Guideline Value

Corporate

Guideline Value for ANNA SALAI 2ND MAIN ROAD

₹6100/sq.ft.

The guideline value for Anna Salai 2nd 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 2nd Main Road

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Anna Salai 2nd Main Road guideline value

The current guideline value of Anna Salai 2nd 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 is classified as Residential Special Type - II.

How the guideline value of Anna Salai 2nd Main Road has changed

The guideline value for Anna Salai 2nd Main Road has seen several revisions over the years. In 2002, the value was Rs 367 per sq.ft, which increased to Rs 410 per sq.ft in 2003. Following this, the value rose significantly to Rs 2,500 per sq.ft in 2007, marking an increase of 510%. The value then fluctuated, decreasing to Rs 5,500 per sq.ft in 2012, a drop of 33%. In 2017, it increased to Rs 3,685 per sq.ft, and then to Rs 5,500 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 6,100 per sq.ft, reflecting an increase of 11% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1562%. There are no figures available for the revisions in years other than those specified.

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 2nd Main Road above this median.

Stamp duty and registration fee for property in Anna Salai 2nd 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 would be Rs 61,00,000. The stamp duty at 7% would amount to Rs 4,27,000, and the registration fee at 2% would be Rs 1,22,000, bringing the total 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Salai 2nd Main Road?

The Anna Salai 2nd Main Road is covered by 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 details.

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

The guideline value is an essential reference for property transactions in Palavakkam. It is used to determine the stamp duty and registration fees when buying or selling property. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value serves as a benchmark for the minimum value on which stamp duty is calculated. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anna Salai 2nd Main Road?

The current guideline value of Anna Salai 2nd 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 and registration fees for property on this road?

For a 1,000 sq.ft plot, the total guideline value is Rs 61,00,000, leading to a stamp duty of Rs 4,27,000 and a registration fee of Rs 1,22,000, totaling Rs 5,49,000.

Which office handles registrations for Anna Salai 2nd Main Road?

The Neelankarai Sub Registrar Office handles registrations for Anna Salai 2nd Main Road, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the land classification for Anna Salai 2nd Main Road?

Anna Salai 2nd Main Road is classified as Residential Special Type - II, which influences its guideline value and potential uses.