Guideline Value for Annasalai

Annasalai guideline value

The current guideline value of Annasalai, located in Thalakanancherry village under the Alandur SRO, is Rs 2,800 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - II land classification.

How the guideline value of Annasalai has changed

Over the years, the guideline value of Annasalai has seen several revisions. The earliest available figure is from 2007, where the guideline value was Rs 700 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, then decreased to Rs 1,675 per sq.ft in 2017. Following that, the value rose to Rs 2,500 per sq.ft in 2023, and most recently, it has been set at Rs 2,800 per sq.ft for 2024. The register has no figures for the years 2002 and 2003.

In terms of percentage changes, the guideline value increased by 257% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then rose by 49% from 2017 to 2023. The jump from 2023 to 2024 is 12%. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft, with a median value of Rs 3,900 per sq.ft. The guideline value for Annasalai is below this median.

• Anna Street: Rs 2,800 per sq.ft (2024)
• Arul Jothi Nagar: Rs 2,800 per sq.ft (2024)
• Aruljothi Street: Rs 2,800 per sq.ft (2024)
• Aruna Nagar Colony Layout (TNGO Colony): Rs 4,400 per sq.ft (2024)
• Amman Koil Street (Gandhi Nagar): Rs 2,200 per sq.ft (2024)
• A.M.Jain College Staff Colony/Jain Staff Colony: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Annasalai

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total fees together to Rs 2,52,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annasalai?

The Sub Registrar Office that covers Annasalai is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

The guideline value plays a crucial role when buying or selling property in Thalakanancherry. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware that the guideline value is set by the government and can vary from street to street.

When a property transaction occurs, the guideline value ensures that the government receives the appropriate registration fees based on the value of the property. It is essential for both buyers and sellers to understand the guideline value to ensure compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Annasalai?

The current guideline value of Annasalai is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, showing an overall increase of 300% over that period.

What is the land classification for Annasalai?

Annasalai falls under the Residential Class II Type - II land classification.

Where can I find the Sub Registrar Office for Annasalai?

The Sub Registrar Office for Annasalai is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the government receives the appropriate fees based on the property's value.