Guideline Value for Chittam Krishnasamy Naidu Lane & Street

Chittam Krishnasamy Naidu Lane & Street guideline value

The current guideline value of Chittam Krishnasamy Naidu Lane & Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village, under the AnnaNagar SRO, and is classified as Residential Class II Type - I.

How the guideline value of Chittam Krishnasamy Naidu Lane & Street has changed

The guideline value for Chittam Krishnasamy Naidu Lane & Street has seen several revisions over the years. In the 2007 revision, the value was set at Rs 1,000 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, it then decreased to Rs 2,680 per sq.ft in 2017. The 2023 revision marked another increase to Rs 4,000 per sq.ft, followed by the current value of Rs 4,400 per sq.ft from the 2024 revision, reflecting a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 340%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value in Ayanavaram is Rs 4,900 per sq.ft, which means that the current figure for Chittam Krishnasamy Naidu Lane & Street is below this median.

• Chitaranjan Nagar, Chennai 82: Rs 4,400 per sq.ft (2024)
• Chitaranjan Colony, Chennai 82: Rs 4,400 per sq.ft (2024)
• Chidambaram Mudali Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Chetty Thottam: Rs 4,400 per sq.ft (2024)
• Chetty Thoppu street: Rs 4,400 per sq.ft (2024)
• Chetty Street Lane: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Chittam Krishnasamy Naidu Lane & Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total charges Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Chittam Krishnasamy Naidu Lane & Street?

The Sub Registrar Office that covers Chittam Krishnasamy Naidu Lane & Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ayanavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are recorded at a fair value.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Chittam Krishnasamy Naidu Lane & Street?

The current guideline value for Chittam Krishnasamy Naidu Lane & Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 1,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 340% over this period.

What is the median guideline value in Ayanavaram?

The median guideline value in Ayanavaram is Rs 4,900 per sq.ft, which is higher than the current value for Chittam Krishnasamy Naidu Lane & Street.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions in Tamil Nadu is typically 7% of the guideline value or sale price, whichever is higher, along with a registration fee of 2%.

Where is the AnnaNagar Sub Registrar Office located?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.