Guideline Value for Rajarajan Street (Anna Nagar)

Rajarajan Street (Anna Nagar) guideline value

The current guideline value of Rajarajan Street (Anna Nagar) is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village under the Pammal SRO and is classified as Commercial Class I Type - II.

How the guideline value of Rajarajan Street (Anna Nagar) has changed

The guideline value of Rajarajan Street (Anna Nagar) has seen significant changes over the years. In 2002, the guideline value was Rs 228 per sq.ft. This increased to Rs 258 per sq.ft in 2003, marking a 13% rise. By 2007, the value had risen to Rs 360 per sq.ft, which was a 40% increase from the previous revision. The 2017 revision saw a substantial jump to Rs 1,675 per sq.ft, reflecting a 365% increase. In 2023, the guideline value further increased to Rs 2,500 per sq.ft, a 49% rise from 2017. The latest revision in 2024 set the current value at Rs 2,750 per sq.ft, which is a 10% increase from 2023.

It is important to note that there is no figure available for Rajarajan Street in the 2012 revision. Overall, from 2002 to 2024, the guideline value has increased by 1,106%.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO with 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 Rajarajan Street's 2024 value above this median.

• Rajan Street / Meenakshi Nagar: Rs 1,980 per sq.ft (2024)
• Rajangam Street / VOC Nagar: Rs 2,750 per sq.ft (2024)
• Rajangam Street / Shivashankaran Nagar: Rs 1,980 per sq.ft (2024)
• Raja Street / Hindustan Lever Colony: Rs 2,530 per sq.ft (2024)
• Raja Street (M.C.): Rs 1,980 per sq.ft (2024)
• Rajamani Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Rajarajan 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, bringing the total fees to 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 detailed calculations.

Which Sub Registrar Office covers Rajarajan Street (Anna Nagar)?

The Sub Registrar Office that covers Rajarajan Street (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 information.

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

The guideline value is a crucial factor when registering property transactions in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, thereby affecting the total cost involved in the transaction.

Frequently asked questions

What is the current guideline value of Rajarajan Street (Anna Nagar)?

The current guideline value of Rajarajan 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 increased significantly from Rs 228 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 1,106% over this period.

What is the stamp duty rate for properties in Rajarajan Street (Anna Nagar)?

The stamp duty rate for properties in Rajarajan Street (Anna Nagar) is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the registration office for Rajarajan Street (Anna Nagar)?

The registration office for Rajarajan Street (Anna Nagar) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the median guideline value for streets in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft, which means Rajarajan Street's value is above this median.