Guideline Value for Arignaar Anna Nagar

Arignaar Anna Nagar guideline value

The current guideline value of Arignaar Anna Nagar is Rs 880 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I and falls under the Kanchipuram Joint IV SRO.

How the guideline value of Arignaar Anna Nagar has changed

The guideline value of Arignaar Anna Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which was later reduced to Rs 536 per sq.ft in the 2017 revision. However, the 2023 revision increased the value to Rs 800 per sq.ft, followed by a further increase to Rs 880 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

From 2017 to 2023, there was a significant increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, 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 Ist Division

In the Ist Division under the Kanchipuram Joint IV SRO, there are 79 streets with varying guideline values ranging from Rs 800 to Rs 3,300 per sq.ft. The median guideline value is Rs 880 per sq.ft, which is the same as the current value for Arignaar Anna Nagar.

• Anuman Nagar: Rs 880 per sq.ft (2024)
• Asthakiri Street: Rs 800 per sq.ft (2024)
• Anna Avenue: Rs 880 per sq.ft (2024)
• Amudhapadi Street: Rs 1,100 per sq.ft (2024)
• Amudapadi Back Street: Rs 1,100 per sq.ft (2024)
• Amankara Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Arignaar Anna Nagar

For a 1,000 sq.ft plot at the current rate of Rs 880 per sq.ft, the guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arignaar Anna Nagar?

The Sub Registrar Office that covers Arignaar Anna Nagar is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ist Division. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is documented at a fair value as per the government's regulations.

When you register a property, the guideline value helps determine the official value of the property for tax purposes. This value is essential for both buyers and sellers to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Arignaar Anna Nagar?

The current guideline value of Arignaar Anna Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification for Arignaar Anna Nagar?

Arignaar Anna Nagar is classified as Residential Class II Type - I, which indicates its suitability for residential development.

What are the stamp duty and registration fees for property in Arignaar Anna Nagar?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, these fees would total Rs 79,200.

Which office handles the registration for properties in Arignaar Anna Nagar?

The Kanchipuram Joint IV Sub Registrar Office handles the registration for properties in Arignaar Anna Nagar, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.