Guideline Value for ARANERI TAMIZH SANGA STREET

Araneri Tamizh Sanga Street guideline value

The current guideline value of Araneri Tamizh Sanga Street is Rs 260 per sq.ft, effective from 1 July 2024. This street is located in Ammayarkuppam village and falls under the Ramakrishna Rajupettai SRO. The land classification for this street is Commercial Class I Type - II.

How the guideline value of Araneri Tamizh Sanga Street has changed

In the 2007 revision, the guideline value was Rs 150 per sq.ft. This figure increased to Rs 260 per sq.ft in the 2012 revision, marking a significant rise of 73%. However, in the 2017 revision, the value decreased to Rs 174 per sq.ft, a decline of 33%. The guideline value then saw a substantial increase to Rs 260 per sq.ft in the 2023 revision, and it remained the same in the 2024 revision, showing no change of 0% from the previous year. The register has no figures for the years 2002 and 2003 for this street.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 73%. The changes between the revisions highlight the fluctuations in the guideline value over the years, with the most significant increase occurring from 2012 to 2017 and then again from 2017 to 2023.

Guideline values in Ammayarkuppam

Ammayarkuppam has a total of 43 streets under the Ramakrishna Rajupettai SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 260 per sq.ft. The median guideline value for these streets is Rs 260 per sq.ft, which is equal to the guideline value of Araneri Tamizh Sanga Street.

• Anna Nagar St: Rs 241 per sq.ft (2024)
• Bajanai Koil St: Rs 241 per sq.ft (2024)
• Balapuram Selum Road: Rs 150 per sq.ft (2024)
• Bazzar Street: Rs 260 per sq.ft (2024)
• Beeranji St: Rs 241 per sq.ft (2024)
• Aavalagunda St: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Araneri Tamizh Sanga Street

For a 1,000 sq.ft plot at the current rate of Rs 260 per sq.ft, the guideline value amounts to Rs 2,60,000. The stamp duty at 7% would be Rs 18,200, and the registration fee at 2% would be Rs 5,200, bringing the total fees to Rs 23,400. 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 Araneri Tamizh Sanga Street?

The Sub Registrar Office that covers Araneri Tamizh Sanga Street is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical component in the registration process for property transactions in Ammayarkuppam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for calculating the costs associated with the transaction. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which can affect the overall expenses involved in the property transfer.

Frequently asked questions

What is the current guideline value of Araneri Tamizh Sanga Street?

The current guideline value of Araneri Tamizh Sanga Street is Rs 260 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 260 per sq.ft in 2024, reflecting an overall increase of 73% over this period.

What is the land classification for Araneri Tamizh Sanga Street?

The land classification for Araneri Tamizh Sanga Street is Commercial Class I Type - II.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Araneri Tamizh Sanga Street is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 2,60,000, the stamp duty would be Rs 18,200 at 7%.