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 Peramanoor 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 of Annai Jayalakshmi Nagar (Kr) has seen several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which was followed by a decrease to Rs 603 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 900 per sq.ft, a rise of 49%. The most recent revision in 2024 brought the guideline value up to Rs 990 per sq.ft, reflecting an increase of 10% 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. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, indicating that the guideline value for Annai Jayalakshmi Nagar (Kr) is below this median.

• Annai Indra Nagar (Ward -19): Rs 550 per sq.ft (2024)
• Annai Moogambigai Nagar (Ward -19): Rs 661 per sq.ft (2024)
• Anganur Street: Rs 661 per sq.ft (2024)
• Andal Street(Per): Rs 661 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 would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, while the registration fee at 2% would be Rs 19,800, totaling Rs 89,100. It is important to note that duty is charged on the higher of the guideline value or 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 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, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Peramanoor. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that transactions are recorded at a fair value.

When buying or selling property, the guideline value is used to calculate applicable fees such as stamp duty and registration fees. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

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, decreased to Rs 603 per sq.ft in 2017, 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.

What are the registration fees for property in this area?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

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

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