Guideline Value

Corporate

Guideline Value for ANNA SALAI 4TH MAIN ROAD

₹6100/sq.ft.

The guideline value for Anna Salai 4th 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 4th Main Road

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Anna Salai 4th Main Road guideline value

The current guideline value of Anna Salai 4th 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 4th Main Road has changed

The guideline value of Anna Salai 4th Main Road has undergone several revisions over the years. The earliest recorded figure is from 2002, which was Rs 367 per sq.ft. This increased to Rs 410 per sq.ft in 2003, marking a 12% rise. The value saw significant growth in the following years, reaching Rs 2,500 per sq.ft in 2007, which is a 510% increase from the 2003 figure. In 2012, the guideline value was Rs 5,500 per sq.ft, reflecting a 120% increase from 2007. However, this figure dropped by 33% to Rs 3,685 per sq.ft in 2017.

In 2023, the guideline value was revised to Rs 5,500 per sq.ft, and then it increased by 11% to the current value of Rs 6,100 per sq.ft in 2024. Overall, from 2002 to 2024, the guideline value has increased by 1562%. There are no figures available for the revisions in years not mentioned in this summary.

Guideline values in Palavakkam

In Palavakkam, there are 349 streets under the Neelankarai SRO with 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, positioning Anna Salai 4th Main Road above this median.

Stamp duty and registration fee for property in Anna Salai 4th 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 costs together to Rs 5,49,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Salai 4th Main Road?

The Sub Registrar Office that covers Anna Salai 4th 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 during property registration in Palavakkam. It serves as the basis for calculating the stamp duty and registration fees that are required when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to determine the applicable duties and fees. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Anna Salai 4th Main Road?

The current guideline value of Anna Salai 4th 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 transactions?

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 area?

The Neelankarai Sub Registrar Office covers Anna Salai 4th 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 4th Main Road?

The land classification for Anna Salai 4th Main Road is Residential Special Type - II, indicating its designation for residential use.