Guideline Value for SHRI JAYA ANJENAYAR NAGAR

Shri Jaya Anjenayar Nagar guideline value

The current guideline value of Shri Jaya Anjenayar Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Pallikaranai village under the Chennai South Joint I SRO, and it falls under Residential Class IV Type - I land classification.

How the guideline value of Shri Jaya Anjenayar Nagar has changed

The guideline value for Shri Jaya Anjenayar Nagar has undergone several revisions over the years. In 2002, the value was Rs 66 per sq.ft, which increased to Rs 100 per sq.ft in 2003, marking a change of +52%. The value then saw a significant rise to Rs 400 per sq.ft in 2007, reflecting a change of +300%. By 2012, the value remained at Rs 1,500 per sq.ft, showing no change from the previous revision. In 2023, the guideline value was again Rs 1,500 per sq.ft, and in 2024, it increased to Rs 1,650 per sq.ft, representing a change of +10%.

It is important to note that there is no figure available for the year 2017 for this street. Overall, from 2002 to 2024, the guideline value has increased by +2400%, demonstrating significant growth over the years.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO, with the 2024 guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, which is equal to the current guideline value of Shri Jaya Anjenayar Nagar.

• Shri Karpaga Vinayagar Nagar: Rs 1,320 per sq.ft (2024)
• Shri Ganapathi Nagar: Rs 1,320 per sq.ft (2024)
• Shri Krishna Nagar: Rs 1,320 per sq.ft (2024)
• Shridharan V Nagar: Rs 2,200 per sq.ft (2024)
• Shri Balaji Nagar: Rs 1,320 per sq.ft (2024)
• Shri Ayya Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Shri Jaya Anjenayar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that stamp 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 a detailed calculation of your property transaction costs.

Which Sub Registrar Office covers Shri Jaya Anjenayar Nagar?

The Sub Registrar Office that covers Shri Jaya Anjenayar Nagar is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pallikaranai. It serves as a benchmark for determining the minimum sale price of a property, ensuring that transactions are conducted transparently and fairly.

When you register a property, the stamp duty and registration fees are calculated based on the guideline value or the actual sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Shri Jaya Anjenayar Nagar?

The current guideline value of Shri Jaya Anjenayar Nagar is Rs 1,650 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 66 per sq.ft in 2002 to Rs 1,650 per sq.ft in 2024, an overall increase of +2400% over the years.

What is the role of the Chennai South Joint I SRO?

The Chennai South Joint I SRO is responsible for maintaining the guideline value register and overseeing property registrations in the Pallikaranai area.

How is stamp duty calculated in Shri Jaya Anjenayar Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2% of the guideline value.

Where can I find more information about my Sub Registrar Office?

You can find more information about your Sub Registrar Office by visiting the find your SRO link.