Guideline Value for Rajaji Street / Anna Nagar

Rajaji Street / Anna Nagar guideline value

The current guideline value of Rajaji 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, classified as Commercial Class I Type - II.

How the guideline value of Rajaji Street / Anna Nagar has changed

The guideline value for Rajaji Street / Anna Nagar has seen significant changes over the years. Starting from the 2002 revision, the value was Rs 258 per sq.ft. In 2003, it increased to Rs 292 per sq.ft, marking a 13% rise. The 2007 revision saw a further increase to Rs 360 per sq.ft, which was a 23% change. The value continued to climb to Rs 1,675 per sq.ft in 2017, reflecting a substantial 365% increase. The 2023 revision set the value at Rs 2,500 per sq.ft, a 49% increase from the previous figure. The current revision in 2024 has raised the guideline value to Rs 2,750 per sq.ft, which is a 10% increase from 2023. Notably, there is no figure available for this street in the 2012 revision.

Guideline values in Pammal

Pammal village has a total of 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 Rajaji Street / Anna Nagar's 2024 figure above this median.

• Rajaji Street / Hemanathapillai Avenue: Rs 1,760 per sq.ft (2024)
• Rajaji Street / VOC Nagar: Rs 2,750 per sq.ft (2024)
• Rajaji Square: Rs 1,760 per sq.ft (2024)
• Rajalakshmi Street / VOC Nagar: Rs 2,750 per sq.ft (2024)
• Rajalingam Street: Rs 1,760 per sq.ft (2024)
• Rajalingam Street, V.O.C Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Rajaji 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 amounts to 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. Together, these fees would total Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajaji Street / Anna Nagar?

The Sub Registrar Office that covers Rajaji 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 is a crucial factor when buying or selling property in Pammal, as it determines the minimum value at which a property can be registered. Buyers should be aware that the guideline value is used to calculate stamp duty and registration fees, which are mandatory during the registration process.

When a property is sold, the seller must ensure that the sale price is not lower than the guideline value to avoid penalties. This ensures that the transaction is compliant with local regulations and that the appropriate taxes are paid to the government.

Frequently asked questions

What is the current guideline value of Rajaji Street / Anna Nagar?

The current guideline value of Rajaji 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 changed significantly from Rs 258 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 966% across the revisions.

What is the registration fee for properties in Rajaji Street / Anna Nagar?

The registration fee for properties is calculated at 2% of the guideline value. For a property valued at Rs 27,50,000, the registration fee would be Rs 55,000.

Where is the Sub Registrar Office located for Rajaji Street / Anna Nagar?

The Sub Registrar Office for Rajaji Street / Anna Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

What is the significance of the guideline value when selling property?

The guideline value is used to determine the minimum registration value of a property. It ensures that the sale price is compliant with local regulations and that the appropriate taxes are paid during the registration process.