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Guideline Value

Corporate

Guideline Value for ANNA SALAI (NEW COLONY)

₹6100/sq.ft.

The guideline value for Anna Salai (new Colony) in Palavakkam village (Neelankarai SRO, Chennai zone) is Rs 6100 per sq.ft, effective 1 July 2024. It was Rs 5500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Palavakkam

Village

Neelankarai

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹6100 /sq.ft.
From 1-4-2023 ₹5500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3685 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹301 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹269 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Anna Salai (new Colony)

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Anna Salai (New Colony) guideline value

The current guideline value of Anna Salai (New Colony) is Rs 6,100 per sq.ft, effective from 1 July 2024. This area is located in Palavakkam village and falls under the Neelankarai SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Anna Salai (New Colony) has changed

The guideline value for Anna Salai (New Colony) has seen significant changes over the years. The earliest recorded revision was in 2002, with a guideline value of Rs 269 per sq.ft. This figure increased to Rs 301 per sq.ft in 2003, marking a 12% rise. Following this, the value experienced a substantial increase of 731% to reach Rs 2,500 per sq.ft in 2007. In 2012, the value changed to Rs 5,500 per sq.ft, reflecting a 120% increase from the previous revision. However, it then decreased by 33% to Rs 3,685 per sq.ft in 2017.

From 2017 to 2023, the guideline value rose by 49% to Rs 5,500 per sq.ft. The most recent revision in 2024 set the value at Rs 6,100 per sq.ft, an increase of 11% from the previous year. There are no figures recorded for the years not mentioned in the register for this street.

Guideline values in Palavakkam

In Palavakkam, there are 349 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing Anna Salai (New Colony) above this median.

Stamp duty and registration fee for property in Anna Salai (New Colony)

For a 1,000 sq.ft plot at the current guideline value of Rs 6,100 per sq.ft, the total guideline value amounts to Rs 61,00,000. The stamp duty is charged at 7%, which totals Rs 4,27,000, and the registration fee at 2% amounts to Rs 1,22,000. Therefore, the combined total for these fees is Rs 5,49,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Salai (New Colony)?

The Sub Registrar Office that covers Anna Salai (New Colony) is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration process of property transactions in Palavakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. It is essential for buyers and sellers to be aware of this value, as it can influence the total costs involved in the property transfer process.

Frequently asked questions

What is the current guideline value of Anna Salai (New Colony)?

The current guideline value of Anna Salai (New Colony) is Rs 6,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 269 per sq.ft in 2002 to Rs 6,100 per sq.ft in 2024, showing an overall increase of 2168% across the years.

What is the land classification for Anna Salai (New Colony)?

The land classification for Anna Salai (New Colony) is Residential Special Type - II.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in Anna Salai (New Colony)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Registration fees are charged at 2% of the guideline value.