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 Ninna Karai 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. In 2012, the guideline value was Rs 2,000 per sq.ft, which decreased to Rs 1,340 per sq.ft in 2017. Following this, the value increased to Rs 2,000 per sq.ft in 2023, and then to Rs 2,200 per sq.ft in 2024. The register has no figures for this street in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. The overall change from 2012 to 2024 shows a modest increase of 10%.

Guideline values in Ninna Karai

Ninna Karai village has 449 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 3,500 per sq.ft. The median value is Rs 1,100 per sq.ft, placing Anna Salai (Ward -8) above this median.

• Anna Salai (Ward -6): Rs 2,200 per sq.ft (2024)
• Annibesant Iind Cross Street (Ward -8): Rs 1,321 per sq.ft (2024)
• Annibesant Street (Ward -8): Rs 1,321 per sq.ft (2024)
• Annai Moogambigai Nagar (Ward -19): Rs 660 per sq.ft (2024)
• Arivaanar Street (Ward -4): Rs 1,321 per sq.ft (2024)
• Arivudai Nambi Street (Ward -6): Rs 1,321 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, while the registration fee at 2% would be Rs 44,000. Together, the total cost for these fees would be Rs 1,98,000. Please note that duty is charged on the higher of the guideline value or the sale price. You can use our 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 Ninna Karai

The guideline value is a critical figure used during the registration of property transactions in Ninna Karai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives its due revenue from property transactions.

When buying or selling property, the guideline value will be considered alongside the sale price. The higher of the two will be used to determine the applicable stamp duty and registration fees, making it essential for buyers and sellers to be aware of the current guideline value.

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 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the median guideline value in Ninna Karai?

The median guideline value in Ninna Karai is Rs 1,100 per sq.ft, with Anna Salai (Ward -8) above this median at Rs 2,200 per sq.ft.

What are the stamp duty rates for property in Anna Salai (Ward -8)?

The stamp duty rate for property in Anna Salai (Ward -8) is 7% of the guideline value or sale price, whichever is higher.

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.