Guideline Value for RANI ANNA NAGAR

Rani Anna Nagar guideline value

The current guideline value of Rani Anna Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This area 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 has changed

The guideline value for Rani Anna Nagar has undergone several revisions over the years. In 2012, the value was set at Rs 1,200 per sq.ft. This figure decreased to Rs 804 per sq.ft in the 2017 revision, marking a significant drop of 33%. However, the value increased to Rs 1,000 per sq.ft in the 2023 revision, reflecting a rise of 24%. The most recent revision in 2024 set the guideline value at Rs 1,320 per sq.ft, which is an increase of 32% from the previous year.

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

Guideline values in Thirusulam

In Thirusulam, there are 74 streets under the Pallavaram SRO that carry a guideline value for 2024, 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, which means that Rani Anna Nagar's 2024 figure is below this median.

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

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, while the registration fee at 2% would be Rs 26,400. Together, these fees would total Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rani Anna Nagar?

The Sub Registrar Office that covers Rani Anna Nagar is 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 details.

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

The guideline value plays a crucial role in property transactions in Thirusulam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This ensures that the government receives the appropriate revenue based on the official value of the property.

When selling property, the guideline value can also influence the sale price, as it provides a benchmark for both buyers and sellers. However, the actual sale price may vary depending on various factors, but the guideline value remains a key reference point during the registration process.

Frequently asked questions

What is the current guideline value of Rani Anna Nagar?

The current guideline value of Rani Anna Nagar 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 increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the stamp duty for property in Rani Anna Nagar?

The stamp duty for property in Rani Anna Nagar is 7% of the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Rani Anna Nagar?

The Pallavaram Sub Registrar Office covers Rani Anna Nagar, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What are the guideline values of other streets in Thirusulam?

Other streets in Thirusulam have a guideline value ranging from Rs 1,080 to Rs 2,750 per sq.ft, with the median being Rs 1,940 per sq.ft. Rani Anna Nagar's value is below this median.