Guideline Value for ANANDI SALAI & NAGAR

Anandi Salai & Nagar guideline value

The current guideline value of Anandi Salai & Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Ponneri village under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Anandi Salai & Nagar has changed

The guideline value for Anandi Salai & Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 700 per sq.ft, which is a significant increase from the 2023 revision of Rs 300 per sq.ft, reflecting a change of +133%. The register does not have figures for the revisions in 2017, 2012, 2007, 2003, and 2002.

Prior to the 2023 revision, the guideline value for Anandi Salai & Nagar was not recorded in the register for the years mentioned. The current 2024 value aligns with the median of Rs 700 per sq.ft for the 120 streets in Ponneri under the Ponneri SRO, which range from Rs 201 to Rs 1,200 per sq.ft.

Guideline values in Ponneri

The guideline values for various streets in Ponneri indicate a diverse range, with Anandi Salai & Nagar's current value matching the median. Below are other streets in Ponneri with their respective guideline values:

• Ambedkar Street: Rs 700 per sq.ft (2024)
• Angamuthu Mudali St: Rs 1,200 per sq.ft (2024)
• Angamuthu Mudali Street: Rs 900 per sq.ft (2024)
• Ambedkar Nagar: Rs 700 per sq.ft (2024)
• Annai Avenue: Rs 700 per sq.ft (2024)
• Adhithya Garden: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Anandi Salai & Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anandi Salai & Nagar?

The Sub Registrar Office that covers Anandi Salai & Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204, in the Chennai registration zone. You can find your SRO for additional details.

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

The guideline value plays a crucial role in the registration process of property transactions in Ponneri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential for buyers to be aware of this value, as it affects the total cost of the transaction, including applicable duties and fees.

Frequently asked questions

What is the current guideline value of Anandi Salai & Nagar?

The current guideline value of Anandi Salai & Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 300 per sq.ft in 2023 to Rs 700 per sq.ft in 2024, marking a change of +133%.

What is the land classification for Anandi Salai & Nagar?

Anandi Salai & Nagar is classified as Residential Class II Type - I under the Ponneri SRO.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000, and the registration fee would be Rs 14,000, totaling Rs 63,000. The duty is charged on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Anandi Salai & Nagar located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles the registration of properties in the area.