Guideline Value for Staling Nagar 2nd Street

Staling Nagar 2nd Street guideline value

The current guideline value of Staling Nagar 2nd Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, classified as Residential Class II Type - II.

How the guideline value of Staling Nagar 2nd Street has changed

The guideline value for Staling Nagar 2nd Street has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 1,320 per sq.ft, which is an increase from Rs 1,200 per sq.ft in the 2023 revision. This change represents a 10% increase. Looking back further, the guideline value was Rs 804 per sq.ft in 2017, marking a significant rise of 49% to the 2023 figure. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions in 2012, 2007, 2003, and 2002 for Staling Nagar 2nd Street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO with guideline values ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, indicating that Staling Nagar 2nd Street's 2024 figure is below this median.

• Staling Nagar 1st 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 2nd Street

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

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

Which Sub Registrar Office covers Staling Nagar 2nd Street?

The Sub Registrar Office that covers Staling Nagar 2nd 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 plays a crucial role in the registration process when buying or selling property in Anakaputhur. It serves as a reference point for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Staling Nagar 2nd Street?

The current guideline value of Staling Nagar 2nd Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, 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 stamp duty rate for properties in Staling Nagar 2nd Street?

The stamp duty rate for properties in Staling Nagar 2nd Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Staling Nagar 2nd Street?

The Sub Registrar Office for Staling Nagar 2nd Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is compared with the sale price, and the higher value is used for calculating the applicable duties and fees.