Guideline Value for ANNA SALAI / 1ST STREET & 2ND STREET

Anna Salai / 1st Street & 2nd Street guideline value

The current guideline value for Anna Salai / 1st Street & 2nd Street is Rs 1,550 per sq.ft, effective from 1 July 2024. This street is located in Manali village under the Thiruvottiyur SRO, classified as Mixed Type - III.

How the guideline value of Anna Salai / 1st Street & 2nd Street has changed

The guideline value for Anna Salai / 1st Street & 2nd Street has seen significant changes over the years. In 2002, the guideline value was Rs 171 per sq.ft, which increased to Rs 195 per sq.ft in 2003. Following this, there was a substantial increase to Rs 400 per sq.ft in 2007, and then a remarkable rise to Rs 1,400 per sq.ft in 2012. However, the value decreased to Rs 938 per sq.ft in 2017. The guideline value then rose to Rs 1,400 per sq.ft in 2023, with the latest revision in 2024 bringing it to Rs 1,550 per sq.ft.

Between the revisions, notable changes include a 250% increase from 2007 to 2012, a 49% increase from 2017 to 2023, and an 11% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 806%. There are no figures available for other revisions for this street.

Guideline values in Manali

In Manali village, there are 84 streets under the Thiruvottiyur SRO, with guideline values for 2024 ranging from Rs 1,001 to Rs 3,300 per sq.ft. The median value is Rs 1,200 per sq.ft, and Anna Salai / 1st Street & 2nd Street's 2024 figure of Rs 1,550 per sq.ft is above this median.

• Anna Street: Rs 1,500 per sq.ft (2024)
• Aringnar Anna Nagar / Cross Street: Rs 1,200 per sq.ft (2024)
• Anbazhagan Street: Rs 1,550 per sq.ft (2024)
• Aamullai Voyal Street: Rs 1,200 per sq.ft (2024)
• Balaraman Street: Rs 1,500 per sq.ft (2024)
• Bharathidasan Street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Salai / 1st Street & 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,550 per sq.ft, the total guideline value would be Rs 15,50,000. The stamp duty at 7% would amount to Rs 1,08,500, and the registration fee at 2% would be Rs 31,000, bringing the total to Rs 1,39,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Salai / 1st Street & 2nd Street?

The Sub Registrar Office that covers Anna Salai / 1st Street & 2nd Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Manali. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is transparent and fair.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential costs associated with the transaction. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Anna Salai / 1st Street & 2nd Street?

The current guideline value for Anna Salai / 1st Street & 2nd Street is Rs 1,550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 171 per sq.ft in 2002 to Rs 1,550 per sq.ft in 2024, with various fluctuations in between.

What is the median guideline value in Manali?

The median guideline value in Manali for 2024 is Rs 1,200 per sq.ft, with Anna Salai / 1st Street & 2nd Street's value being above this median.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 15,50,000, the stamp duty is Rs 1,08,500 and the registration fee is Rs 31,000, totaling Rs 1,39,500.

Where can I find the Sub Registrar Office for this street?

The Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019, covers Anna Salai / 1st Street & 2nd Street.