Guideline Value for ANNAI MOOGAMBIGAI NAGAR (WARD -19)

Annai Moogambigai Nagar (Ward -19) guideline value

The current guideline value of Annai Moogambigai Nagar (Ward -19) is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Kattankollatur village under the Chengleput Joint II SRO, classified as Residential Class I Type - III.

How the guideline value of Annai Moogambigai Nagar (Ward -19) has changed

Over the years, the guideline value of Annai Moogambigai Nagar (Ward -19) has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 402 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 600 per sq.ft in 2023, followed by a further rise to Rs 660 per sq.ft in the 2024 revision, reflecting a 10% increase.

From 2017 to 2023, there was a substantial increase of 49%, bringing the value back to Rs 600 per sq.ft. Overall, from the 2012 revision to the current 2024 revision, the guideline value has increased by 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. The median guideline value in this area is Rs 1,100 per sq.ft, indicating that the current value of Annai Moogambigai Nagar (Ward -19) is below this median.

• Annai Jayalakshmi Nagar (Kr): Rs 990 per sq.ft (2024)
• Annai Indra Nagar (Ward -19): Rs 440 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 Moogambigai Nagar (Ward -19)

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total to Rs 59,400. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Annai Moogambigai Nagar (Ward -19)?

The Sub Registrar Office covering Annai Moogambigai Nagar (Ward -19) 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 more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kattankollatur. 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 duty and registration fees.

When a property is sold, the sale price and the guideline value are compared, and the higher of the two is used to calculate the stamp duty. This process helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Annai Moogambigai Nagar (Ward -19)?

The current guideline value of Annai Moogambigai Nagar (Ward -19) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification of Annai Moogambigai Nagar (Ward -19)?

Annai Moogambigai Nagar (Ward -19) is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where can I find the Chengleput Joint II SRO?

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

How is stamp duty calculated in Kattankollatur?

Stamp duty in Kattankollatur is calculated based on the higher of the guideline value or the sale price of the property. The current rate for stamp duty is 7%, while the registration fee is 2% of the guideline value or sale price.