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 Sattamangalam 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 undergone several revisions over the years. In the 2012 revision, the guideline value was Rs 900 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 603 per sq.ft, marking a decrease of 33%. The next revision in 2023 saw a significant increase to Rs 900 per sq.ft, and the current 2024 revision further increased it to Rs 990 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from the 2012 revision to the current 2024 value, there has been a modest increase of 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sattamangalam

In Sattamangalam village, there are 425 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 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 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, while 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 or the sale price.

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

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 Sattamangalam

The guideline value is a crucial factor in the property registration process in Sattamangalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duties and registration fees.

When buying or selling property, both the buyer and seller must consider the guideline value, as it affects the overall transaction costs, including the stamp duty and registration fees. It is essential to be aware of these values to avoid any discrepancies during the registration process.

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 for Annai Jayalakshmi Nagar (Kr)?

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

What are the stamp duty rates applicable in this area?

The stamp duty rate is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2% applicable.

Where can I find the Sub Registrar Office for Annai Jayalakshmi Nagar (Kr)?

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