Guideline Value for Arignar Anna Cross Street

Arignar Anna Cross Street guideline value

The current guideline value of Arignar Anna Cross Street is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village under the Kunrathur SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Arignar Anna Cross Street has changed

In the 2017 revision, the guideline value was Rs 402 per sq.ft. This figure increased significantly in the 2023 revision to Rs 600 per sq.ft, marking a 49% increase. The most recent revision in 2024 set the guideline value at Rs 660 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft, with a median value of Rs 1,540 per sq.ft. The guideline value of Arignar Anna Cross Street is below this median.

• Arignar Anna Street: Rs 660 per sq.ft (2024)
• Arignar Anna Street III St.,: Rs 660 per sq.ft (2024)
• Arignar Anna Street II St.,: Rs 660 per sq.ft (2024)
• Arignar Anna Street I St.,: Rs 660 per sq.ft (2024)
• Arul Jothi Nagar: Rs 1,210 per sq.ft (2024)
• Arulmurugan Nagar: Rs 1,210 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, while the registration fee at 2% would be Rs 13,200. Together, these fees total Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arignar Anna Cross Street?

The Sub Registrar Office that covers Arignar Anna Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor in property transactions as it determines the stamp duty and registration fees payable during the sale or purchase of a property. When registering a property, buyers must pay the stamp duty based on the guideline value or the sale price, whichever is higher.

This system ensures that the government receives appropriate revenue from property transactions, and it helps in maintaining a standard valuation for properties in the area. Buyers and sellers should be aware of the current guideline value to make informed decisions during property transactions.

Frequently asked questions

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

The current guideline value of Arignar Anna Cross Street is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 402 per sq.ft in 2017 to Rs 660 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

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

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400.

Which Sub Registrar Office is responsible for Arignar Anna Cross Street?

The Kunrathur Sub Registrar Office is responsible for Arignar Anna Cross Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What are the other streets with the same guideline value in Kunrathour-B?

Other streets in Kunrathour-B with the same guideline value of Rs 660 per sq.ft include Arignar Anna Street, Arignar Anna Street III St., Arignar Anna Street II St., and Arignar Anna Street I St.