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Guideline Value

Corporate

Guideline Value for Anna Salai 2nd Cross Street

₹2500/sq.ft.

The guideline value for Anna Salai 2nd Cross Street in Erukancherry village (Madhavaram SRO, Chennai zone) is Rs 2500 per sq.ft, effective 1 July 2024. It was Rs 2300 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Erukancherry

Village

Madhavaram

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹2500 /sq.ft.
From 1-4-2023 ₹2300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1541 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2300 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Anna Salai 2nd Cross Street

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Anna Salai 2nd Cross Street guideline value

The current guideline value of Anna Salai 2nd Cross Street is Rs 2,500 per sq.ft, effective from 1 July 2024. This street is located in Erukancherry village and falls under the Madhavaram SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Anna Salai 2nd Cross Street has changed

The guideline value for Anna Salai 2nd Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,300 per sq.ft. This figure was then reduced to Rs 1,541 per sq.ft in the 2017 revision. Following this, the 2023 revision brought the value back up to Rs 2,300 per sq.ft, and the most recent 2024 revision has increased it to Rs 2,500 per sq.ft.

From 2017 to 2023, the value increased by 49%. The change from 2023 to 2024 represents a 9% increase. Overall, from the 2012 revision to the 2024 revision, there has been a total increase of 9%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Erukancherry

In Erukancherry, there are 376 streets under the Madhavaram SRO that carry a 2024 guideline value, ranging from Rs 1,900 to Rs 3,800 per sq.ft. The median value for these streets is Rs 2,500 per sq.ft, which is equal to the current value of Anna Salai 2nd Cross Street.

Stamp duty and registration fee for property in Anna Salai 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value amounts to Rs 25,00,000. The stamp duty at 7% would be Rs 1,75,000, and the registration fee at 2% would be Rs 50,000. Together, these fees amount to Rs 2,25,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Salai 2nd Cross Street?

The Sub Registrar Office that covers Anna Salai 2nd Cross Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Erukancherry. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the transaction is transparent and that the government receives the appropriate revenue from stamp duty and registration fees.

When a property is sold, the guideline value is compared to the sale price. The higher of the two figures is used to calculate the applicable stamp duty and registration fees. This process helps maintain consistency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Anna Salai 2nd Cross Street?

The current guideline value of Anna Salai 2nd Cross Street is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with a notable increase from Rs 1,541 per sq.ft in 2017 to Rs 2,300 per sq.ft in 2023, and then to Rs 2,500 per sq.ft in 2024.

What is the land classification for Anna Salai 2nd Cross Street?

Anna Salai 2nd Cross Street is classified as Residential Class III Type - I.

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

The Madhavaram Sub Registrar Office, which covers Anna Salai 2nd Cross Street, is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

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 example, a property valued at Rs 25,00,000 would incur a stamp duty of Rs 1,75,000 at 7%.