Guideline Value

Corporate

Guideline Value for ANNA SALAI 3RD MAIN ROAD

₹6100/sq.ft.

The guideline value for Anna Salai 3rd 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 3rd Main Road

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Anna Salai 3rd Main Road guideline value

The current guideline value of Anna Salai 3rd Main Road is Rs 6,100 per sq.ft, effective from 1 July 2024. This street 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 3rd Main Road has changed

The guideline value for Anna Salai 3rd Main Road has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 367 per sq.ft. It increased to Rs 410 per sq.ft in 2003, followed by a significant rise to Rs 2,500 per sq.ft in 2007. The 2012 revision saw a decrease to Rs 5,500 per sq.ft, which remained unchanged until the 2017 revision, where it increased to Rs 3,685 per sq.ft. The value then rose to Rs 5,500 per sq.ft in 2023 before reaching the current rate of Rs 6,100 per sq.ft in 2024.

In terms of percentage changes, the guideline value increased by 11% from 2023 to 2024. There was a notable increase of 49% from 2017 to 2023. However, the value decreased by 33% from 2012 to 2017. The 2007 to 2012 period saw a significant increase of 120%, and from 2003 to 2007, the value surged by 510%. The change from 2002 to 2003 was a modest 12%. 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 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 3rd Main Road above that median.

Stamp duty and registration fee for property in Anna Salai 3rd 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 fees 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Salai 3rd Main Road?

The Sub Registrar Office that covers Anna Salai 3rd 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 details.

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

The guideline value is a critical factor 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 recorded accurately in the official records.

When a property is sold, the guideline value will influence the stamp duty and registration fees that need to be paid. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Anna Salai 3rd Main Road?

The current guideline value of Anna Salai 3rd Main Road is Rs 6,100 per sq.ft, effective from 1 July 2024.

How much 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 the years.

What is the land classification for Anna Salai 3rd Main Road?

The land classification for Anna Salai 3rd Main Road is Residential Special Type - II.

What are the stamp duty and registration fees for property 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.

Which Sub Registrar Office covers this street?

The Neelankarai Sub Registrar Office covers Anna Salai 3rd Main Road, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.