Guideline Value for Anna Salai

Anna Salai guideline value

The current guideline value of Anna Salai in Kodungaiyur village is Rs 2,700 per sq.ft, effective from 1 July 2024. This area falls under the Madhavaram SRO and is classified as Residential Class I Type - I.

How the guideline value of Anna Salai has changed

In the 2012 revision, the guideline value for Anna Salai was set at Rs 2,500 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 2,500 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 8%. There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with the 2024 guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, making Anna Salai's 2024 figure equal to this median.

• Anna Road in Annai Sathya Nagar Main Street: Rs 2,700 per sq.ft (2024)
• Anna Street (Krishnamoorthy Nagar): Rs 2,700 per sq.ft (2024)
• Appar Street (Vivekananda Nagar): Rs 2,700 per sq.ft (2024)
• Annai Sathya Nagar Cross Street: Rs 2,200 per sq.ft (2024)
• Annai Sathya Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Annai Sathya Nagar 1st Street: Rs 2,200 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 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, leading to a total of Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, 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 Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Kodungaiyur. It is used to determine the stamp duty and registration fees applicable for the transaction, ensuring that both parties are aware of the financial obligations involved.

When buying or selling property, the guideline value helps in establishing a baseline for the transaction amount. This ensures transparency and compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Anna Salai?

The current guideline value of Anna Salai in Kodungaiyur is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,500 per sq.ft from 2012 to 2023, before increasing to Rs 2,700 per sq.ft in 2024, marking an overall increase of 8% from 2012 to 2024.

What is the land classification for Anna Salai?

Anna Salai is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

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

For a property valued at Rs 27,00,000, the stamp duty is Rs 1,89,000 and the registration fee is Rs 54,000, totaling Rs 2,43,000. The duty is charged on the higher of the guideline value or the sale price.

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

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles all registrations for properties in Anna Salai.