Guideline Value for Anna Salai

Anna Salai guideline value

The current guideline value of Anna Salai is Rs 15,400 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 - I.

How the guideline value of Anna Salai has changed

The guideline value for Anna Salai has seen several revisions over the years. The earliest recorded figure is from 2007, when the value was Rs 8,850 per sq.ft. This value increased to Rs 14,000 per sq.ft in 2012, marking a significant rise of 58%. However, between 2012 and 2017, the value decreased to Rs 9,380 per sq.ft, reflecting a drop of 33%. The value then increased to Rs 14,000 per sq.ft in 2023, a rise of 49%, before reaching the current figure of Rs 15,400 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 74%.

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, with a median value of Rs 6,100 per sq.ft. The guideline value of Anna Salai is above this median, indicating a higher valuation compared to many other streets in the area.

• Anna Salai Lane: Rs 10,500 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

For a 1,000 sq.ft plot at the current guideline value of Rs 15,400 per sq.ft, the total guideline value amounts to Rs 1,54,00,000. The stamp duty at 7% would be Rs 10,78,000, and the registration fee at 2% would be Rs 3,08,000, bringing the total fees to Rs 13,86,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Anna Salai?

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

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

The guideline value plays a crucial role in the registration of property transactions in Adayar. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that these fees reflect the official valuation of the property.

When buying or selling property, the guideline value is used to assess the financial obligations associated with the transaction. Buyers should be aware that the fees are based on the guideline value or the sale price, whichever is higher, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Anna Salai?

The current guideline value of Anna Salai is Rs 15,400 per sq.ft, effective from 1 July 2024.

How has the guideline value of Anna Salai changed over the years?

The guideline value has changed from Rs 8,850 per sq.ft in 2007 to Rs 15,400 per sq.ft in 2024, reflecting a total increase of 74% over the years.

What are the guideline values of other streets in Adayar?

Other streets in Adayar have varying guideline values, with rates ranging from Rs 3,300 to Rs 11,000 per sq.ft in 2024. Anna Salai has the highest value at Rs 15,400 per sq.ft.

What fees are associated with buying property in Anna Salai?

When buying property in Anna Salai, buyers must pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Anna Salai?

The Sub Registrar Office for Anna Salai is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.