Guideline Value for ANNA SALAI (WARD -6)

Anna Salai (Ward -6) guideline value

The current guideline value of Anna Salai (Ward -6) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Anna Salai (Ward -6) has changed

Over the years, the guideline value of Anna Salai (Ward -6) has seen several revisions. The earliest recorded revision available is from 2012, where the guideline value was Rs 2,000 per sq.ft. This was followed by a decrease in 2017, where the value dropped to Rs 1,340 per sq.ft, marking a decrease of 33%. However, the value rebounded significantly in the 2023 revision to Rs 2,000 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

In summary, the changes between the revisions are notable. From 2017 to 2023, there was a substantial increase of 49%. Overall, comparing the 2012 and 2024 figures, there has been a 10% increase in the guideline value.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, positioning Anna Salai (Ward -6) above this median.

• Anna Salai (Ward -8): Rs 2,200 per sq.ft (2024)
• Annibesant Iind Cross Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Annibesant Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Annai Moogambigai Nagar (Ward -19): Rs 661 per sq.ft (2024)
• Arivaanar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Annai Jayalakshmi Nagar (Kr): Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Salai (Ward -6)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Anna Salai (Ward -6)?

The Sub Registrar Office that covers Anna Salai (Ward -6) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role when buying or selling property in Peramanoor. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers should be aware that the guideline value may differ from the actual sale price, and the duty is charged based on the higher of the two amounts.

Understanding the guideline value is essential for both buyers and sellers, as it ensures compliance with local regulations during the property transaction process. It is advisable to check the latest guideline values before proceeding with any property dealings.

Frequently asked questions

What is the current guideline value of Anna Salai (Ward -6)?

The current guideline value of Anna Salai (Ward -6) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Anna Salai (Ward -6)?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,98,000.

Which office handles property registration for Anna Salai (Ward -6)?

The Chengleput Joint II Sub Registrar Office handles property registration for Anna Salai (Ward -6), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the correct amounts are paid according to local regulations.