Guideline Value

Corporate

Guideline Value for ANNA SALAI 1ST MAIN ROAD

₹6100/sq.ft.

The guideline value for Anna Salai 1st Main Road 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 ₹2500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹410 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹367 /sq.ft.
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 Main Road

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Anna Salai 1st Main Road guideline value

The current guideline value of Anna Salai 1st Main Road is Rs 6,100 per sq.ft, effective from 1 July 2024. This road is located in Palavakkam village under the Neelankarai SRO, and the land classification is Residential Special Type - II.

How the guideline value of Anna Salai 1st Main Road has changed

The guideline value for Anna Salai 1st Main Road has seen several revisions over the years. In 2002, the guideline value was Rs 367 per sq.ft, which increased to Rs 410 per sq.ft in 2003. Following that, there was a significant rise to Rs 2,500 per sq.ft in 2007. The value then experienced a substantial increase to Rs 5,500 per sq.ft in 2012, before dropping to Rs 3,685 per sq.ft in 2017. The most recent revisions show an increase to Rs 5,500 per sq.ft in 2023, and then to Rs 6,100 per sq.ft in 2024.

Between the revisions, the changes were notable. From 2002 to 2003, the change was +12%. The period from 2003 to 2007 saw a remarkable +510% increase. However, from 2012 to 2017, there was a decrease of -33%. The guideline value then rose by +49% from 2017 to 2023, and the latest revision from 2023 to 2024 reflects an increase of +11%. Overall, from 2002 to 2024, the guideline value has increased by +1562%.

Guideline values in Palavakkam

In Palavakkam, there are 349 streets under the Neelankarai SRO that have 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 Main Road's 2024 figure above that median.

Stamp duty and registration fee for property in Anna Salai 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,100 per sq.ft, the total guideline value amounts to Rs 61,00,000. The stamp duty at 7% would be Rs 4,27,000, and the registration fee at 2% would be Rs 1,22,000, making the total costs together 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 Main Road?

The Sub Registrar Office that covers Anna Salai 1st Main Road 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 is a crucial factor in the registration process when buying or selling property in Palavakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Anna Salai 1st Main Road?

The current guideline value of Anna Salai 1st Main Road 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 changed significantly from Rs 367 per sq.ft in 2002 to Rs 6,100 per sq.ft in 2024, reflecting an overall increase of +1562% over this period.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions in Anna Salai 1st Main Road is 7%, while the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the median guideline value for streets in Palavakkam?

The median guideline value for the 349 streets in Palavakkam is Rs 3,300 per sq.ft, with Anna Salai 1st Main Road's 2024 figure being above this median.