Guideline Value for Staling Nagar 1st Street

Staling Nagar 1st Street guideline value

The current guideline value of Staling Nagar 1st Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Staling Nagar 1st Street has changed

In the 2017 revision, the guideline value was set at Rs 804 per sq.ft. This figure saw a significant increase in the 2023 revision to Rs 1,200 per sq.ft, marking a change of 49%. The most recent revision in 2024 raised the guideline value further to Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. The guideline value for Staling Nagar 1st Street is below this median.

• Staling Nagar 2nd Street: Rs 1,320 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 1,980 per sq.ft (2024)
• Subramani Bharathi 1st Cross Street: Rs 1,980 per sq.ft (2024)
• Subramani Bharathi 2nd Cross Street: Rs 1,980 per sq.ft (2024)
• Subramani Bharathi Street: Rs 1,980 per sq.ft (2024)
• Thandai Periyar Nagar 1st Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Staling Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty, charged at 7%, would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Staling Nagar 1st Street?

The Sub Registrar Office that covers Staling Nagar 1st Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during property registration in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are recorded accurately and transparently.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. Buyers must be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Staling Nagar 1st Street?

The current guideline value of Staling Nagar 1st Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 804 per sq.ft to Rs 1,320 per sq.ft in 2024, marking an overall increase of 64%.

What is the land classification for Staling Nagar 1st Street?

Staling Nagar 1st Street is classified as Residential Class II Type - II under the current guidelines.

Where can I find the Sub Registrar Office for Staling Nagar 1st Street?

The Sub Registrar Office for Staling Nagar 1st Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated for properties in Anakaputhur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 13,20,000 would incur a stamp duty of Rs 92,400 at a rate of 7%.