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 Peramanoor village and falls under the Chengleput Joint II SRO, 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 seen several revisions over the years. The 2012 revision set the value at Rs 1,600 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,072 per sq.ft, marking a decline of 33%. Subsequently, the value rose significantly to Rs 1,600 per sq.ft in the 2023 revision, and then further increased to Rs 1,760 per sq.ft in the 2024 revision, reflecting a 10% increase.

From the 2017 revision to the 2023 revision, the value increased by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that the register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Raja Annamalai Street's 2024 figure of Rs 1,760 per sq.ft is above this 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, calculated at 7%, would be Rs 1,23,200, and the registration fee, at 2%, would be Rs 35,200. Therefore, the total cost for stamp duty and registration fees would be Rs 1,58,400. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, 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, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Peramanoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property being transacted. Buyers should be aware that the stamp duty and registration fees will be calculated based on the higher of the guideline value or the sale price, which can significantly impact the overall cost of the transaction.

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 (Ward -8)?

Raja Annamalai Street (Ward -8) is classified as Residential Special Type - III under the Chengleput Joint II SRO.

What are the stamp duty and registration fees for property 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 registrations for Raja Annamalai Street (Ward -8), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.