Guideline Value for Annasalai

Annasalai guideline value

The current guideline value of Annasalai is Rs 20,900 per sq.ft, effective from 1 July 2024. This street is located in Nungambakkam village under the Chennai Central Joint II SRO, with a land classification of Commercial Special Type - II.

How the guideline value of Annasalai has changed

The guideline value for Annasalai has seen several revisions over the years. In 2002, the value was Rs 5,123 per sq.ft, which increased to Rs 10,100 per sq.ft in 2007, marking an increase of 97%. The value then rose significantly to Rs 19,000 per sq.ft in 2012, reflecting an 88% increase. However, it dropped to Rs 12,730 per sq.ft in 2017, a decrease of 33%. The most recent revisions show that the value was Rs 19,000 per sq.ft in 2023 and has now increased to Rs 20,900 per sq.ft in 2024, a rise of 10%.

It is important to note that there is no figure available for the year 2003 in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 308%.

Guideline values in Nungambakkam

In Nungambakkam, there are 270 streets under the Chennai Central Joint II SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 22,000 per sq.ft, with a median of Rs 8,800 per sq.ft. The guideline value for Annasalai is above this median.

• Appu Naicken St: Rs 6,600 per sq.ft (2024)
• Arundathi Nagar: Rs 3,300 per sq.ft (2024)
• Anderson Road: Rs 13,200 per sq.ft (2024)
• Avenue Road: Rs 11,500 per sq.ft (2024)
• Ayya Street: Rs 5,500 per sq.ft (2024)
• Amberdkar Colony(Slum): Rs 3,300 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 20,900 per sq.ft, the total guideline value amounts to Rs 2,09,00,000. The stamp duty at 7% would be Rs 14,63,000, and the registration fee at 2% would be Rs 4,18,000, bringing the total fees together to Rs 18,81,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, 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 Chennai Central Joint II Sub Registrar Office, located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. You can find your SRO for more information.

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

The guideline value is a crucial component in the registration process when buying or selling property in Nungambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value for Annasalai?

The current guideline value for Annasalai is Rs 20,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 5,123 per sq.ft in 2002 to Rs 20,900 per sq.ft in 2024, which is an overall increase of 308%.

What are the stamp duty and registration fees for property in Annasalai?

For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 18,81,000, including stamp duty and registration fees.

Which Sub Registrar Office covers Annasalai?

The Chennai Central Joint II Sub Registrar Office covers Annasalai, located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

What is the land classification for Annasalai?

The land classification for Annasalai is Commercial Special Type - II, indicating its designated use within the area.