Guideline Value for Anna Salai

Anna Salai guideline value

The current guideline value of Anna Salai in Manimangalam A village, under the Padappai SRO, is Rs 880 per sq.ft, effective from 1 July 2024. This area is classified as Residential 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 most recent revision in 2024 set the value at Rs 880 per sq.ft, an increase from Rs 800 per sq.ft in 2023, marking a change of +10%. Prior to that, in 2017, the value was Rs 536 per sq.ft, which means there was a significant increase of +49% from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has increased by +64%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Manimangalam A

In Manimangalam A, there are 112 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 2,500 per sq.ft. The median value is Rs 880 per sq.ft, which is the same as the guideline value for Anna Salai.

• Anna Street: Rs 880 per sq.ft (2024)
• Anugraha Estates: Rs 550 per sq.ft (2024)
• Annai Avenue: Rs 770 per sq.ft (2024)
• Arunachaleswarar Nagar: Rs 880 per sq.ft (2024)
• Asirvadhapuram: Rs 880 per sq.ft (2024)
• Anandham Co-Operative Nagar: Rs 1,430 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 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty, charged at 7%, would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600. Together, these fees total Rs 79,200. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Anna Salai?

The Sub Registrar Office that covers Anna Salai is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor during the registration of property transactions in Manimangalam A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate fees are collected. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used for calculating the applicable duties.

Frequently asked questions

What is the current guideline value of Anna Salai?

The current guideline value of Anna Salai is Rs 880 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 536 per sq.ft in 2017 to Rs 880 per sq.ft in 2024, reflecting an overall increase of +64% over this period.

What are the guideline values of other streets in Manimangalam A?

Other streets in Manimangalam A have varying guideline values, ranging from Rs 550 to Rs 1,430 per sq.ft. Anna Salai shares its value of Rs 880 per sq.ft with several other streets.

How is stamp duty calculated for property in Anna Salai?

Stamp duty for property in Anna Salai is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 at 7%.

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

The Sub Registrar Office for Anna Salai is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. This office handles all registration activities for the area.