Guideline Value for RANI ANNA NAGAR BAKTHSINGH STREET

Rani Anna Nagar Bakthsingh Street guideline value

The current guideline value of Rani Anna Nagar Bakthsingh Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Thirusulam village, under the Pallavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Rani Anna Nagar Bakthsingh Street has changed

The guideline value for Rani Anna Nagar Bakthsingh Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in the 2017 revision, marking a decline of 33%. The 2023 revision increased the value to Rs 1,000 per sq.ft, and the most recent 2024 revision further increased it to Rs 1,320 per sq.ft, reflecting a rise of 32% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirusulam

In Thirusulam, there are 74 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,080 to Rs 2,750 per sq.ft. The median value for these streets is Rs 1,940 per sq.ft, positioning Rani Anna Nagar Bakthsingh Street below this median.

• Rani Anna Nagar 1 To 4 Cross Streets: Rs 1,320 per sq.ft (2024)
• Rani Anna Nagar Pillaiyar Koil Street: Rs 1,320 per sq.ft (2024)
• Rani Anna Nagar: Rs 1,320 per sq.ft (2024)
• Sakthi Nagar: Rs 1,320 per sq.ft (2024)
• Sakthi Nagar -Bharathiyar Street: Rs 1,320 per sq.ft (2024)
• Sakthi Nagar - Kambar Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Rani Anna Nagar Bakthsingh Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. 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 details.

Which Sub Registrar Office covers Rani Anna Nagar Bakthsingh Street?

The Rani Anna Nagar Bakthsingh Street falls under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Thirusulam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This value ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Rani Anna Nagar Bakthsingh Street?

The current guideline value of Rani Anna Nagar Bakthsingh Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Rani Anna Nagar Bakthsingh Street?

Rani Anna Nagar Bakthsingh Street is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for Rani Anna Nagar Bakthsingh Street?

The Sub Registrar Office for Rani Anna Nagar Bakthsingh Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Thirusulam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 13,20,000 would incur a stamp duty of Rs 92,400 at a rate of 7%.