Guideline Value for Anna Nedun Salai

Anna Nedun Salai guideline value

The current guideline value of Anna Nedun Salai is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village under the Pammal SRO, classified as Commercial Special Type - I.

How the guideline value of Anna Nedun Salai has changed

The guideline value for Anna Nedun Salai has seen significant changes over the years. In 2007, the guideline value was Rs 300 per sq.ft, which increased to Rs 1,675 per sq.ft in 2017, marking a substantial rise of 458%. The value further increased to Rs 2,500 per sq.ft in 2023, which is a 49% increase from the previous revision. The most recent revision in 2024 set the guideline value at Rs 2,750 per sq.ft, reflecting a 10% increase from 2023.

It is important to note that there are no figures available for the years 2002, 2003, and 2012 in the register for Anna Nedun Salai. Overall, from 2007 to 2024, the guideline value has increased by 817%.

Guideline values in Pozhichalur

In Pozhichalur village, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft, with a median value of Rs 1,320 per sq.ft. Anna Nedun Salai's 2024 guideline value is above this median.

• Anna Street: Rs 1,650 per sq.ft (2024)
• Annai Theresa Street: Rs 1,320 per sq.ft (2024)
• Annai Indra Gandhi Street: Rs 1,320 per sq.ft (2024)
• Annai Indra Gandhi 2nd Street: Rs 1,320 per sq.ft (2024)
• Anna Highways: Rs 2,750 per sq.ft (2024)
• Arokya Madha Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nedun Salai

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Nedun Salai?

The Sub Registrar Office that covers Anna Nedun Salai is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Pozhichalur

The guideline value is a crucial factor in the registration process when buying or selling property in Pozhichalur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anna Nedun Salai?

The current guideline value of Anna Nedun Salai is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 300 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, which is an overall increase of 817%.

What is the land classification of Anna Nedun Salai?

Anna Nedun Salai is classified as Commercial Special Type - I, indicating its commercial significance within the area.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000.