Guideline Value for Anna Salai

Anna Salai guideline value

The current guideline value of Anna Salai in Pammal village is Rs 1,980 per sq.ft, effective from 1 July 2024. This falls under the Pammal Sub Registrar Office (SRO) and is classified as Residential Class II Type - II land.

How the guideline value of Anna Salai has changed

The guideline value for Anna Salai has seen significant changes over the years. In 2002, the value was Rs 210 per sq.ft, which increased to Rs 238 per sq.ft in 2003. The next notable revision was in 2007, where it rose to Rs 600 per sq.ft, and by 2017, it reached Rs 1,206 per sq.ft. The value then increased to Rs 1,800 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 1,980 per sq.ft. The register has no figure for this street in 2012.

Examining the changes between revisions, the guideline value rose by 13% from 2002 to 2003, followed by a 152% increase from 2003 to 2007. The jump from 2007 to 2017 was 101%, and from 2017 to 2023, it increased by 49%. The most recent change from 2023 to 2024 was a 10% rise. Overall, from 2002 to 2024, the guideline value has increased by 843%.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Anna Salai's 2024 figure below that median.

• Anna Salai, Easwaran Nagar: Rs 2,750 per sq.ft (2024)
• Anna Salai, Nagelkeni: Rs 1,980 per sq.ft (2024)
• Anna Nagar, 9th Street: Rs 2,750 per sq.ft (2024)
• Anna Nagar, 8th Street: Rs 2,750 per sq.ft (2024)
• Anna Nagar 8th Cross Street: Rs 2,750 per sq.ft (2024)
• Anna Street: Rs 1,760 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 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, making the total cost for these fees Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Salai?

Anna Salai falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Pammal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anna Salai?

The current guideline value of Anna Salai is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 210 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 843% over this period.

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

The stamp duty for properties in Anna Salai is 7%, and the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office handles registrations for Anna Salai?

The Pammal Sub Registrar Office handles registrations for Anna Salai, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the range of guideline values for streets in Pammal?

The guideline values for streets in Pammal range from Rs 880 to Rs 3,300 per sq.ft, with a median value of Rs 2,090 per sq.ft.