Guideline Value for ANNAI INDRA NAGAR (WARD -19)

Annai Indra Nagar (Ward -19) guideline value

The current guideline value of Annai Indra Nagar (Ward -19) is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village, under the Chengleput Joint II SRO, and is classified as Residential Class II Type - II.

How the guideline value of Annai Indra Nagar (Ward -19) has changed

The guideline value for Annai Indra Nagar (Ward -19) has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 400 per sq.ft. This figure remained unchanged until 2017, when it dropped to Rs 268 per sq.ft. In 2023, the guideline value increased to Rs 400 per sq.ft, and then further rose to Rs 440 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is +10%. Notably, the jump from 2017 to 2023 was +49%. It is important to mention that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Kattankollatur

Kattankollatur has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Annai Indra Nagar (Ward -19) below this median.

• Annai Jayalakshmi Nagar (Kr): Rs 990 per sq.ft (2024)
• Annai Moogambigai Nagar (Ward -19): Rs 660 per sq.ft (2024)
• Anganur Street: Rs 660 per sq.ft (2024)
• Andal Street(Per): Rs 440 per sq.ft (2024)
• Anna Salai (Ward -6): Rs 2,200 per sq.ft (2024)
• Anna Salai (Ward -8): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Indra Nagar (Ward -19)

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total cost for these fees to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Annai Indra Nagar (Ward -19)?

The Sub Registrar Office that covers Annai Indra Nagar (Ward -19) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Kattankollatur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, both the buyer and seller must consider the guideline value to avoid discrepancies during registration. It is essential to ensure that the sale price is in line with the guideline value to facilitate a smooth transaction process.

Frequently asked questions

What is the current guideline value of Annai Indra Nagar (Ward -19)?

The current guideline value of Annai Indra Nagar (Ward -19) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then back to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification for Annai Indra Nagar (Ward -19)?

Annai Indra Nagar (Ward -19) is classified as Residential Class II Type - II, indicating its suitability for residential development.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO using the provided link.

What is the stamp duty rate for properties in Annai Indra Nagar (Ward -19)?

The stamp duty rate for properties in Annai Indra Nagar (Ward -19) is 7% of the guideline value or the sale price, whichever is higher.