Guideline Value for Radhakrishnan Salai / Anna Nagar

Radhakrishnan Salai / Anna Nagar guideline value

The current guideline value for Radhakrishnan Salai / Anna Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is located in Pammal village, under the Pammal SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Radhakrishnan Salai / Anna Nagar has changed

The guideline value for Radhakrishnan Salai / Anna Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 228 per sq.ft, which increased to Rs 258 per sq.ft in 2003, marking a 13% rise. By 2007, the value further increased to Rs 360 per sq.ft, representing a 40% increase from the previous revision. However, there are no figures available for the years 2012 and 2017.

In 2023, the guideline value was revised to Rs 2,500 per sq.ft, and then it rose to Rs 2,750 per sq.ft in 2024, reflecting a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 1,106%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values for 2024 ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 2,090 per sq.ft, placing Radhakrishnan Salai / Anna Nagar above this median.

• Ragavan Street: Rs 1,980 per sq.ft (2024)
• Ragavan Street, Sivasankaran Nagar: Rs 1,980 per sq.ft (2024)
• Puspagiri Street: Rs 1,760 per sq.ft (2024)
• Rahgupathy Street (T.S.) / Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Pulavar Jeganathan Street / Pasumpon nagar: Rs 1,980 per sq.ft (2024)
• Pugazenthi Street / Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)

Stamp duty and registration fee for property in Radhakrishnan Salai / 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 be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making a total of Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Radhakrishnan Salai / Anna Nagar?

The Sub Registrar Office covering Radhakrishnan Salai / Anna Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Pammal. It is used to determine the stamp duty and registration fees applicable when buying or selling property. The guideline value is set by the Registration Department and reflects the market rates in the area.

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

Frequently asked questions

What is the current guideline value of Radhakrishnan Salai / Anna Nagar?

The current guideline value for Radhakrishnan Salai / 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 changed significantly from Rs 228 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, an overall increase of 1,106%.

What are the other streets in Pammal with their guideline values?

Other streets in Pammal include Ragavan Street at Rs 1,980 per sq.ft, Puspagiri Street at Rs 1,760 per sq.ft, and Pugazenthi Street at Rs 2,475 per sq.ft, among others.

What is the stamp duty for property in Radhakrishnan Salai / Anna Nagar?

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

Where is the Sub Registrar Office for Radhakrishnan Salai / Anna Nagar located?

The Sub Registrar Office for Radhakrishnan Salai / Anna Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.