Guideline Value for Arangannal Street

Arangannal Street guideline value

The current guideline value of Arangannal Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Tharamani village under the Adayar SRO and is classified as Residential Class II Type - I.

How the guideline value of Arangannal Street has changed

Over the years, the guideline value of Arangannal Street has seen significant changes. The register shows that in 2002, the guideline value was Rs 159 per sq.ft. It increased to Rs 300 per sq.ft in 2003, marking an increase of 89%. By 2007, the value rose dramatically to Rs 1,000 per sq.ft, reflecting a 233% increase. The value then experienced a substantial jump to Rs 2,500 per sq.ft in 2012, representing a 150% increase. However, from 2012 to 2017, it decreased to Rs 1,675 per sq.ft, a decline of 33%. The value climbed again to Rs 2,500 per sq.ft in 2023, and most recently, it reached Rs 2,800 per sq.ft in 2024, showing a 12% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1661%. There are no figures available for the revisions in years other than those specified.

Guideline values in Tharamani

In Tharamani village, there are 78 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 2,800 per sq.ft, which is the same as the current value for Arangannal Street.

• Anna Street: Rs 2,800 per sq.ft (2024)
• Avvai Street: Rs 2,800 per sq.ft (2024)
• Anbalagan Nagar Sathya Street: Rs 2,800 per sq.ft (2024)
• Anbalagan Nagar Putru Koil Street: Rs 2,800 per sq.ft (2024)
• Agasthiyar Street: Rs 2,800 per sq.ft (2024)
• Bharathi Nagar Bhavani Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Arangannal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% is Rs 1,96,000, and the registration fee at 2% is Rs 56,000, bringing the total fees together to Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Arangannal Street?

The Adayar Sub Registrar Office covers Arangannal Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Tharamani. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately in the official registry. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Arangannal Street?

The current guideline value of Arangannal Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Arangannal Street has changed significantly, increasing from Rs 159 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, marking an overall increase of 1661% over the years.

What is the land classification for Arangannal Street?

Arangannal Street is classified as Residential Class II Type - I, indicating its designation for residential use.

Where can I find the Adayar Sub Registrar Office?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value of the property or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a total fee of Rs 2,52,000.