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 Panangottur village and falls under the Chengleput Joint II SRO. The land classification for this street is 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. In the 2012 revision, the value was Rs 900 per sq.ft, which decreased to Rs 603 per sq.ft in 2017, marking a decline of 33%. The value then increased significantly to Rs 900 per sq.ft in the 2023 revision, and further rose by 10% to reach Rs 990 per sq.ft in the 2024 revision.

From 2017 to 2023, there was a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Panangottur

In Panangottur village, a total of 419 streets are recorded under the Chengleput Joint II SRO, with the 2024 guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 990 per sq.ft, which is equal to the guideline value of Annai Jayalakshmi Nagar (Kr).

• 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 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, resulting in a total of Rs 89,100. It is important 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 Sub Registrar Office that covers Annai Jayalakshmi Nagar (Kr) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Panangottur. 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, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

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 to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

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

The land classification for Annai Jayalakshmi Nagar (Kr) is Residential Class I Type - II.

What are the guideline values of other streets in Panangottur?

Other streets in Panangottur have varying guideline values, ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 990 per sq.ft, which matches the guideline value of Annai Jayalakshmi Nagar (Kr).

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. This office handles registrations for properties in Annai Jayalakshmi Nagar (Kr).