Guideline Value for Arignar Anna Avenue Cross Street

Arignar Anna Avenue Cross Street guideline value

The current guideline value of Arignar Anna Avenue Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the Virugambakkam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Arignar Anna Avenue Cross Street has changed

The guideline value for Arignar Anna Avenue Cross Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 2,500 per sq.ft. This figure decreased to Rs 1,675 per sq.ft in the 2017 revision, marking a decline of 33%. However, the guideline value saw a significant increase in the 2024 revision, rising to Rs 2,750 per sq.ft, which represents a 64% increase from the 2017 figure.

There are no recorded figures for the years 2002, 2003, 2007, and 2023 for this street. Overall, from 2012 to 2024, the guideline value has seen a slight increase of 10%.

Guideline values in Valasaravakkam

In Valasaravakkam, there are a total of 774 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value for the area is Rs 3,850 per sq.ft, placing Arignar Anna Avenue Cross Street's 2024 figure below this median.

• Arcot Road: Rs 8,800 per sq.ft (2024)
• Aringnar Anna Avenue: Rs 2,750 per sq.ft (2024)
• Arumuga Navalar Street: Rs 4,950 per sq.ft (2024)
• Anna Street: Rs 3,300 per sq.ft (2024)
• Ashtalakshmi Nagar: Rs 3,850 per sq.ft (2024)
• Ashtalakshmi Nagar 2nd Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Arignar Anna Avenue Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty, charged at 7%, would be Rs 1,92,500, while the registration fee at 2% would be Rs 55,000, bringing the total cost to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arignar Anna Avenue Cross Street?

The Sub Registrar Office that covers Arignar Anna Avenue Cross Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is assessed to ensure that the appropriate fees are collected. This value is used to protect both the buyer and seller, ensuring that the transaction is recorded accurately and fairly.

Frequently asked questions

What is the current guideline value of Arignar Anna Avenue Cross Street?

The current guideline value of Arignar Anna Avenue Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, and then to Rs 2,750 per sq.ft in 2024. This represents a 64% increase from 2017 to 2024.

What are the other streets in Valasaravakkam and their guideline values?

Other streets in Valasaravakkam include Arcot Road at Rs 8,800 per sq.ft, Arumuga Navalar Street at Rs 4,950 per sq.ft, and Anna Street at Rs 3,300 per sq.ft, among others.

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

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total cost would be Rs 2,47,500.

Where can I find the Sub Registrar Office for Arignar Anna Avenue Cross Street?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find more information about your SRO through the provided link.