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 Panangottur 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 undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,600 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 1,072 per sq.ft. Following this, the 2023 revision saw a significant increase to Rs 1,600 per sq.ft, and the most recent 2024 revision brought it up to Rs 1,760 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The changes between the revisions are as follows: from 2017 to 2023, there was a 49% increase, while from 2012 to 2017, there was a decrease of 33%. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Panangottur

In Panangottur, there are a total of 419 streets covered under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 990 per sq.ft, placing Raja Annamalai Street's 2024 guideline value above this median.

• Rail Nagar (Ward -2): Rs 661 per sq.ft (2024)
• Rail Nagar 9nd Street (Ward -2): Rs 661 per sq.ft (2024)
• Rail Nagar 8nd Street (Ward -2): Rs 661 per sq.ft (2024)
• Rail Nagar 7nd Street (Ward -2): Rs 661 per sq.ft (2024)
• Rail Nagar 6nd Street (Ward -2): Rs 661 per sq.ft (2024)
• Rail Nagar 5nd Street (Ward -2): Rs 661 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, 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.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

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. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Panangottur, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions adhere to the regulations set by the Registration Department.

Additionally, the guideline value serves as a reference point for both buyers and sellers, helping them understand the value of the property in the context of the local real estate market. This ensures transparency and compliance 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 back to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,760 per sq.ft in 2024.

What are the stamp duty and registration fees for properties 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.

Which office handles the registration for Raja Annamalai Street (Ward -8)?

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

What is the land classification for Raja Annamalai Street (Ward -8)?

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