Guideline Value for ANNA SALAI (WARD -8)

Anna Salai (Ward -8) guideline value

The current guideline value of Anna Salai (Ward -8) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - I.

How the guideline value of Anna Salai (Ward -8) has changed

The guideline value of Anna Salai (Ward -8) has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, an increase from Rs 2,000 per sq.ft in 2023, marking a change of 10%. Prior to that, in 2017, the value was Rs 1,340 per sq.ft, which indicates a significant increase of 49% over six years. The 2012 revision also recorded a guideline value of Rs 2,000 per sq.ft, showing a decrease of 33% when compared to the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Thus, the revisions available are from 2012, 2017, 2023, and the current 2024 revision.

Guideline values in Kattankollatur

Kattankollatur has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in the village is Rs 1,100 per sq.ft, placing Anna Salai (Ward -8) above this median at Rs 2,200 per sq.ft.

• Anna Salai (Ward -6): 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)
• Aravanar Street: Rs 1,100 per sq.ft (2024)
• Annai Moogambigai Nagar (Ward -19): Rs 660 per sq.ft (2024)
• Arivaanar Street (Ward -4): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Salai (Ward -8)

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

Which Sub Registrar Office covers Anna Salai (Ward -8)?

The Sub Registrar Office that covers Anna Salai (Ward -8) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Kattankollatur. It serves as a benchmark for the registration of properties, ensuring that transactions are recorded at a value that reflects the current market conditions as determined by the government. This value is essential for calculating the applicable stamp duty and registration fees during the transaction process.

When a property is registered, the guideline value helps to ascertain the minimum value at which the property can be sold or purchased. This ensures transparency and fairness in property transactions, as it prevents undervaluation and ensures that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Anna Salai (Ward -8)?

The current guideline value of Anna Salai (Ward -8) 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 2023 to Rs 2,200 per sq.ft in 2024, an increase of 10%. From 2017 to 2023, it increased by 49% from Rs 1,340 per sq.ft to Rs 2,000 per sq.ft.

What is the land classification of Anna Salai (Ward -8)?

Anna Salai (Ward -8) is classified as Residential Special Type - I, indicating its suitability for residential purposes.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is stamp duty calculated for properties in Anna Salai (Ward -8)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at a rate of 7%.