Guideline Value for ARCHANA NAGAR EXTN

Archana Nagar Extn guideline value

The current guideline value of Archana Nagar Extn is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO, classified as Commercial Class I Type - II.

How the guideline value of Archana Nagar Extn has changed

The guideline value for Archana Nagar Extn has seen several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 2,000 per sq.ft. This value increased to Rs 3,000 per sq.ft in the 2023 revision, marking a 50% rise. The most recent revision in 2024 has set the guideline value at Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 65%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Archana Nagar Extn's 2024 figure above this median.

• Archana Nagar 2nd Cross ST: Rs 1,100 per sq.ft (2024)
• Archana Nagar: Rs 1,100 per sq.ft (2024)
• Arul Karunakaran Street: Rs 1,100 per sq.ft (2024)
• Anna Street 3st Cross St: Rs 1,320 per sq.ft (2024)
• Anna Street 2st Cross St: Rs 1,320 per sq.ft (2024)
• Anna Street 1st Cross St: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Archana Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Archana Nagar Extn?

The Sub Registrar Office that covers Archana Nagar Extn is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Peerklankaranai. It serves as a reference for determining the minimum value of a property for registration purposes. Buyers and sellers must consider this value to ensure compliance with local regulations during property transactions.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately and that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Archana Nagar Extn?

The current guideline value of Archana Nagar Extn is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,000 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, marking a 65% increase overall. The value rose to Rs 3,000 per sq.ft in 2023 before reaching the current figure.

What is the land classification for Archana Nagar Extn?

Archana Nagar Extn is classified as Commercial Class I Type - II. This classification can influence the types of developments permitted in the area.

Where can I find the Sub Registrar Office for Archana Nagar Extn?

The Tambaram Joint 1 Sub Registrar Office covers Archana Nagar Extn and is located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for properties in Archana Nagar Extn?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at a rate of 7%.