Guideline Value for Singal Office Salai / Anna Nagar

Singal Office Salai / Anna Nagar guideline value

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

How the guideline value of Singal Office Salai / Anna Nagar has changed

The guideline value for Singal Office Salai / Anna Nagar has seen significant changes over the years. In 2002, the value was Rs 228 per sq.ft. This increased to Rs 258 per sq.ft in 2003, marking a 13% rise. The value then saw a further increase to Rs 360 per sq.ft in 2007, which was a 40% jump from the previous year. The 2017 revision recorded a value of Rs 1,675 per sq.ft, reflecting a substantial 365% increase from 2007. However, there is no figure available for this street in the 2012 revision.

In 2023, the guideline value was revised to Rs 2,500 per sq.ft, which was a 49% increase from 2017. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, representing a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 1,106%.

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 in Pammal is Rs 2,090 per sq.ft, indicating that the 2024 guideline value for Singal Office Salai / Anna Nagar is above this median.

• Singal Office West Street, Anna Nagar: Rs 2,750 per sq.ft (2024)
• Sindalamman Koil Street: Rs 1,980 per sq.ft (2024)
• Sindalamman Koil 1st Street / VOC Nagar: Rs 2,750 per sq.ft (2024)
• Sigamani Street / Shivashankaran Nagar: Rs 1,980 per sq.ft (2024)
• Sigamani Street / Ganapathy Nagar: Rs 1,980 per sq.ft (2024)
• Shongvel Street / Thandai Periyar Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Singal Office Salai / 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 and the sale price.

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

Which Sub Registrar Office covers Singal Office Salai / Anna Nagar?

The Sub Registrar Office that covers Singal Office Salai / Anna Nagar is located at Pammal Sub Registrar Office, 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 the registration process when buying or selling property in Pammal. It serves as the basis for calculating stamp duty and registration fees, ensuring that the appropriate taxes are collected based on the property's value.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties and fees. This ensures that the government receives the correct amount of revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value of Singal Office Salai / Anna Nagar?

The current guideline value of Singal Office Salai / Anna Nagar is Rs 2,750 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 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 land classification for Singal Office Salai / Anna Nagar?

Singal Office Salai / Anna Nagar is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Singal Office Salai / Anna Nagar is charged at 7% of the guideline value or sale price, whichever is higher. The registration fee is 2% of the same value.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find more details online.