Guideline Value for ANNA SALAI 2ND STREET

Anna Salai 2nd Street guideline value

The current guideline value of Anna Salai 2nd Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Chemmancheri village and falls under the Neelankarai SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Anna Salai 2nd Street has changed

Over the years, the guideline value of Anna Salai 2nd Street has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the latest 2024 revision has raised it to Rs 1,700 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

The changes between these revisions are significant. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows a slight increase of 13%.

Guideline values in Chemmancheri

In Chemmancheri, there are 195 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 1,700 per sq.ft, which is the same as the current guideline value for Anna Salai 2nd Street.

• Anna Salai 1st Street: Rs 1,700 per sq.ft (2024)
• Anna Salai: Rs 1,700 per sq.ft (2024)
• Anna Salai West Street: Rs 1,700 per sq.ft (2024)
• Annamalai Garden: Rs 1,700 per sq.ft (2024)
• Aqua Sphero: Rs 3,300 per sq.ft (2024)
• Arasan Garden: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Salai 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total fees to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Salai 2nd Street?

The Sub Registrar Office that covers Anna Salai 2nd Street 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 details.

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

The guideline value plays a crucial role during the registration of property transactions in Chemmancheri. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must be aware of the guideline value to ensure they comply with legal requirements.

When registering a property, the guideline value is compared with the sale price, and the higher amount is used to calculate the stamp duty. 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 Street?

The current guideline value of Anna Salai 2nd Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What are the other streets in Chemmancheri with the same guideline value?

Other streets in Chemmancheri with the same guideline value of Rs 1,700 per sq.ft include Anna Salai 1st Street, Anna Salai, Anna Salai West Street, and Annamalai Garden.

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 17,00,000, the total fees would be Rs 1,53,000.

Which office handles property registrations for Anna Salai 2nd Street?

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