Guideline Value for A.R.N. NAGAR ANNEXE

A.R.N. Nagar Annexe guideline value

The current guideline value of A.R.N. Nagar Annexe is Rs 2,700 per sq.ft, effective from 1 July 2024. This property is located in Korattur village, under the Villivakkam SRO, and is classified as Residential Class I Type - III.

How the guideline value of A.R.N. Nagar Annexe has changed

The guideline value for A.R.N. Nagar Annexe has undergone several revisions over the years. The earliest recorded revision was in 2007, where the guideline value was Rs 375 per sq.ft. This figure saw a significant increase to Rs 2,500 per sq.ft in 2012, remaining unchanged through the 2023 revision. The 2024 revision has increased the guideline value to Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

Notably, there are no recorded figures for the years 2002, 2003, and 2017 for this street. Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 620%.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO, with guideline values ranging from Rs 1,100 to Rs 8,200 per sq.ft as of 2024. The median guideline value in the village is Rs 2,500 per sq.ft, which means A.R.N. Nagar Annexe's current value is above that median.

• A.R.N. Nagar: Rs 2,700 per sq.ft (2024)
• Ashok Nagar: Rs 1,300 per sq.ft (2024)
• Anugraha Apartments: Rs 2,500 per sq.ft (2024)
• Antony Street: Rs 1,300 per sq.ft (2024)
• Annai Therasa Nagar: Rs 1,300 per sq.ft (2024)
• Annai Nagar/Streets: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in A.R.N. Nagar Annexe

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost for these fees to Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator to estimate fees for other properties.

Which Sub Registrar Office covers A.R.N. Nagar Annexe?

A.R.N. Nagar Annexe falls under the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Korattur. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of A.R.N. Nagar Annexe?

The current guideline value of A.R.N. Nagar Annexe is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 375 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, with notable changes in 2012 and 2023 where the value remained at Rs 2,500 per sq.ft.

What are the stamp duty and registration fees for A.R.N. Nagar Annexe?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000, and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which Sub Registrar Office handles A.R.N. Nagar Annexe?

The Villivakkam Sub Registrar Office handles A.R.N. Nagar Annexe, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

Are there other streets with guideline values in Korattur?

Yes, there are several other streets in Korattur with guideline values ranging from Rs 1,100 to Rs 8,200 per sq.ft. A.R.N. Nagar Annexe's value is above the median of Rs 2,500 per sq.ft.