Guideline Value for ARCH ANTHONY NAGAR

Arch Anthony Nagar guideline value

The current guideline value of Arch Anthony Nagar is Rs 555 per sq.ft, effective from 1 July 2024. This street is located in Vellanoor-1 village, under the Avadi Sub Registrar Office (SRO), and is classified as Residential Class I Type - I.

How the guideline value of Arch Anthony Nagar has changed

Since the register has no figures for the years 2002, 2003, 2007, 2012, and 2017, we can only look at the more recent revisions. The guideline value was Rs 500 per sq.ft in the 2023 revision, and it increased by 11% to Rs 555 per sq.ft in the 2024 revision.

This change reflects the current guideline value, which is now equal to the median value of Rs 555 per sq.ft for other streets in Vellanoor-1. The previous revisions did not provide any figures for Arch Anthony Nagar.

Guideline values in Vellanoor-1

In Vellanoor-1, there are 34 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,980 per sq.ft. Arch Anthony Nagar's guideline value is equal to the median of Rs 555 per sq.ft. Below are other streets in Vellanoor-1:

• Arubadai Nagar: Rs 440 per sq.ft (2024)
• Anitha Nagar: Rs 555 per sq.ft (2024)
• Anbu Nagar Annexe: Rs 555 per sq.ft (2024)
• Anbu Nagar: Rs 555 per sq.ft (2024)
• Bharathi Nagar: Rs 555 per sq.ft (2024)
• Bhavani Nagar: Rs 555 per sq.ft (2024)

Stamp duty and registration fee for property in Arch Anthony Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 555 per sq.ft, the total guideline value amounts to Rs 5,55,000. The stamp duty, charged at 7%, would be Rs 38,850, and the registration fee at 2% would be Rs 11,100, bringing the total fees to Rs 49,950. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arch Anthony Nagar?

The Sub Registrar Office that covers Arch Anthony Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Vellanoor-1

The guideline value is a crucial factor during the registration process of property transactions in Vellanoor-1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value will be compared to the sale price, and the higher of the two will be used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Arch Anthony Nagar?

The current guideline value of Arch Anthony Nagar is Rs 555 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2023 to Rs 555 per sq.ft in 2024, reflecting an increase of 11%. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Arch Anthony Nagar?

Arch Anthony Nagar is classified as Residential Class I Type - I, which indicates its designation for residential purposes within the area.

What are the stamp duty and registration fees for a property in Arch Anthony Nagar?

For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 38,850, and the registration fee would be Rs 11,100, totaling Rs 49,950. These fees are calculated based on the higher of the guideline value or the sale price.

Which office handles the registration for Arch Anthony Nagar?

The Avadi Sub Registrar Office handles the registration for Arch Anthony Nagar. It is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.