Guideline Value for Arignar Anna Street I St.,

Arignar Anna Street I St., guideline value

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

How the guideline value of Arignar Anna Street I St., has changed

The guideline value for Arignar Anna Street I St., has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 660 per sq.ft, an increase from Rs 600 per sq.ft in 2023, reflecting a 10% rise. Prior to that, in 2017, the value was Rs 402 per sq.ft, marking a significant increase of 49% from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no recorded figures for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

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

• Arignar Anna Street II St.,: Rs 660 per sq.ft (2024)
• Arignar Anna Street III St.,: Rs 660 per sq.ft (2024)
• Arignar Anna Street: Rs 660 per sq.ft (2024)
• Arignar Anna Cross Street: 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 Street I St.,

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total 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, bringing the total charges to Rs 59,400. It is important to note that 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 details.

Which Sub Registrar Office covers Arignar Anna Street I St.,?

The Sub Registrar Office that covers Arignar Anna Street I St., 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 the registration process when buying or selling property in Kunrathour-B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the registration process is transparent and reflects the current market conditions.

Frequently asked questions

What is the current guideline value of Arignar Anna Street I St.,?

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

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 402 per sq.ft to Rs 660 per sq.ft in 2024. This represents an overall increase of 64% over the seven-year period.

What is the land classification for Arignar Anna Street I St.,?

The land classification for Arignar Anna Street I St., is Residential Class II Type - II, indicating its suitability for residential development.

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. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Arignar Anna Street I St.,?

The Kunrathur Sub Registrar Office handles property registrations for Arignar Anna Street I St., located at No.59, Road Street, Kundrathur, Chennai -600 069.