Guideline Value for Anna Salai (Mount Road)

Anna Salai (Mount Road) guideline value

The current guideline value of Anna Salai (Mount Road) is Rs 20,900 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village and falls under the Triplicane SRO. The land classification for this area is Commercial Special Type - I.

How the guideline value of Anna Salai (Mount Road) has changed

In the 2012 revision, the guideline value was Rs 19,000 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 19,000 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 20,900 per sq.ft, marking a 10% rise from the previous year.

Overall, from 2012 to 2024, there has been a 10% increase in the guideline value for Anna Salai (Mount Road). The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median guideline value for these streets is Rs 6,600 per sq.ft, placing Anna Salai (Mount Road) above this median.

• Annasami Lane: Rs 6,600 per sq.ft (2024)
• Anna sami Street: Rs 6,600 per sq.ft (2024)
• Appavoo Gramani Lane: Rs 7,700 per sq.ft (2024)
• Appavoo Gramani Street: Rs 7,700 per sq.ft (2024)
• Arimuthu Achari Maistry Street: Rs 6,600 per sq.ft (2024)
• Arimuthu Achari Street: Rs 6,600 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 20,900 per sq.ft, the guideline value would be Rs 2,09,00,000. The stamp duty at 7% would amount to Rs 14,63,000, and the registration fee at 2% would be Rs 4,18,000, totaling Rs 18,81,000. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Anna Salai (Mount Road)?

The Sub Registrar Office covering Anna Salai (Mount Road) is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Triplicane. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the appropriate fees are collected based on the official valuation of the property. This helps maintain transparency and standardization in property transactions.

Frequently asked questions

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

The current guideline value of Anna Salai (Mount Road) is Rs 20,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen a 10% increase from Rs 19,000 per sq.ft in 2023 to Rs 20,900 per sq.ft in 2024. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

What are the other streets in Triplicane with their guideline values?

Other streets in Triplicane include Annasami Lane and Anna sami Street, both at Rs 6,600 per sq.ft, and Appavoo Gramani Lane and Appavoo Gramani Street, both at Rs 7,700 per sq.ft, among others.

How is the stamp duty calculated for properties in Anna Salai (Mount Road)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 14,63,000 based on the current guideline value.

Where can I find the Sub Registrar Office for Anna Salai (Mount Road)?

The Sub Registrar Office for Anna Salai (Mount Road) is located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014. You can find more information by visiting the relevant link.