Guideline Value for Anna Salai 3rd Cross Street

Anna Salai 3rd Cross Street guideline value

The current guideline value of Anna Salai 3rd 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 3rd Cross Street has changed

The guideline value for Anna Salai 3rd Cross Street has undergone several revisions over the years. The earliest available figure is from 2012, where the guideline value was Rs 2,300 per sq.ft. This was followed by a decrease to Rs 1,541 per sq.ft in 2017. The subsequent revision in 2023 saw an increase to Rs 2,300 per sq.ft, and the most recent revision in 2024 raised it further to Rs 2,500 per sq.ft.

From 2017 to 2023, there was a significant increase of 49%. The change from 2023 to 2024 shows a rise of 9%. Overall, comparing the 2012 and 2024 revisions, there has been a 9% increase in the guideline value. 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 have a 2024 guideline value ranging from Rs 1,900 to Rs 3,800 per sq.ft. The median value is Rs 2,500 per sq.ft, which is the same as the current guideline value for Anna Salai 3rd Cross Street.

• Anna Salai 4th Cross Street: Rs 2,500 per sq.ft (2024)
• Anna Salai 2nd Cross Street: Rs 2,500 per sq.ft (2024)
• Anna Salai 5th Cross Street: Rs 2,500 per sq.ft (2024)
• Anna Salai 1st Street: Rs 2,500 per sq.ft (2024)
• Anna Salai 1st Cross Street: Rs 2,500 per sq.ft (2024)
• Anna Salai Vasuki Ammal Layout: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Salai 3rd Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 2,500 per sq.ft, the 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, bringing the total to Rs 2,25,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Anna Salai 3rd Cross Street?

The Sub Registrar Office that covers Anna Salai 3rd Cross Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, visit find your SRO.

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

The guideline value is used as a basis for calculating stamp duty and registration fees when buying or selling property. It ensures that the transaction is recorded at a government-approved value, which helps in maintaining transparency in property transactions.

When registering a property, buyers must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This process is crucial for ensuring legal ownership and protecting the rights of property owners.

Frequently asked questions

What is the current guideline value of Anna Salai 3rd Cross Street?

The current guideline value of Anna Salai 3rd 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 from Rs 2,300 per sq.ft in 2012 to Rs 1,541 per sq.ft in 2017, then back to Rs 2,300 per sq.ft in 2023, and finally to Rs 2,500 per sq.ft in 2024.

What is the land classification for Anna Salai 3rd Cross Street?

The land classification for Anna Salai 3rd Cross Street is Residential Class III Type - I.

Where can I find the registration office for Anna Salai 3rd Cross Street?

The registration office for Anna Salai 3rd Cross Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in Anna Salai 3rd Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 25,00,000, the stamp duty would be Rs 1,75,000 at a rate of 7%.