Guideline Value for ANNA SALAI WARD-1

Anna Salai Ward-1 guideline value

The current guideline value for Anna Salai Ward-1 in Chengalpattu Natham village is Rs 3,520 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint II SRO and is classified as Mixed Type - I land.

How the guideline value of Anna Salai Ward-1 has changed

In the 2012 revision, the guideline value was Rs 3,200 per sq.ft. Following this, the 2017 revision saw a decrease to Rs 2,144 per sq.ft, marking a drop of 33%. The value then increased significantly in the 2023 revision to Rs 3,200 per sq.ft, and the latest 2024 revision set it at Rs 3,520 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a modest increase of 10%. The 2017 revision did not have figures for this street in the register, nor did the revisions for 2002, 2003, and 2007.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft, with a median of Rs 2,200 per sq.ft. The guideline value for Anna Salai Ward-1 is above this median.

• Anna Salai Ward-2: Rs 3,520 per sq.ft (2024)
• Anna Salai (A) High Road: Rs 3,520 per sq.ft (2024)
• Annai Anjukam Nagar: Rs 1,100 per sq.ft (2024)
• Angalamman Koil Street: Rs 2,200 per sq.ft (2024)
• Aliyar Street: Rs 2,200 per sq.ft (2024)
• Bajar Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Salai Ward-1

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, making the total fees together Rs 3,16,800. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your stamp duty and registration fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Salai Ward-1?

The Sub Registrar Office that covers Anna Salai Ward-1 is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. It is used to calculate the stamp duty and registration fees that buyers and sellers must pay during the registration process.

When buying or selling property in Chengalpattu Natham, it is essential to be aware of the guideline value, as it can impact the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline values to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value for Anna Salai Ward-1?

The current guideline value for Anna Salai Ward-1 is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2012 to Rs 2,144 per sq.ft in 2017, then to Rs 3,200 per sq.ft in 2023, and finally to Rs 3,520 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Anna Salai Ward-1?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 3,16,800.

Which Sub Registrar Office covers Anna Salai Ward-1?

The Chengleput Joint II Sub Registrar Office covers Anna Salai Ward-1, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for Anna Salai Ward-1?

Anna Salai Ward-1 is classified as Mixed Type - I land, which is significant for determining its guideline value and usage regulations.