Guideline Value for Archana Nagar 2nd Cross ST

Archana Nagar 2nd Cross ST guideline value

The current guideline value for Archana Nagar 2nd Cross ST is Rs 1,100 per sq.ft. This street is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Archana Nagar 2nd Cross ST has changed

In the 2012 revision, the guideline value was Rs 1,000 per sq.ft. This figure remained until the 2017 revision, which saw a decrease to Rs 670 per sq.ft, reflecting a decline of 33%. The subsequent 2023 revision increased the value to Rs 1,000 per sq.ft, followed by another increase in the 2024 revision, which set the value at Rs 1,100 per sq.ft, a rise of 10% from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value for Archana Nagar 2nd Cross ST is below this median.

• Archana Nagar: Rs 1,100 per sq.ft (2024)
• Archana Nagar Extn: Rs 3,300 per sq.ft (2024)
• Arul Karunakaran Street: Rs 1,100 per sq.ft (2024)
• Anna Street 3st Cross St: Rs 1,320 per sq.ft (2024)
• Anna Street 2st Cross St: Rs 1,320 per sq.ft (2024)
• Anna Street 1st Cross St: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Archana Nagar 2nd Cross ST

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Archana Nagar 2nd Cross ST?

The Sub Registrar Office that covers Archana Nagar 2nd Cross ST is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is essential in determining the stamp duty and registration fees when buying or selling property in Peerklankaranai. It serves as a benchmark for calculating these costs, ensuring that the transaction is registered at a fair value according to the local regulations.

When a property is sold, the guideline value is used to assess the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Archana Nagar 2nd Cross ST?

The current guideline value for Archana Nagar 2nd Cross ST is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes: it was Rs 1,000 per sq.ft in 2012, decreased to Rs 670 per sq.ft in 2017, increased to Rs 1,000 per sq.ft in 2023, and is now Rs 1,100 per sq.ft in 2024.

What is the stamp duty for property in Archana Nagar 2nd Cross ST?

The stamp duty for property in Archana Nagar 2nd Cross ST is 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 11,00,000 would incur a stamp duty of Rs 77,000.

Which office handles registrations for Archana Nagar 2nd Cross ST?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Archana Nagar 2nd Cross ST. It is located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification for Archana Nagar 2nd Cross ST?

The land classification for Archana Nagar 2nd Cross ST is Residential Class II Type - I, indicating its suitability for residential development.