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Guideline Value

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Guideline Value for RANI ANNA NAGAR 1 TO 4 CROSS STREET

₹1650/sq.ft.

The guideline value for Rani Anna Nagar 1 To 4 Cross Street in Perumalagaram village (Chennai South Joint Ii SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perumalagaram

Village

Chennai South Joint II

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Rani Anna Nagar 1 To 4 Cross Street

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Rani Anna Nagar 1 To 4 Cross Street guideline value

The current guideline value of Rani Anna Nagar 1 To 4 Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Perumalagaram village, under the Chennai South Joint II SRO, and is classified as Residential Class III Type - I.

How the guideline value of Rani Anna Nagar 1 To 4 Cross Street has changed

The guideline value for Rani Anna Nagar 1 To 4 Cross Street has undergone several revisions over the years. In 2012, the guideline value was Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in 2017. This marked a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, representing a rise of 49%. The most recent revision in 2024 set the value at Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Perumalagaram

In Perumalagaram, there are 74 streets under the Chennai South Joint II SRO with a 2024 guideline value ranging from Rs 825 to Rs 7,920 per sq.ft. The median guideline value for these streets is Rs 3,190 per sq.ft, placing Rani Anna Nagar 1 To 4 Cross Street below this median.

Stamp duty and registration fee for property in Rani Anna Nagar 1 To 4 Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total fees together to Rs 1,48,500. It is important to note that 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 Rani Anna Nagar 1 To 4 Cross Street?

The Sub Registrar Office that covers Rani Anna Nagar 1 To 4 Cross Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Perumalagaram, as it determines the minimum value at which a property can be registered. When a buyer and seller agree on a sale price, the registration office will charge stamp duty based on the higher of the guideline value or the agreed sale price.

This ensures that the government receives the appropriate revenue from property transactions. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Rani Anna Nagar 1 To 4 Cross Street?

The current guideline value of Rani Anna Nagar 1 To 4 Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification of Rani Anna Nagar 1 To 4 Cross Street?

Rani Anna Nagar 1 To 4 Cross Street is classified as Residential Class III Type - I.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in this area is 7%, which is applied to the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Rani Anna Nagar 1 To 4 Cross Street?

The Sub Registrar Office for Rani Anna Nagar 1 To 4 Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.