Guideline Value for RAJA ANNAMALAI STREET (WARD -8)

Raja Annamalai Street (Ward -8) guideline value

The current guideline value of Raja Annamalai Street (Ward -8) is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Raja Annamalai Street (Ward -8) has changed

The guideline value for Raja Annamalai Street has seen several revisions over the years. In 2012, the value was Rs 1,600 per sq.ft, which remained the same in the next revision in 2017, but then dropped significantly to Rs 1,072 per sq.ft. However, from 2017 to 2023, there was a substantial increase of 49%, bringing the value up to Rs 1,600 per sq.ft. The most recent revision in 2024 has set the value at Rs 1,760 per sq.ft, reflecting a 10% increase 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 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 village is Rs 1,100 per sq.ft, placing Raja Annamalai Street's 2024 figure above that median.

• Rail Nagar (Ward -2): Rs 1,100 per sq.ft (2024)
• Rail Nagar 9nd Street (Ward -2): Rs 1,100 per sq.ft (2024)
• Rail Nagar 8nd Street (Ward -2): Rs 1,100 per sq.ft (2024)
• Rail Nagar 7nd Street (Ward -2): Rs 1,100 per sq.ft (2024)
• Rail Nagar 6nd Street (Ward -2): Rs 1,100 per sq.ft (2024)
• Rail Nagar 5nd Street (Ward -2): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Raja Annamalai Street (Ward -8)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, making the total cost Rs 1,58,400. 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Raja Annamalai Street (Ward -8)?

The Sub Registrar Office covering Raja Annamalai Street (Ward -8) 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 plays a crucial role when buying or selling property in Kattankollatur. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is registered, 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 the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Raja Annamalai Street (Ward -8)?

The current guideline value of Raja Annamalai Street (Ward -8) is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then increased to Rs 1,600 per sq.ft in 2023, and finally reached Rs 1,760 per sq.ft in 2024.

What is the land classification for Raja Annamalai Street?

The land classification for Raja Annamalai Street (Ward -8) is Residential Special Type - III.

Which office handles registrations for properties in this area?

The Chengleput Joint II Sub Registrar Office handles registrations for properties in Raja Annamalai Street (Ward -8), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Kattankollatur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 17,60,000 would incur a stamp duty of Rs 1,23,200 at 7%.