Guideline Value for Anna Salai (Nandanam to Jemini Membalam)

Anna Salai (Nandanam to Jemini Membalam) guideline value

The current guideline value for Anna Salai (Nandanam to Jemini Membalam) is Rs 20,900 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 1 village under the Chennai Central Joint I SRO, and it is classified as Commercial Special Type - I.

How the guideline value of Anna Salai (Nandanam to Jemini Membalam) has changed

The guideline value for Anna Salai has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 20,900 per sq.ft, which is a 10% increase from the 2023 revision of Rs 19,000 per sq.ft. The register has no figures for this street for the years 2002, 2003, 2007, 2012, and 2017.

Prior to the 2024 revision, the 2023 figure was Rs 19,000 per sq.ft. The changes in guideline value from 2023 to 2024 reflect a significant adjustment, indicating an increase in the value of properties along this stretch.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 streets under the Chennai Central Joint I SRO, with guideline values ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median guideline value in this area is Rs 8,800 per sq.ft, placing Anna Salai (Nandanam to Jemini Membalam) above this median.

• Appadurai Street: Rs 8,700 per sq.ft (2024)
• Archbishop mathus Avenue: Rs 20,900 per sq.ft (2024)
• Arundadhi Nagar: Rs 6,100 per sq.ft (2024)
• Anbu Colony 2nd Street: Rs 6,100 per sq.ft (2024)
• Anbu Colony 1st Street: Rs 6,100 per sq.ft (2024)
• Anbu Colony: Rs 6,100 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Salai (Nandanam to Jemini Membalam)

For a 1,000 sq.ft plot at the current guideline value of Rs 20,900 per sq.ft, the total guideline value amounts to Rs 2,09,00,000. The stamp duty at 7% would be Rs 14,63,000, and the registration fee at 2% would be Rs 4,18,000, bringing the total fees to Rs 18,81,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Salai (Nandanam to Jemini Membalam)?

The Sub Registrar Office that covers Anna Salai (Nandanam to Jemini Membalam) is the Chennai Central Joint I 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 Mylapore Part 1

The guideline value is a crucial factor in the registration process when buying or selling property. It helps determine the stamp duty and registration fees that need to be paid based on the property's assessed value.

When you register a property, the guideline value serves as a benchmark to ensure that the transaction is recorded accurately. 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 for Anna Salai (Nandanam to Jemini Membalam)?

The current guideline value for Anna Salai (Nandanam to Jemini Membalam) 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 changed from Rs 19,000 per sq.ft in 2023 to Rs 20,900 per sq.ft in 2024, marking a 10% increase. The register has no figures for this street for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Anna Salai?

Anna Salai (Nandanam to Jemini Membalam) is classified as Commercial Special Type - I under the Chennai Central Joint I SRO.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For instance, a property valued at Rs 2,09,00,000 incurs a stamp duty of Rs 14,63,000 at 7%.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Anna Salai (Nandanam to Jemini Membalam) is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.