Guideline Value for ARAVIND NAGAR ANNEXE

Aravind Nagar Annexe guideline value

The current guideline value of Aravind Nagar Annexe is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in Sundaracholavaram village and falls under the Kunrathur SRO. The land classification for this property is Residential Class I Type - I.

How the guideline value of Aravind Nagar Annexe has changed

The guideline value for Aravind Nagar Annexe has undergone several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which was then reduced to Rs 536 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value saw a significant increase of 49%, bringing it up to Rs 800 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 880 per sq.ft, a rise of 10% from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sundaracholavaram

Sundaracholavaram village has 57 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,600 per sq.ft. The median value for these streets is Rs 660 per sq.ft, placing Aravind Nagar Annexe's 2024 figure above this median.

• Aravind Nagar Extension: Rs 660 per sq.ft (2024)
• Aravind Nagar: Rs 660 per sq.ft (2024)
• Avadi Paruthippattu Road: Rs 660 per sq.ft (2024)
• Annai Nagar: Rs 550 per sq.ft (2024)
• AzhagarSwamy Nager: Rs 660 per sq.ft (2024)
• Bajanai koil I st Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Aravind Nagar Annexe

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees together to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aravind Nagar Annexe?

The Sub Registrar Office that covers Aravind Nagar Annexe is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Sundaracholavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the buyer and seller must ensure that the sale price is in line with the guideline value. This ensures that the appropriate taxes are calculated based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Aravind Nagar Annexe?

The current guideline value of Aravind Nagar Annexe is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification for Aravind Nagar Annexe?

The land classification for Aravind Nagar Annexe is Residential Class I Type - I.

Where can I find the registration office for Aravind Nagar Annexe?

The registration office for Aravind Nagar Annexe is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Aravind Nagar Annexe?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 880 per sq.ft would incur a total stamp duty of Rs 61,600.