Guideline Value for SRI PANJALI AMMAN NAGAR

Sri Panjali Amman Nagar guideline value

The current guideline value of Sri Panjali Amman Nagar is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Kolacheri village and falls under the Kunrathur SRO. The land classification is Residential Class I Type - I.

How the guideline value of Sri Panjali Amman Nagar has changed

The guideline value for Sri Panjali Amman Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which was then decreased to Rs 402 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 600 per sq.ft in the 2023 revision, and then to Rs 660 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a substantial increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kolacheri

In Kolacheri village, there are 13 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 2,450 per sq.ft. The median guideline value is Rs 660 per sq.ft, which is equal to the current figure for Sri Panjali Amman Nagar.

• Sri Ponniamman Nagar: Rs 660 per sq.ft (2024)
• Sri Rajarajeswari Nagar: Rs 660 per sq.ft (2024)
• Sri Karumariamman Nagar Phase I: Rs 660 per sq.ft (2024)
• Sri Karumariamman Nagar & Extn: Rs 660 per sq.ft (2024)
• Sri Karumariamman Nagar Annexe: Rs 660 per sq.ft (2024)
• Sri Janani Nagar: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Panjali Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, while the registration fee at 2% would be Rs 13,200, making the total cost for these fees Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Panjali Amman Nagar?

The Sub Registrar Office that covers Sri Panjali Amman Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kolacheri. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is considered to ensure that the fees are calculated accurately. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Panjali Amman Nagar?

The current guideline value of Sri Panjali Amman Nagar is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification of Sri Panjali Amman Nagar?

Sri Panjali Amman Nagar is classified as Residential Class I Type - I.

Where can I find the registration office for Sri Panjali Amman Nagar?

The registration office for Sri Panjali Amman Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Sri Panjali Amman Nagar?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 660 per sq.ft, the stamp duty would be Rs 46,200.