Guideline Value for ARINGNAR ANNA NAGAR / CROSS STREET

Aringnar Anna Nagar / Cross Street guideline value

The current guideline value of Aringnar Anna Nagar / Cross Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Manali village, under the Thiruvottiyur SRO, classified as Residential Special Type - II.

How the guideline value of Aringnar Anna Nagar / Cross Street has changed

The guideline value has seen several revisions over the years. In 2002, the value was Rs 173 per sq.ft, which increased to Rs 197 per sq.ft in 2003. Following this, the value rose significantly to Rs 400 per sq.ft in 2007, and then to Rs 1,100 per sq.ft in 2012. However, it decreased to Rs 737 per sq.ft in 2017. The value then increased to Rs 1,100 per sq.ft in 2023 before reaching the current rate of Rs 1,200 per sq.ft in 2024.

Between the revisions, notable changes include a 9% increase from 2023 to 2024, a 49% increase from 2017 to 2023, and a 175% increase from 2007 to 2012. The overall change from 2002 to 2024 is a substantial 594% increase. There are no figures available for the years not specifically mentioned for this street.

Guideline values in Manali

In Manali village, there are 84 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 1,001 to Rs 3,300 per sq.ft. The median value is Rs 1,200 per sq.ft, which aligns with the current guideline value of Aringnar Anna Nagar / Cross Street.

• Anna Street: Rs 1,500 per sq.ft (2024)
• Anna Salai / 1st Street & 2nd Street: Rs 1,550 per sq.ft (2024)
• Anbazhagan Street: Rs 1,550 per sq.ft (2024)
• Balaraman Street: Rs 1,500 per sq.ft (2024)
• Aamullai Voyal Street: Rs 1,200 per sq.ft (2024)
• Bharathidasan Street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Aringnar Anna Nagar / Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aringnar Anna Nagar / Cross Street?

The Sub Registrar Office covering Aringnar Anna Nagar / Cross Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Manali. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of property transactions.

When you buy or sell property, the guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government. It is essential for both buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Aringnar Anna Nagar / Cross Street?

The current guideline value of Aringnar Anna Nagar / Cross Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 173 per sq.ft in 2002 to Rs 1,200 per sq.ft in 2024, with several revisions in between, including a notable increase of 49% from 2017 to 2023.

What is the classification of land in Aringnar Anna Nagar / Cross Street?

The land classification for Aringnar Anna Nagar / Cross Street is Residential Special Type - II.

Where can I find the registration office for this area?

The registration office for Aringnar Anna Nagar / Cross Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 12,00,000 would incur a stamp duty of Rs 84,000 at 7%.