Guideline Value for ANNA SALAI

Anna Salai guideline value

The current guideline value of Anna Salai in Saidapet village is Rs 13,200 per sq.ft, effective from 1 July 2024. This area falls under the Chennai South Joint II SRO and is classified as Commercial Special Type - I.

How the guideline value of Anna Salai has changed

The guideline value for Anna Salai has seen significant changes over the years. In 2002, the guideline value was Rs 2,233 per sq.ft, which increased to Rs 2,793 per sq.ft in 2003, marking a 25% rise. The value then surged dramatically to Rs 8,000 per sq.ft in 2007, reflecting a 186% increase. Following this, the value was set at Rs 12,000 per sq.ft in 2012, which represented a 50% increase from the previous revision. However, it dropped to Rs 8,040 per sq.ft in 2017, showing a decrease of 33%. The value rose again to Rs 12,000 per sq.ft in 2023, and currently, it stands at Rs 13,200 per sq.ft in 2024, indicating a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 491%. The register has no figures for any other years apart from those listed above.

Guideline values in Saidapet

In Saidapet, there are 106 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value for Anna Salai is notably above this median.

• Anna Nagar: Rs 3,300 per sq.ft (2024)
• Anjaneyar Koil Street: Rs 3,300 per sq.ft (2024)
• Andal Street: Rs 3,300 per sq.ft (2024)
• Amma Kannammal Street: Rs 3,300 per sq.ft (2024)
• Alandur Road: Rs 6,050 per sq.ft (2024)
• Abith Colony: Rs 4,400 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 13,200 per sq.ft, the total guideline value amounts to Rs 1,32,00,000. The stamp duty at 7% would be Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, totaling Rs 11,88,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Salai?

The Sub Registrar Office that covers Anna Salai is the Chennai South Joint II 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 Saidapet

The guideline value plays a crucial role in the registration of property transactions in Saidapet. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements.

During the registration process, the guideline value is compared to the sale price, and the higher of the two values is used to calculate the stamp duty. This ensures that the taxes are appropriately levied based on the property's value as determined by the government.

Frequently asked questions

What is the current guideline value of Anna Salai?

The current guideline value of Anna Salai is Rs 13,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 2,233 per sq.ft in 2002 to Rs 13,200 per sq.ft in 2024, reflecting an overall increase of 491%.

What is the land classification for Anna Salai?

Anna Salai is classified as Commercial Special Type - I under the Chennai South Joint II SRO.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 1,32,00,000, the total fees would amount to Rs 11,88,000.

Which Sub Registrar Office covers Anna Salai?

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