Guideline Value for ANNA SALAI

Anna Salai guideline value

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

How the guideline value of Anna Salai has changed

Since the 2003 revision, the guideline value for Anna Salai has seen significant changes. In 2003, the value was Rs 140 per sq.ft, which increased to Rs 200 per sq.ft in 2007. The 2012 revision saw a further increase to Rs 1,500 per sq.ft, but this was followed by a decrease to Rs 1,005 per sq.ft in 2017. The 2023 revision then raised the value to Rs 1,500 per sq.ft, culminating in the current rate of Rs 1,700 per sq.ft in 2024.

Overall, from 2003 to 2024, the guideline value has increased by 1114%. The changes between the revisions include a 43% increase from 2003 to 2007, a substantial 650% increase from 2007 to 2012, a decrease of 33% from 2012 to 2017, and a 49% increase from 2017 to 2023, followed by a 13% increase from 2023 to 2024.

Guideline values in Chemmancheri

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% is Rs 1,19,000, and the registration fee at 2% is Rs 34,000, bringing the total fees together to 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 accurate calculations based on your specific property details.

Which Sub Registrar Office covers Anna Salai?

The Sub Registrar Office that covers Anna Salai is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. For more information, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Chemmancheri. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This ensures that the government collects the appropriate taxes based on the established value of the property.

During the registration process, buyers and sellers must refer to the guideline value to calculate the necessary fees. This value is considered a benchmark for property transactions in the area, ensuring transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Anna Salai?

The current guideline value of Anna Salai 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 significantly from Rs 140 per sq.ft in 2003 to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of 1114% over this period.

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

For a property valued at Rs 17,00,000, the stamp duty is Rs 1,19,000 and the registration fee is Rs 34,000, totaling Rs 1,53,000.

Which office handles property registrations for Anna Salai?

The Neelankarai Sub Registrar Office handles property registrations for Anna Salai, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the land classification for Anna Salai?

Anna Salai is classified as Residential Class IV Type - I, which indicates its designation for residential use within the area.