Guideline Value

Corporate

Guideline Value for ANNA SALAI 1ST CROSS STREET/SALAI

₹6100/sq.ft.

The guideline value for Anna Salai 1st Cross Street/salai 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 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
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 1st Cross Street/salai

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Anna Salai 1st Cross Street/Salai guideline value

The current guideline value of Anna Salai 1st Cross Street/Salai is Rs 6,100 per sq.ft, effective from 1 July 2024. This street is located in Palavakkam village under the Neelankarai SRO, classified as Residential Special Type - II.

How the guideline value of Anna Salai 1st Cross Street/Salai has changed

The guideline value for Anna Salai 1st Cross Street/Salai has undergone several revisions over the years. The 2012 revision set the value at Rs 5,500 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision increased the value to Rs 6,100 per sq.ft, marking an 11% increase from the previous year. The changes from 2012 to 2024 show an overall increase of 11%.

Looking at earlier revisions, the 2017 revision recorded a value of Rs 3,685 per sq.ft, which was a 49% increase from the 2012 figure. The 2012 to 2017 period saw a decrease of 33% from the 2012 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 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 1st Cross Street/Salai above this median.

Stamp duty and registration fee for property in Anna Salai 1st Cross Street/Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 6,100 per sq.ft, the total guideline value would be Rs 61,00,000. The stamp duty at 7% would amount to Rs 4,27,000, while the registration fee at 2% would be Rs 1,22,000, bringing the total cost to Rs 5,49,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Salai 1st Cross Street/Salai?

The Sub Registrar Office that covers Anna Salai 1st Cross Street/Salai 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Palavakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

During the registration process, the guideline value is used to calculate applicable fees such as stamp duty and registration fees. Buyers and sellers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Anna Salai 1st Cross Street/Salai?

The current guideline value of Anna Salai 1st Cross Street/Salai 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 seen several revisions, with the most recent increase being from Rs 5,500 per sq.ft in 2023 to Rs 6,100 per sq.ft in 2024, a change of 11%.

What is the land classification for Anna Salai 1st Cross Street/Salai?

Anna Salai 1st Cross Street/Salai is classified as Residential Special Type - II.

Where can I find the registration office for Anna Salai 1st Cross Street/Salai?

The registration office for Anna Salai 1st Cross Street/Salai is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

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

For a property valued at Rs 61,00,000, the stamp duty would be Rs 4,27,000 and the registration fee would be Rs 1,22,000, totaling Rs 5,49,000.