Guideline Value for Anna Salai

Anna Salai guideline value

The current guideline value of Anna Salai, located in Porur village under the Kunrathur SRO, is Rs 4,950 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Special Type - I.

How the guideline value of Anna Salai has changed

The guideline value for Anna Salai has seen several revisions over the years. In 2002, the value was Rs 446 per sq.ft, which increased to Rs 505 per sq.ft in 2003. The value then rose significantly to Rs 1,000 per sq.ft in 2007, followed by a remarkable jump to Rs 4,500 per sq.ft in 2012. However, it decreased to Rs 3,015 per sq.ft in 2017. The value increased again to Rs 4,500 per sq.ft in 2023, and currently stands at Rs 4,950 per sq.ft as per the 2024 revision.

In terms of percentage changes, from 2002 to 2024, there has been an overall increase of 1010%. The value rose by 13% from 2002 to 2003, followed by a 98% increase from 2003 to 2007. The value surged by 350% from 2007 to 2012, but then saw a decrease of 33% from 2012 to 2017. The value increased by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024.

Guideline values in Porur

In Porur village, there are 530 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value for these streets is Rs 3,960 per sq.ft, making the guideline value of Anna Salai above the median.

• Anna Salai (Highway): Rs 4,950 per sq.ft (2024)
• Annai Velankanni Avenue: Rs 4,290 per sq.ft (2024)
• Annai Sathya Nagar Vth Street: Rs 3,520 per sq.ft (2024)
• Annai Sathya Nagar VIth Street: Rs 3,520 per sq.ft (2024)
• Annai Sathya Nagar VII th street: Rs 3,960 per sq.ft (2024)
• Annai Sathya Nagar VIII th street: Rs 3,520 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 4,950 per sq.ft, the total guideline value would be Rs 49,50,000. The stamp duty at 7% would amount to Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, bringing the total cost for these fees to Rs 4,45,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Salai?

The Sub Registrar Office that covers Anna Salai is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Porur. It is the benchmark used by the registration department to determine the stamp duty and registration fees applicable on property transactions. Buyers and sellers must be aware of this value to ensure compliance with legal requirements during the registration process.

When a property is bought or sold, the guideline value is compared with the sale price. The higher of the two is used to calculate the stamp duty and registration fees, ensuring that the appropriate amounts are collected based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Anna Salai?

The current guideline value of Anna Salai is Rs 4,950 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 446 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, showing an overall increase of 1010% over the years.

What is the land classification for Anna Salai?

Anna Salai is classified as Mixed Special Type - I according to the land classification in the area.

What are the stamp duty rates for property transactions?

The stamp duty rate is 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.