Guideline Value for Ariangar Anna Street

Ariangar Anna Street guideline value

The current guideline value of Ariangar Anna Street in Thiruneermalai village, under the Pammal SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Ariangar Anna Street has changed

Over the years, the guideline value of Ariangar Anna Street has seen significant changes. In the 2003 revision, the guideline value was Rs 312 per sq.ft, which increased to Rs 350 per sq.ft in 2007. The 2017 revision marked a substantial rise to Rs 1,340 per sq.ft, followed by an increase to Rs 2,000 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft. There are no figures available for the years 2002 and 2012 for this street.

From 2003 to 2024, the overall change in guideline value is +605%. Notably, the increase from 2023 to 2024 is +10%, while the jump from 2017 to 2023 was +49%. The most remarkable change occurred between 2007 and 2017, where the guideline value surged by +283%.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 6,240 per sq.ft, with a median value of Rs 2,420 per sq.ft. The guideline value for Ariangar Anna Street is below this median.

• Anna Street Extn., / Durga Nagar: Rs 2,420 per sq.ft (2024)
• Anna Street / Durga Nagar: Rs 2,420 per sq.ft (2024)
• Anna Nagar: Rs 2,200 per sq.ft (2024)
• Annai Thersa Street: Rs 2,420 per sq.ft (2024)
• Annai Thersa Main Road: Rs 2,420 per sq.ft (2024)
• Avaiyar Street: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Ariangar Anna Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ariangar Anna Street?

The Sub Registrar Office that covers Ariangar Anna Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, within the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in determining the stamp duty and registration fees when buying or selling property in Thiruneermalai. It serves as a benchmark for property transactions, ensuring that the government collects the appropriate taxes based on the property's value.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Ariangar Anna Street?

The current guideline value of Ariangar Anna Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 312 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of +605% over this period.

What is the land classification of Ariangar Anna Street?

Ariangar Anna Street is classified as Residential Class I Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, a property valued at Rs 22,00,000 would incur a total fee of Rs 1,98,000.

Where is the Sub Registrar Office for Ariangar Anna Street located?

The Sub Registrar Office covering Ariangar Anna Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.