Guideline Value for Anna salai

Anna salai guideline value

The current guideline value of Anna salai is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Perampakkam village, under the Perambakkam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Anna salai has changed

Over the years, the guideline value of Anna salai has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 150 per sq.ft. This increased to Rs 400 per sq.ft in 2012, marking a significant rise of 167%. However, in the subsequent revision in 2017, the value dropped to Rs 268 per sq.ft, a decrease of 33%. From 2017 to 2023, the value increased by 49%, returning to Rs 400 per sq.ft, which remained unchanged in the 2024 revision.

The guideline value has remained stable at Rs 400 per sq.ft from 2023 to 2024, indicating no change during this period. The overall increase from the 2007 revision to the 2024 revision is 167%.

Guideline values in Perampakkam

In Perampakkam, there are 20 streets under the Perambakkam SRO with a 2024 guideline value ranging from Rs 200 to Rs 500 per sq.ft. The median value for these streets is Rs 350 per sq.ft, placing Anna salai's 2024 figure above that median.

• Bazzar St: Rs 500 per sq.ft (2024)
• Brahmanar St: Rs 350 per sq.ft (2024)
• Eswaran Koil St: Rs 350 per sq.ft (2024)
• Gandhi Nagar: Rs 350 per sq.ft (2024)
• Hospital Road: Rs 400 per sq.ft (2024)
• Jothi Ramalingam Nagar: Rs 350 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 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total cost for these fees to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna salai?

The Sub Registrar Office that covers Anna salai is the Perambakkam Sub Registrar Office, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Perampakkam. It serves as a benchmark for determining the minimum value of a property during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations when finalizing a sale.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are essential components of the transaction. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Anna salai?

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

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision showing no change from 2023 to 2024. The overall increase from 2007 to 2024 is 167%.

What is the land classification of Anna salai?

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

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

The Sub Registrar Office for Anna salai is located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 400 per sq.ft would incur a total of Rs 36,000 in fees.