Guideline Value for Rani Anna Street, Sivasankaran Nagar

Rani Anna Street, Sivasankaran Nagar guideline value

The current guideline value for Rani Anna Street, Sivasankaran Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Rani Anna Street, Sivasankaran Nagar has changed

The guideline value for Rani Anna Street has seen several revisions over the years. In 2017, the guideline value was Rs 1,206 per sq.ft, which increased to Rs 1,800 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 1,980 per sq.ft, marking a significant increase of 64% from the 2017 figure. Notably, there are no recorded figures for this street in the years 2002, 2003, 2007, and 2012.

From 2023 to 2024, the guideline value increased by 10%. The jump from 2017 to 2023 was even more substantial, with a 49% increase. Overall, the guideline value has risen significantly over the years, reflecting changes in the local real estate landscape.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Rani Anna Street's 2024 figure below this median.

• Rani Anna Street: Rs 1,980 per sq.ft (2024)
• Ranjan Street, Samundeswari Nagar: Rs 1,980 per sq.ft (2024)
• Rangaswamy Street / Thiruvalluvar Nagar: Rs 2,475 per sq.ft (2024)
• Rangaswamy Street / Thirunagar: Rs 1,980 per sq.ft (2024)
• Rasammal Street, Meenakshi Nagar: Rs 1,980 per sq.ft (2024)
• Rathinam Street / Ambdekar Nagar: Rs 1,760 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total cost for these fees to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Rani Anna Street, Sivasankaran Nagar?

The Sub Registrar Office that covers Rani Anna Street, Sivasankaran Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, within the Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pammal. It is used to determine the stamp duty and registration fees payable, ensuring that these costs are calculated based on the official valuation of the property.

When engaging in a property transaction, both buyers and sellers should be aware of the guideline value as it directly impacts the financial obligations during the registration process. Understanding this value can help in planning the overall budget for property transactions.

Frequently asked questions

What is the current guideline value for Rani Anna Street?

The current guideline value for Rani Anna Street, Sivasankaran Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, showing a total increase of 64% over this period.

What is the median guideline value for streets in Pammal?

The median guideline value for the 926 streets in Pammal is Rs 2,090 per sq.ft, which means Rani Anna Street's 2024 figure is below this median.

What are the stamp duty and registration fees for a property on Rani Anna Street?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Where is the Sub Registrar Office for Rani Anna Street located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, within the Chengalpattu registration zone.