Guideline Value for ANNA SALAI

Anna Salai guideline value

The current guideline value of Anna Salai in Karambakkam village is Rs 1,110 per sq.ft, effective from 1 July 2024. This area falls under the Chennai South Joint I SRO and is classified as Residential Class IV Type - II.

How the guideline value of Anna Salai has changed

The guideline value for Anna Salai has undergone several revisions over the years. In 2002, the value was Rs 131 per sq.ft, which increased to Rs 151 per sq.ft in 2003. Following this, the value rose significantly to Rs 350 per sq.ft in 2007. However, in 2012, it saw a decrease to Rs 1,000 per sq.ft, which remained unchanged until the next revision in 2017, where it increased to Rs 670 per sq.ft. The most recent revisions occurred in 2023 and 2024, with the value increasing from Rs 1,000 per sq.ft in 2023 to Rs 1,110 per sq.ft in 2024.

The changes between these revisions are notable. From 2002 to 2024, the overall increase is 747%. The transition from 2023 to 2024 saw an increase of 11%, while the change from 2017 to 2023 was a substantial 49%. The 2012 to 2017 period experienced a decline of 33%, while the 2007 to 2012 period showed a remarkable increase of 186%. The 2003 to 2007 revision had a rise of 132%, and the 2002 to 2003 revision was a modest increase of 15%.

Guideline values in Karambakkam

In Karambakkam, there are 159 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median value for these streets is Rs 1,930 per sq.ft, indicating that Anna Salai's 2024 figure is below this median.

• Arcot Road: Rs 5,500 per sq.ft (2024)
• Arunachalam Garden 1st Street: Rs 1,930 per sq.ft (2024)
• Arunachalam Garden 2nd Street: Rs 1,930 per sq.ft (2024)
• Arunachalam Garden Main Road: Rs 1,930 per sq.ft (2024)
• Arunachalam Nagar 1st Street: Rs 1,930 per sq.ft (2024)
• Arunachalam Nagar 2nd Street: Rs 1,930 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,110 per sq.ft, the total guideline value amounts to Rs 11,10,000. The stamp duty at 7% would be Rs 77,700, and the registration fee at 2% would be Rs 22,200, bringing the total to Rs 99,900. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Salai?

The Sub Registrar Office that covers Anna Salai is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Karambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in the buying and selling process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these costs are based on the higher of the guideline value or the actual sale price, which can impact the overall expenses involved in the transaction.

Frequently asked questions

What is the current guideline value of Anna Salai?

The current guideline value of Anna Salai is Rs 1,110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 131 in 2002 to Rs 1,110 in 2024, with various revisions in between, including increases and one decrease.

What is the land classification for Anna Salai?

Anna Salai is classified as Residential Class IV Type - II under the Chennai South Joint I SRO.

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

For a property valued at Rs 11,10,000, the stamp duty would be Rs 77,700 and the registration fee would be Rs 22,200, totaling Rs 99,900.

Where can I find the Sub Registrar Office for Anna Salai?

The Sub Registrar Office for Anna Salai is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.