Guideline Value for Arignar Anna Nagar

Arignar Anna Nagar guideline value

The current guideline value of Arignar Anna Nagar is Rs 3,400 per sq.ft, effective from 1 July 2024. This area is located in Satthankadu village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - III.

How the guideline value of Arignar Anna Nagar has changed

The guideline value for Arignar Anna Nagar has undergone several revisions over the years. In 2002, the guideline value was Rs 264 per sq.ft, which increased to Rs 306 per sq.ft in 2003. Following this, there was a significant rise to Rs 800 per sq.ft in 2007, and by 2012, it had reached Rs 3,100 per sq.ft. However, this figure dropped to Rs 2,077 per sq.ft in 2017. The value then increased again to Rs 3,100 per sq.ft in 2023, culminating in the current value of Rs 3,400 per sq.ft in 2024.

Between the revisions, the most notable changes include a 288% increase from 2007 to 2012 and a 49% increase from 2017 to 2023. The overall increase from 2002 to 2024 is 1,188%. There are no figures available for any other years for this street in the register.

Guideline values in Satthankadu

In Satthankadu, there are 71 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value is Rs 3,400 per sq.ft, which is the same as the guideline value for Arignar Anna Nagar.

• Annammal Colony: Rs 3,400 per sq.ft (2024)
• Ayyapillai Thotta Street: Rs 3,400 per sq.ft (2024)
• Anna Colony: Rs 3,400 per sq.ft (2024)
• Ambal Street: Rs 3,400 per sq.ft (2024)
• Balakrishna Naidu Colony: Rs 3,400 per sq.ft (2024)
• Basin Road: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Arignar Anna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,400 per sq.ft, the total guideline value would be Rs 34,00,000. The stamp duty at 7% would be Rs 2,38,000, and the registration fee at 2% would be Rs 68,000, totaling Rs 3,06,000. 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 information.

Which Sub Registrar Office covers Arignar Anna Nagar?

The Sub Registrar Office that covers Arignar Anna Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO online for further assistance.

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

When buying or selling property in Satthankadu, the guideline value is utilized to determine the stamp duty and registration fees applicable to the transaction. This value serves as a benchmark for the minimum price at which a property can be registered, ensuring transparency in property transactions.

It is crucial for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of property transactions. The guideline value is updated periodically, reflecting changes in the real estate market and local conditions.

Frequently asked questions

What is the current guideline value of Arignar Anna Nagar?

The current guideline value of Arignar Anna Nagar is Rs 3,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 264 per sq.ft in 2002 to Rs 3,400 per sq.ft in 2024, marking an overall increase of 1,188% over the years.

What is the land classification for Arignar Anna Nagar?

Arignar Anna Nagar is classified as Residential Special Type - III, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value.

Where is the Sub Registrar Office for Arignar Anna Nagar located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019, covering Arignar Anna Nagar.