Guideline Value for ARINGAR ANNA STREET

Aringar Anna Street guideline value

The current guideline value of Aringar Anna Street in Zaminpallavaram village is Rs 3,520 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram SRO and is classified as Residential Class I Type - I.

How the guideline value of Aringar Anna Street has changed

The guideline value for Aringar Anna Street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 2,144 per sq.ft. Following this, the 2023 revision increased the value to Rs 3,200 per sq.ft, and the most recent 2024 revision raised it to Rs 3,520 per sq.ft.

In terms of percentage changes, the value increased by 49% from 2017 to 2023. The 2023 to 2024 revision saw an increase of 10%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Zaminpallavaram

Zaminpallavaram has a total of 638 streets under the Pallavaram SRO, with guideline values for 2024 ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Aringar Anna Street above this median.

• Arcot Jambulingam Street: Rs 3,850 per sq.ft (2024)
• Arasamara Street: Rs 2,750 per sq.ft (2024)
• Arulmurugan Nagar: Rs 3,850 per sq.ft (2024)
• Arulmurugan Nagar Exten.: Rs 3,850 per sq.ft (2024)
• Anumar Koil Street: Rs 3,850 per sq.ft (2024)
• Arulmurugan Ramamurthi Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Aringar Anna Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total fees together to Rs 3,16,800. It is important 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 Aringar Anna Street?

The Sub Registrar Office that covers Aringar Anna Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

You can find your SRO for more information.

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

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

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Aringar Anna Street?

The current guideline value of Aringar Anna Street is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2012 to Rs 2,144 per sq.ft in 2017, then back to Rs 3,200 per sq.ft in 2023, and finally to Rs 3,520 per sq.ft in 2024.

What is the land classification of Aringar Anna Street?

Aringar Anna Street is classified as Residential Class I Type - I under the Pallavaram SRO.

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

The stamp duty for a property valued at Rs 35,20,000 would be Rs 2,46,400, and the registration fee would be Rs 70,400, totaling Rs 3,16,800.

Where is the Sub Registrar Office for Aringar Anna Street located?

The Sub Registrar Office for Aringar Anna Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.