Guideline Value for Aravind Annai Nagar-II

Aravind Annai Nagar-II guideline value

The current guideline value of Aravind Annai Nagar-II is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Karanaipuducheri village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Aravind Annai Nagar-II has changed

The guideline value for Aravind Annai Nagar-II has undergone several revisions over the years. The 2007 revision set the value at Rs 200 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012. However, it then decreased to Rs 804 per sq.ft in the 2017 revision. The 2023 revision maintained the value at Rs 1,200 per sq.ft, which remains unchanged in the 2024 revision.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 500%. The changes between the revisions show a 49% increase from 2017 to 2023, while there was a 33% decrease from 2012 to 2017. The substantial rise of 500% from 2007 to 2012 reflects a significant shift in the guideline value during that period.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,239 per sq.ft. The median guideline value for these streets is Rs 802 per sq.ft, placing Aravind Annai Nagar-II above this median value.

• Aravind Annai Nagar: Rs 1,200 per sq.ft (2024)
• Ashthalakshmi Nagar: Rs 800 per sq.ft (2024)
• Annai Tharesa Nagar: Rs 1,200 per sq.ft (2024)
• Bagavathi Nagar: Rs 701 per sq.ft (2024)
• Balaji Nagar-I & II: Rs 701 per sq.ft (2024)
• Amaravathi Avenue: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Aravind Annai Nagar-II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to 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.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Aravind Annai Nagar-II?

The Sub Registrar Office that covers Aravind Annai Nagar-II is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Karanaipuducheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, thereby influencing the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Aravind Annai Nagar-II?

The current guideline value of Aravind Annai Nagar-II 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 seen significant changes, with the most recent revision in 2024 maintaining the value at Rs 1,200 per sq.ft, which was also the value in 2023. The value increased from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2012 and has increased overall by 500% from 2007 to 2024.

What is the median guideline value for streets in Karanaipuducheri?

The median guideline value for the 108 streets in Karanaipuducheri under the Gooduvancheri SRO is Rs 802 per sq.ft, with Aravind Annai Nagar-II above this median at Rs 1,200 per sq.ft.

What are the stamp duty and registration fees for properties in Aravind Annai Nagar-II?

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.