Guideline Value for Rani Anna Street

Rani Anna Street guideline value

The current guideline value of Rani Anna Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village under the Pammal Sub Registrar Office (SRO) and is classified as Residential Class II Type - II.

How the guideline value of Rani Anna Street has changed

The guideline value for Rani Anna Street has seen significant changes over the years. In 2002, the value was Rs 201 per sq.ft, which increased to Rs 228 per sq.ft in 2003, marking a 13% rise. The value then rose to Rs 360 per sq.ft in 2007, showing a 58% increase. By 2017, it had further increased to Rs 1,206 per sq.ft, reflecting a substantial 235% jump. The next revision in 2023 set the value at Rs 1,800 per sq.ft, a 49% increase from the previous figure. The latest revision in 2024 has raised it to Rs 1,980 per sq.ft, which is a 10% increase from 2023.

It is important to note that there is no figure available for Rani Anna Street in the 2012 revision. Overall, from 2002 to 2024, the guideline value has increased by 885%.

Guideline values in Pammal

Pammal village has 926 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft, with a median value of Rs 2,090 per sq.ft. The guideline value of Rani Anna Street at Rs 1,980 per sq.ft is below this median.

• Rani Anna Street, Sivasankaran Nagar: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600. Together, the total cost for these fees would be Rs 1,78,200. It is important to note that 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 Rani Anna Street?

The Sub Registrar Office that covers Rani Anna Street 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 details.

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

The guideline value plays a crucial role in property transactions in Pammal. It serves as a benchmark for determining the minimum value of a property for registration purposes. When a property is sold, the buyer and seller must ensure that the sale price meets or exceeds the guideline value to avoid any legal issues during registration.

Additionally, the guideline value is used to calculate the stamp duty and registration fees that must be paid at the time of property registration. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of Rani Anna Street?

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

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 201 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, which is an overall increase of 885% over the period.

What is the land classification for Rani Anna Street?

Rani Anna Street is classified as Residential Class II Type - II, indicating its suitability for residential development.

What are the stamp duty rates for properties in Pammal?

The stamp duty for properties in Pammal is charged at 7% of the guideline value or sale price, whichever is higher, along with a registration fee of 2%.

Where can I find the Sub Registrar Office for Rani Anna Street?

The Sub Registrar Office for Rani Anna Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.