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 Sattamangalam 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 guideline value was set at Rs 1,600 per sq.ft. This amount remained unchanged until the 2017 revision, which saw a decrease of 33%, bringing the value down to Rs 1,072 per sq.ft. The value then increased significantly by 49% in the 2023 revision to Rs 1,600 per sq.ft, before rising again to Rs 1,760 per sq.ft in the 2024 revision, marking a 10% increase.

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

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in this area 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, bringing the total to Rs 1,58,400. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, 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, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process of property transactions in Sattamangalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the financial implications of the transaction. It is important to note that the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price, which can significantly affect the total 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 back 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 for Raja Annamalai Street (Ward -8)?

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

What are the other streets in Sattamangalam with guideline values?

Other streets in Sattamangalam under the Chengleput Joint II SRO include Rail Nagar and its various streets, all valued at Rs 1,100 per sq.ft in 2024.

Where is the Sub Registrar Office for Raja Annamalai Street (Ward -8) located?

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