Guideline Value for Anna Salai

Anna Salai guideline value

The current guideline value of Anna Salai is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Town village under the Chengleput Joint I SRO and is classified as Commercial Special Type - II.

How the guideline value of Anna Salai has changed

The guideline value for Anna Salai has seen several revisions over the years. The 2007 revision set the value at Rs 600 per sq.ft, which was a significant increase from the previous revisions, as there are no figures for 2002 and 2003. In 2012, the value rose to Rs 3,200 per sq.ft, marking an increase of 433% from 2007. However, it then decreased by 33% to Rs 2,144 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 3,200 per sq.ft, and the latest revision in 2024 has increased it further to Rs 3,520 per sq.ft, representing a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 487%. The changes reflect fluctuations in the property market and land classification, impacting the guideline values set by the authorities.

Guideline values in Chengalpattu Town

In Chengalpattu Town, there are 55 streets under the Chengleput Joint I SRO with a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value is Rs 3,025 per sq.ft, placing Anna Salai's 2024 figure above that median.

• Anna Nagar: Rs 3,850 per sq.ft (2024)
• Anumanthaputheri Adhilakshmi Nagar: Rs 1,650 per sq.ft (2024)
• Anumanthaputheri Madurai Veeran Koil Street: Rs 2,420 per sq.ft (2024)
• Anumanthaputheri Nadu Street: Rs 1,650 per sq.ft (2024)
• Anumanthaputheri Pillaiyar Koil Street: Rs 2,750 per sq.ft (2024)
• Anumanthaputheri T.V. Tower Road: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total fees to Rs 3,16,800. Please 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?

The Sub Registrar Office covering Anna Salai is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Chengalpattu Town, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Anna Salai?

The current guideline value of Anna Salai is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 600 per sq.ft in 2007 to Rs 3,520 per sq.ft in 2024, reflecting an overall increase of 487% over this period.

What is the land classification of Anna Salai?

Anna Salai is classified as Commercial Special Type - II, indicating its suitability for commercial activities in the area.

What are the registration fees for property in Anna Salai?

For a property valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400, and the registration fee would be Rs 70,400, totaling Rs 3,16,800.

Where is the Sub Registrar Office for Anna Salai located?

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, covering the Anna Salai area.