Guideline Value for ANNA SALAI WARD-2

Anna Salai Ward-2 guideline value

The current guideline value of Anna Salai Ward-2, located in Chengalpattu Natham village, is Rs 3,520 per sq.ft. This value is effective from 1 July 2024 and is classified under Mixed Type - I land classification within the Chengleput Joint II SRO.

How the guideline value of Anna Salai Ward-2 has changed

Over the years, the guideline value of Anna Salai Ward-2 has seen several revisions. The 2012 revision set the value at Rs 3,200 per sq.ft, which was then reduced to Rs 2,144 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 3,200 per sq.ft, and the most recent 2024 revision has raised it further to Rs 3,520 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Examining the changes, the guideline value increased by 10% from 2023 to 2024. From 2017 to 2023, there was a significant increase of 49%. However, the value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 value of Rs 2,200 per sq.ft. The guideline value of Anna Salai Ward-2 is above this median.

• Anna Salai Ward-1: 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-2

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, bringing the total fees together to Rs 3,16,800. 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 detailed calculations.

Which Sub Registrar Office covers Anna Salai Ward-2?

The Sub Registrar Office covering Anna Salai Ward-2 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 critical factor during the registration of property transactions in Chengalpattu Natham. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair value of the property. It is essential for buyers to be aware of the guideline value to avoid overpaying and for sellers to set realistic expectations regarding the sale price.

Frequently asked questions

What is the current guideline value of Anna Salai Ward-2?

The current guideline value of Anna Salai Ward-2 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, and then to Rs 3,200 per sq.ft in 2023, before reaching Rs 3,520 per sq.ft in 2024.

What is the land classification for Anna Salai Ward-2?

Anna Salai Ward-2 is classified under Mixed Type - I land classification, which indicates a mix of residential and commercial usage.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Tamil Nadu.

How is stamp duty calculated in Anna Salai Ward-2?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable on the guideline value.