Guideline Value for Archana Nagar

Archana Nagar guideline value

The current guideline value of Archana Nagar is Rs 3,100 per sq.ft, effective from 1 July 2024. This area is located in 44.Ayanambakkam village under the Konnur SRO, classified as Residential Special Type - I.

How the guideline value of Archana Nagar has changed

The guideline value for Archana Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 1,943 per sq.ft. This figure increased to Rs 2,900 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 brought the value up to Rs 3,100 per sq.ft, reflecting a 7% increase from the previous year. The overall change from 2017 to 2024 is a substantial 60% increase.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. This lack of data means that the guideline value has been established based on the revisions from 2017 onwards.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO with a 2024 guideline value ranging from Rs 801 to Rs 9,702 per sq.ft. The median value for these streets is Rs 1,300 per sq.ft, placing Archana Nagar's 2024 figure above this median.

• Anna Nagar 4th Street: Rs 1,700 per sq.ft (2024)
• Anna Nagar 3nd Steet: Rs 1,700 per sq.ft (2024)
• Anna Nagar 2nd Steet: Rs 1,700 per sq.ft (2024)
• Annanagar 1st Street: Rs 1,700 per sq.ft (2024)
• Anna Nagar: Rs 1,700 per sq.ft (2024)
• Ashwath Meadows Phase - I: Rs 2,130 per sq.ft (2024)

Stamp duty and registration fee for property in Archana Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,100 per sq.ft, the total guideline value amounts to Rs 31,00,000. The stamp duty at 7% would be Rs 2,17,000, and the registration fee at 2% would be Rs 62,000, making the total fees Rs 2,79,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Archana Nagar?

The Sub Registrar Office that covers Archana Nagar is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a crucial factor during property registration in 44.Ayanambakkam. 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, it is essential to be aware of the guideline value as it influences the overall costs involved in the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any legal complications during the registration process.

Frequently asked questions

What is the current guideline value of Archana Nagar?

The current guideline value of Archana Nagar is Rs 3,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,943 per sq.ft to Rs 3,100 per sq.ft in 2024, reflecting an overall increase of 60%.

What is the land classification of Archana Nagar?

Archana Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Archana Nagar?

The Konnur Sub Registrar Office covers Archana Nagar and is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is the stamp duty calculated for property in Archana Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 31,00,000, the stamp duty would be Rs 2,17,000 at 7%.