Guideline Value for ANNA SALAI WEST STREET

Anna Salai West Street guideline value

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

How the guideline value of Anna Salai West Street has changed

The guideline value for Anna Salai West Street has undergone several revisions over the years. As per the records, 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 2017. Following this, the value increased significantly to Rs 1,500 per sq.ft in the 2023 revision, and finally, it rose to Rs 1,700 per sq.ft in 2024.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023, and then by 13% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has seen a net increase of 13%. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Chemmancheri

In Chemmancheri village, there are 195 streets under the Neelankarai SRO that carry a guideline value for 2024, ranging from Rs 1,000 to Rs 6,600 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, which is the same as the current guideline value for Anna Salai West Street.

• Anna Salai 2nd Street: Rs 1,700 per sq.ft (2024)
• Anna Salai 1st Street: Rs 1,700 per sq.ft (2024)
• Anna Salai: 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 West Street

For a property measuring 1,000 sq.ft 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, while the registration fee at 2% would be Rs 34,000. Together, these fees total 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Salai West Street?

The Sub Registrar Office that covers Anna Salai West 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 information.

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

The guideline value is a crucial factor when registering a property in Chemmancheri. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased. When a property transaction occurs, the registration office uses the guideline value to calculate the applicable stamp duty and registration fees.

When you buy or sell property, the guideline value ensures that the transaction is documented accurately and fairly. It helps maintain transparency in property dealings and provides a reference point for both buyers and sellers during the registration process.

Frequently asked questions

What is the current guideline value of Anna Salai West Street?

The current guideline value of Anna Salai West 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 several times, with the most recent increase being from Rs 1,500 per sq.ft in 2023 to Rs 1,700 per sq.ft in 2024. Overall, from 2012 to 2024, the value has increased by 13%.

What is the land classification for Anna Salai West Street?

Anna Salai West Street falls under the Residential Class IV Type - I land classification.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 17,00,000 would incur a stamp duty of Rs 1,19,000 at 7%.