Guideline Value for Venkateswara Nagar Anna Street

Venkateswara Nagar Anna Street guideline value

The current guideline value of Venkateswara Nagar Anna Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village and falls under the Pammal SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Venkateswara Nagar Anna Street has changed

The guideline value for Venkateswara Nagar Anna Street has seen several revisions over the years. The oldest recorded figure is from the 2017 revision at Rs 1,206 per sq.ft. This was followed by a significant increase to Rs 1,800 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO with a 2024 guideline value 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, which is equal to the guideline value of Venkateswara Nagar Anna Street.

• Venkateswara Nagar Anna 1st Street: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar Bharathidasan Street: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar Duraisamy Street: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar 2nd Street, 2nd Cross Street: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar 2nd Street, 1st Cross Street: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar Extn: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Venkateswara Nagar Anna Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, making the total cost for stamp duty and registration Rs 1,78,200. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Venkateswara Nagar Anna Street?

The Sub Registrar Office that covers Venkateswara Nagar Anna 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 during property registration in Anakaputhur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. This ensures that the transaction is recorded at a value recognized by the government.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used for calculating the applicable duties and fees. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Venkateswara Nagar Anna Street?

The current guideline value of Venkateswara Nagar Anna Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 64%, starting from Rs 1,206 per sq.ft to the current Rs 1,980 per sq.ft in 2024.

What are the stamp duty rates applicable in Venkateswara Nagar Anna Street?

The stamp duty rate applicable in Venkateswara Nagar Anna Street is 7%, while the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Where can I find more information about the Pammal SRO?

More information about the Pammal Sub Registrar Office can be found by visiting the official website or using the find your SRO link.

What is the land classification for Venkateswara Nagar Anna Street?

The land classification for Venkateswara Nagar Anna Street is Residential Class I Type - I, indicating its suitability for residential development.