Guideline Value for Anna Salai (Highway)

Anna Salai (Highway) guideline value

The current guideline value of Anna Salai (Highway) is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Porur village and falls under the Kunrathur SRO. The land classification for this area is Mixed Special Type - I.

How the guideline value of Anna Salai (Highway) has changed

The guideline value for Anna Salai (Highway) has undergone several revisions over the years. In 2012, the value was set at Rs 4,500 per sq.ft. This figure remained unchanged until 2017, when it dropped to Rs 3,015 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 4,500 per sq.ft in 2023, and further rose to the current rate of Rs 4,950 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Between the 2017 and 2023 revisions, the guideline value saw a substantial increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no recorded figures for Anna Salai (Highway) in the revisions of 2002, 2003, and 2007.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value for these streets is Rs 3,960 per sq.ft, placing Anna Salai (Highway) above this median.

• Anna Salai: Rs 4,950 per sq.ft (2024)
• Annai Velankanni Avenue: Rs 4,290 per sq.ft (2024)
• Arcot Road: Rs 4,950 per sq.ft (2024)
• Annai Sathya Nagar Vth Street: Rs 3,520 per sq.ft (2024)
• Annai Sathya Nagar VIth Street: Rs 3,520 per sq.ft (2024)
• Annai Sathya Nagar VII th street: Rs 3,960 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Salai (Highway)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value would be Rs 49,50,000. The stamp duty at 7% would amount to Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, bringing the total fees to Rs 4,45,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Salai (Highway)?

The Anna Salai (Highway) area is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Porur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the fees, ensuring that both parties are aware of the financial obligations involved. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Anna Salai (Highway)?

The current guideline value of Anna Salai (Highway) is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, including a drop from Rs 4,500 per sq.ft in 2012 to Rs 3,015 per sq.ft in 2017, and a subsequent increase to Rs 4,950 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 49,50,000, the stamp duty would be Rs 3,46,500, and the registration fee would be Rs 99,000, totaling Rs 4,45,500.

Which Sub Registrar Office covers Anna Salai (Highway)?

The Kunrathur Sub Registrar Office covers Anna Salai (Highway), located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the guideline value determined for properties in Porur?

The guideline value is determined by the Registration Department's guideline value register and is used to assess the stamp duty and registration fees for properties in the area.