Guideline Value for ANNAI JAYALAKSHMI NAGAR (KR)

Annai Jayalakshmi Nagar (Kr) guideline value

The current guideline value for Annai Jayalakshmi Nagar (Kr) is Rs 990 per sq.ft, effective from 1 July 2024. This locality is situated in Kattankollatur village, under the Chengleput Joint II SRO, classified as Residential Class I Type - II.

How the guideline value of Annai Jayalakshmi Nagar (Kr) has changed

The guideline value for Annai Jayalakshmi Nagar (Kr) has undergone several revisions over the years. The earliest recorded revision for this street is from 2012, where the guideline value was Rs 900 per sq.ft. This figure remained unchanged until the next revision in 2017, which saw a decrease of 33% to Rs 603 per sq.ft. Following this, the value increased significantly by 49% to Rs 900 per sq.ft in the 2023 revision. The most recent revision in 2024 has seen another increase of 10%, setting the current guideline value at Rs 990 per sq.ft.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%.

Guideline values in Kattankollatur

Kattankollatur village 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 as of 2024. The median guideline value in this area is Rs 1,100 per sq.ft, indicating that the guideline value of Annai Jayalakshmi Nagar (Kr) is below the median.

• Annai Indra Nagar (Ward -19): Rs 440 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 Jayalakshmi Nagar (Kr)

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total fees to Rs 89,100. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Jayalakshmi Nagar (Kr)?

The Chengleput Joint II Sub Registrar Office covers Annai Jayalakshmi Nagar (Kr). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Kattankollatur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a buyer or seller engages in a transaction, the guideline value is used to calculate the applicable fees, ensuring that both parties comply with the legal requirements set forth by the registration authorities.

Frequently asked questions

What is the current guideline value of Annai Jayalakshmi Nagar (Kr)?

The current guideline value of Annai Jayalakshmi Nagar (Kr) is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then back to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification of Annai Jayalakshmi Nagar (Kr)?

Annai Jayalakshmi Nagar (Kr) is classified as Residential Class I Type - II.

Which office handles registrations for properties in this area?

The Chengleput Joint II Sub Registrar Office handles registrations for properties in Annai Jayalakshmi Nagar (Kr), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the range of guideline values in Kattankollatur?

The guideline values in Kattankollatur range from Rs 440 to Rs 3,612 per sq.ft as of 2024, with a median value of Rs 1,100 per sq.ft.