Guideline Value for Anna Salai Lane

Anna Salai Lane guideline value

The current guideline value of Anna Salai Lane is Rs 10,500 per sq.ft, effective from 1 July 2024. This street is located in Adayar village, under the Adayar SRO, and is classified as Commercial Class I Type - III.

How the guideline value of Anna Salai Lane has changed

The guideline value for Anna Salai Lane has seen several revisions over the years. The 2012 revision set the value at Rs 9,500 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 6,365 per sq.ft. This was followed by a significant increase in the 2023 revision to Rs 9,500 per sq.ft, and the current value of Rs 10,500 per sq.ft from the 2024 revision reflects an 11% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, comparing the 2012 revision to the current 2024 value, there has been an increase of 11%. The revisions for the years 2002, 2003, and 2007 do not have any figures available for this street.

Guideline values in Adayar

In Adayar, there are 92 streets under the Adayar SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median value among these streets is Rs 6,100 per sq.ft, placing Anna Salai Lane's 2024 figure above the median.

• Anna Salai: Rs 15,400 per sq.ft (2024)
• Arulalamman Pettai Street: Rs 3,300 per sq.ft (2024)
• Arunachalam Lane: Rs 9,400 per sq.ft (2024)
• Arunachalam Road: Rs 11,000 per sq.ft (2024)
• Anchaneyar Kovil Street: Rs 5,000 per sq.ft (2024)
• Avvai Colony: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Salai Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 10,500 per sq.ft, the total guideline value amounts to Rs 1,05,00,000. The stamp duty at 7% would be Rs 7,35,000, and the registration fee at 2% would be Rs 2,10,000, bringing the total fees to Rs 9,45,000. 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 details on fees applicable to your property transaction.

Which Sub Registrar Office covers Anna Salai Lane?

The Sub Registrar Office that covers Anna Salai Lane is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Adayar. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when registering a property. The guideline value is set by the Registration Department and is updated periodically based on market conditions.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions, reflecting the current value of real estate in the area.

Frequently asked questions

What is the current guideline value of Anna Salai Lane?

The current guideline value of Anna Salai Lane is Rs 10,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 9,500 per sq.ft in 2012 to Rs 6,365 per sq.ft in 2017, then back to Rs 9,500 per sq.ft in 2023, and finally to Rs 10,500 per sq.ft in 2024.

What is the land classification of Anna Salai Lane?

Anna Salai Lane is classified as Commercial Class I Type - III, indicating its suitability for commercial activities.

What are the stamp duty and registration fees for properties in Anna Salai Lane?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, for a property valued at Rs 1,05,00,000, the total fees would amount to Rs 9,45,000.

Which office handles property registrations in Adayar?

The Adayar Sub Registrar Office handles property registrations in Adayar, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.