Guideline Value for Aravind Annai Nagar

Aravind Annai Nagar guideline value

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

How the guideline value of Aravind Annai Nagar has changed

Over the years, the guideline value of Aravind Annai Nagar has seen several revisions. The 2007 revision set the value at Rs 200 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in the 2012 revision, marking a 500% increase. However, in the 2017 revision, the value dropped to Rs 804 per sq.ft, a decrease of 33%. The value then rose to Rs 1,200 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years. The register has no figures for the years 2002 and 2003 for this street.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, when considering the changes from the 2007 revision to the current 2024 revision, the guideline value has increased by 500%.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO that carry a guideline value for 2024, 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's 2024 figure above this median.

• Aravind Annai Nagar-II: 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

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, charged at 7%, would amount to Rs 84,000, while the registration fee at 2% would be Rs 24,000. In total, the fees would come to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aravind Annai Nagar?

The Sub Registrar Office that covers Aravind Annai Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Karanaipuducheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, both the buyer and seller must consider the guideline value to avoid any discrepancies during registration. This value helps in ensuring transparency and compliance with local regulations in property transactions.

Frequently asked questions

What is the current guideline value of Aravind Annai Nagar?

The current guideline value of Aravind Annai Nagar 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 200 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2012, then decreased to Rs 804 per sq.ft in 2017, and returned to Rs 1,200 per sq.ft in 2023 and 2024.

What is the registration office for Aravind Annai Nagar?

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

How is stamp duty calculated in Aravind Annai Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% based on the guideline value.

What are the guideline values of other streets in Karanaipuducheri?

Other streets in Karanaipuducheri have varying guideline values, with rates ranging from Rs 400 to Rs 2,239 per sq.ft. For example, Ashthalakshmi Nagar has a guideline value of Rs 800 per sq.ft, while Amaravathi Avenue is valued at Rs 1,500 per sq.ft.