Guideline Value for ARIGNAR ANNA INDUSTRIAL ESTATE

Arignar Anna Industrial Estate guideline value

The current guideline value of Arignar Anna Industrial Estate is Rs 1,320 per sq.ft, effective from 1 July 2024. This property is located in Vanagaram village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Arignar Anna Industrial Estate has changed

The guideline value for Arignar Anna Industrial Estate has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 94 per sq.ft. This increased to Rs 116 per sq.ft in 2003, marking a change of +23%. The subsequent revision in 2007 saw a significant rise to Rs 500 per sq.ft, reflecting an increase of +331%. In 2012, the value was Rs 1,200 per sq.ft, which was a +140% change from the previous revision.

From 2012 to 2017, the guideline value decreased to Rs 804 per sq.ft, a change of -33%. The value then increased to Rs 1,200 per sq.ft in 2023, representing a +49% change. The most recent revision in 2024 set the guideline value at Rs 1,320 per sq.ft, which is a +10% increase from 2023. Overall, from 2002 to 2024, the guideline value has increased by +1304%.

Guideline values in Vanagaram

In Vanagaram, there are 287 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 5,500 per sq.ft. The median value for these streets is Rs 1,660 per sq.ft, indicating that the guideline value for Arignar Anna Industrial Estate is below this median.

• Arunachalam Nagar: Rs 1,925 per sq.ft (2024)
• Arunachalam Nagar 1st Street: Rs 1,925 per sq.ft (2024)
• Arunachalam Nagar 1 To 5 Street: Rs 1,925 per sq.ft (2024)
• Arunachalam Nagar 2nd Street: Rs 1,925 per sq.ft (2024)
• Arunachalam Nagar 3rd Street: Rs 1,925 per sq.ft (2024)
• Arunachalam Nagar 4th Street: Rs 1,925 per sq.ft (2024)

Stamp duty and registration fee for property in Arignar Anna Industrial Estate

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, while the registration fee at 2% would be Rs 26,400. This brings the total cost for stamp duty and registration fees to Rs 1,18,800. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arignar Anna Industrial Estate?

The Sub Registrar Office that covers Arignar Anna Industrial Estate is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Vanagaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Arignar Anna Industrial Estate?

The current guideline value of Arignar Anna Industrial Estate is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, starting from Rs 94 per sq.ft in 2002 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of +1304% over the years.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot at the current guideline value, the total cost for stamp duty and registration fees would be Rs 1,18,800, calculated based on the guideline value of Rs 13,20,000.

Which Sub Registrar Office handles registrations for Arignar Anna Industrial Estate?

The Chennai South Joint I Sub Registrar Office handles registrations for Arignar Anna Industrial Estate, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How does the guideline value affect property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is compared to the sale price, and the higher value is used to calculate the applicable duties, ensuring accurate registration of the property.