Guideline Value for ARIANGAR ANNA STREET 1st CROSS

ARIANGAR ANNA STREET 1st CROSS guideline value

The current guideline value for ARIANGAR ANNA STREET 1st CROSS is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Karapakkam village, under the Neelankarai SRO, and is classified as Residential Class II Type - III.

How the guideline value of ARIANGAR ANNA STREET 1st CROSS has changed

The guideline value for ARIANGAR ANNA STREET 1st CROSS has seen several revisions over the years. In 2012, the guideline value was Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,005 per sq.ft. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, and then rose again to Rs 1,700 per sq.ft in the 2024 revision, marking a 13% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value rose by 49%. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 13%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 10,700 per sq.ft. The median guideline value for these streets is Rs 1,700 per sq.ft, which is equal to the 2024 figure for ARIANGAR ANNA STREET 1st CROSS.

• Ariangar Anna Street: Rs 2,200 per sq.ft (2024)
• Arunachalam Street: Rs 1,100 per sq.ft (2024)
• Anna Street/Nagar: Rs 2,200 per sq.ft (2024)
• Avvaiyar Street: Rs 2,200 per sq.ft (2024)
• Avvaiyar Street (East): Rs 2,200 per sq.ft (2024)
• Avvaiyar Street (West): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in ARIANGAR ANNA STREET 1st CROSS

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers ARIANGAR ANNA STREET 1st CROSS?

The Sub Registrar Office that covers ARIANGAR ANNA STREET 1st CROSS is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Karapakkam. It determines the amount of stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is used to assess the transaction value for taxation purposes. This ensures that the government receives the appropriate revenue based on the established rates, which are periodically revised to reflect changes in the real estate market.

Frequently asked questions

What is the current guideline value for ARIANGAR ANNA STREET 1st CROSS?

The current guideline value for ARIANGAR ANNA STREET 1st CROSS is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the land classification for ARIANGAR ANNA STREET 1st CROSS?

ARIANGAR ANNA STREET 1st CROSS is classified as Residential Class II Type - III.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in ARIANGAR ANNA STREET 1st CROSS?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 1,19,000.