Guideline Value for ARIGNAR ANNA STREET

Arignar Anna Street guideline value

The current guideline value of Arignar Anna Street is Rs 5,300 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village and falls under the Kodambakkam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Arignar Anna Street has changed

The guideline value for Arignar Anna Street has seen several revisions over the years. In 2003, the guideline value was Rs 1,008 per sq.ft, which increased to Rs 1,250 per sq.ft in 2007. Following this, the value rose significantly to Rs 4,900 per sq.ft in 2012, but then dropped to Rs 3,283 per sq.ft in 2017. The value increased again to Rs 4,900 per sq.ft in 2023 and is now Rs 5,300 per sq.ft in 2024. The register has no figure for this street in 2002.

From 2017 to 2023, the guideline value increased by 49%, while the change from 2023 to 2024 reflects an increase of 8%. Overall, from 2003 to 2024, the guideline value has risen by 426%. The fluctuations in the guideline value highlight the changes in the real estate landscape over the years.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median value for these streets is Rs 6,000 per sq.ft, placing Arignar Anna Street's 2024 figure below the median.

• Arunachalapuram Street: Rs 5,700 per sq.ft (2024)
• Ashoka Nagar: Rs 5,000 per sq.ft (2024)
• Ashoka Nagar Main Road: Rs 5,000 per sq.ft (2024)
• Ashoka Nagar West Street: Rs 6,000 per sq.ft (2024)
• Anna Street: Rs 5,700 per sq.ft (2024)
• Annamalai Maistry Street/ Annamalai Cross Street: Rs 7,000 per sq.ft (2024)

Stamp duty and registration fee for property in Arignar Anna Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,300 per sq.ft, the total guideline value amounts to Rs 53,00,000. The stamp duty at 7% would be Rs 3,71,000, and the registration fee at 2% would be Rs 1,06,000, bringing the total to Rs 4,77,000. It is important to note that the 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 Arignar Anna Street?

The Sub Registrar Office that covers Arignar Anna Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Arumbakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value ensures that the government receives the appropriate revenue from property transactions. It is essential for both parties to understand the implications of the guideline value to avoid any unexpected costs during the registration process.

Frequently asked questions

What is the current guideline value of Arignar Anna Street?

The current guideline value of Arignar Anna Street is Rs 5,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,008 per sq.ft in 2003 to Rs 5,300 per sq.ft in 2024, reflecting an overall increase of 426% over the years.

What are the stamp duty and registration fees for property in Arignar Anna Street?

For a property valued at Rs 53,00,000, the stamp duty would be Rs 3,71,000 and the registration fee would be Rs 1,06,000, totaling Rs 4,77,000.

Which Sub Registrar Office is responsible for Arignar Anna Street?

The Kodambakkam Sub Registrar Office is responsible for Arignar Anna Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the land classification for Arignar Anna Street?

The land classification for Arignar Anna Street is Residential Class II Type - I.