Guideline Value for ARIGNAR ANNA NAGAR

Arignar Anna Nagar guideline value

The current guideline value of Arignar Anna Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024. This area falls under Perambur village and is classified as Residential Class III Type - II, with the Purasaivakkam SRO overseeing its registration.

How the guideline value of Arignar Anna Nagar has changed

The guideline value for Arignar Anna Nagar has seen several revisions over the years. In 2002, the value was Rs 420 per sq.ft, which increased to Rs 461 per sq.ft in 2003, marking a 10% rise. The value continued to climb, reaching Rs 550 per sq.ft in 2007, reflecting a 19% increase. The next revision in 2012 saw a significant jump to Rs 2,500 per sq.ft, a rise of 355%. However, this was followed by a decline to Rs 1,675 per sq.ft in 2017, a decrease of 33%. The value then increased to Rs 2,500 per sq.ft in 2023, before reaching the current rate of Rs 2,700 per sq.ft in 2024, representing an 8% increase.

Overall, from 2002 to 2024, the guideline value has increased by 543%. The register has no figures for the years between 2012 and 2017, as well as for the years prior to 2002 and after 2024.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, which is equal to the guideline value of Arignar Anna Nagar.

• Appu Maistry Street: Rs 3,800 per sq.ft (2024)
• Arumugam Pillai Street: Rs 2,700 per sq.ft (2024)
• Arunasalam Street: Rs 2,200 per sq.ft (2024)
• Annaswamy Street: Rs 3,800 per sq.ft (2024)
• Arunthathipuram: Rs 2,200 per sq.ft (2024)
• Anna Street. Kakkanji Colony: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Arignar Anna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000. Together, the total cost for stamp duty and registration would be Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Arignar Anna Nagar?

The Sub Registrar Office that covers Arignar Anna Nagar is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Perambur, as it determines the minimum value at which a property can be registered. This value is used by the registration department to calculate the stamp duty and registration fees applicable to the transaction.

When a buyer or seller approaches the Sub Registrar Office, the guideline value will be referenced to ensure that the property is registered at a value that reflects current market conditions. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Arignar Anna Nagar?

The current guideline value of Arignar Anna Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, from Rs 420 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, representing an overall increase of 543%.

What is the land classification of Arignar Anna Nagar?

Arignar Anna Nagar is classified as Residential Class III Type - II.

Where is the Purasaivakkam Sub Registrar Office located?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated in Arignar Anna Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,00,000, the stamp duty at 7% would be Rs 1,89,000.