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 falls under Mylapore Part 2 village, governed by the Chennai Central Joint I SRO, and 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 various revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was Rs 19,000 per sq.ft, which increased to Rs 20,900 per sq.ft in 2024, marking a change of +10%.

Prior to the 2023 revision, the register does not have figures for this street, so the only available revisions are from 2023 and 2024. The significant increase from 2023 to 2024 reflects a change in the guideline value for this area.

Guideline values in Mylapore Part 2

Within Mylapore Part 2, there are 332 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's 2024 figure above the 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 rate of Rs 20,900 per sq.ft, the 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 to Rs 18,81,000. It is important to note that the 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. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Mylapore Part 2

The guideline value is a crucial factor in the registration process when buying or selling property in Mylapore Part 2. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price. The higher amount is used to calculate the applicable duties and fees, ensuring that the registration reflects the value of the property accurately.

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 much has the guideline value changed recently?

From the 2023 revision, which was Rs 19,000 per sq.ft, the guideline value increased to Rs 20,900 per sq.ft in 2024, reflecting a change of +10%.

What is the classification of land in Anna Salai (Nandanam to Jemini Membalam)?

The land classification for Anna Salai (Nandanam to Jemini Membalam) is Commercial Special Type - I, indicating its use for commercial purposes.

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.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, at the current guideline value, a 1,000 sq.ft plot would incur a total of Rs 18,81,000 in duties and fees.