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 Ninna Karai village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - III.

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

The guideline value for Raja Annamalai Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,600 per sq.ft, which was followed by a decrease to Rs 1,072 per sq.ft in the 2017 revision, marking a reduction of 33%. In 2023, the value increased to Rs 1,600 per sq.ft, and the latest revision in 2024 has further raised it to Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Ninna Karai

In Ninna Karai, there are 449 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Raja Annamalai Street's 2024 figure above this median.

• Rail Nagar (Ward -2): Rs 1,100 per sq.ft (2024)
• Rail Nagar Part -I: 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)

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

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

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

The Sub Registrar Office that covers 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 Ninna Karai

The guideline value is a crucial factor during the registration of property transactions in Ninna Karai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the financial implications of the transaction. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

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 to Rs 1,760 per sq.ft in 2024.

What is the land classification of Raja Annamalai Street?

Raja Annamalai Street is classified as Residential Special Type - III.

What are the stamp duty and registration fees for property transactions in this area?

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Where can I find the Sub Registrar Office for Raja Annamalai Street?

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