Guideline Value for Periyar Street, Anna Nagar

Periyar Street, Anna Nagar guideline value

The current guideline value of Periyar 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 Periyar Street, Anna Nagar has changed

The guideline value for Periyar Street, Anna Nagar has seen significant changes over the years. The earliest recorded revision was in 2017, where the guideline value was Rs 1,675 per sq.ft. This figure rose to Rs 2,500 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 set the guideline value at Rs 2,750 per sq.ft, which is a 10% increase from the previous year.

There are no recorded figures for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that have 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 Periyar Street's 2024 figure above the median.

• Periyar Street, V.O.C Nagar: Rs 2,750 per sq.ft (2024)
• Periyapalaythan Koil Street / Kalayanipuram: Rs 1,980 per sq.ft (2024)
• Periyapalayathamman Koil Street, Nagelkeni: Rs 1,980 per sq.ft (2024)
• Periyapalayathamman Koil Street, Lord Srinivasa Colony: Rs 1,980 per sq.ft (2024)
• Peter Street: Rs 1,980 per sq.ft (2024)
• Peter Street, Thiru Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar 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 cost for these fees to Rs 2,47,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Periyar Street, Anna Nagar?

The Sub Registrar Office that covers Periyar 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 plays a crucial role in the registration process when buying or selling property in Pammal. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than fluctuating market prices.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions, regardless of market conditions.

Frequently asked questions

What is the current guideline value of Periyar Street, Anna Nagar?

The current guideline value of Periyar 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 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, representing a 64% increase over this period.

What is the median guideline value for streets in Pammal?

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

What are the stamp duty rates for property in Periyar Street?

The stamp duty rate for property transactions in Periyar Street is 7%, while the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Periyar Street?

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