Guideline Value for ANNAI JAYALAKSHMI NAGAR (KR)

Annai Jayalakshmi Nagar (Kr) guideline value

The current guideline value of Annai Jayalakshmi Nagar (Kr) is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Ninna Karai village under the Chengleput Joint II SRO and is 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 seen several revisions over the years. In 2012, the guideline value was Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in 2017. Following this, the value increased significantly to Rs 900 per sq.ft in 2023, and most recently to Rs 990 per sq.ft in 2024, marking a 10% increase from the previous year. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Annai Jayalakshmi Nagar (Kr) below this median.

• Annai Indra Nagar (Ward -19): Rs 660 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 is 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 cost for these fees to Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

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, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Ninna Karai, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider the guideline value when negotiating sale prices, as the registration fees and stamp duty are calculated based on this value.

When a property is sold, the buyer is required to pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

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 increased 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.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Annai Jayalakshmi Nagar (Kr)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 9,90,000, the stamp duty at 7% would be Rs 69,300.