Guideline Value for ANNA NAGAR SELLUM SALAI

Anna Nagar Sellum Salai guideline value

The current guideline value of Anna Nagar Sellum Salai is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Vengathur village under the Manavalanagar SRO and is classified as Commercial Class I Type - III.

How the guideline value of Anna Nagar Sellum Salai has changed

Over the years, the guideline value of Anna Nagar Sellum Salai has seen several revisions. In 2007, the value was Rs 150 per sq.ft, which increased significantly to Rs 1,300 per sq.ft in 2012. However, it dropped to Rs 871 per sq.ft in 2017, before rising again to Rs 1,300 per sq.ft in both 2023 and the upcoming 2024 revision. The register has no figure for this street in 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The value remained unchanged from 2023 to 2024, reflecting a 0% change. Overall, from 2007 to 2024, the guideline value has increased by 767%.

Guideline values in Vengathur

In Vengathur village, there are 186 streets under the Manavalanagar SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, making the guideline value of Anna Nagar Sellum Salai above the median.

• Anna Street: Rs 1,300 per sq.ft (2024)
• Arumugam Street: Rs 1,300 per sq.ft (2024)
• Anbazhagan Street: Rs 1,300 per sq.ft (2024)
• Amman Street: Rs 800 per sq.ft (2024)
• Awaiyar Street: Rs 1,000 per sq.ft (2024)
• Awwai Street: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar Sellum Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, making the total fees Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Anna Nagar Sellum Salai?

The Anna Nagar Sellum Salai falls under the jurisdiction of the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for additional details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vengathur. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair price as per the government's regulations.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anna Nagar Sellum Salai?

The current guideline value of Anna Nagar Sellum Salai is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, showing an overall increase of 767% from 2007 to 2024.

What is the stamp duty rate for properties in Anna Nagar Sellum Salai?

The stamp duty rate for properties in Anna Nagar Sellum Salai is 7%, calculated on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office located for Anna Nagar Sellum Salai?

The Sub Registrar Office for Anna Nagar Sellum Salai is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.

What are the guideline values for other streets in Vengathur?

Other streets in Vengathur have a guideline value ranging from Rs 500 to Rs 2,000 per sq.ft, with the median being Rs 1,000 per sq.ft. Anna Nagar Sellum Salai's value of Rs 1,300 per sq.ft is above this median.