (2024)
• Periya Street: Rs 1,760 per sq.ft (2024)
• Pari Nagar Vasugi Street: Rs 2,350 per sq.ft (2024)
• Pari Nagar Vallalar Street: Rs 2,350 per sq.ft (2024)
• Pari Nagar Pilliyar Koil Street: Rs 2,350 per sq.ft (2024)
• Pari Nagar Mullai Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Periayar Street (Anna Nagar)

For a property measuring 1,000 sq.ft at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Periayar Street (Anna Nagar)?

The Sub Registrar Office that covers Periayar 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 Anakaputhur

The guideline value is a crucial factor when buying or selling property in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in real estate dealings. It is essential for both buyers and sellers to understand how this value impacts their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Periayar Street (Anna Nagar)?

The current guideline value of Periayar Street (Anna Nagar) is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value increased over the years?

Since 2003, the guideline value has increased from Rs 231 per sq.ft to Rs 1,980 per sq.ft in 2024, an overall increase of 757%.

What are the stamp duty and registration fees for property in Periayar Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 19,80,000, the total fees would amount to Rs 1,78,200.

Which Sub Registrar Office covers Periayar Street (Anna Nagar)?

The Pammal Sub Registrar Office covers Periayar Street (Anna Nagar), located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How does the guideline value affect property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It ensures that the property is registered at a fair value, impacting the financial obligations of both buyers and sellers.