Guideline Value for Arignar Anna Street Lane

Arignar Anna Street Lane guideline value

The current guideline value of Arignar Anna Street Lane in Naravarikuppam village is Rs 1,870 per sq.ft, effective from 1 July 2024. This property falls under the Redhills SRO and is classified as Residential Class I Type - I.

How the guideline value of Arignar Anna Street Lane has changed

The guideline value for Arignar Anna Street Lane has undergone several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which saw a significant increase to Rs 1,700 per sq.ft in 2012. However, there was a decrease to Rs 1,139 per sq.ft in 2017. The value then rose sharply to Rs 1,700 per sq.ft in 2023 and has now increased to Rs 1,870 per sq.ft in 2024.

In summary, the changes in guideline value are as follows: from 2007 to 2012, there was an increase of 240%; from 2012 to 2017, the value decreased by 33%; from 2017 to 2023, it increased by 49%; and finally, from 2023 to 2024, there was a rise of 10%. The overall increase from 2007 to 2024 is 274%. The register has no figures for the years 2002 and 2003.

Guideline values in Naravarikuppam

In Naravarikuppam, there are 112 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value for Arignar Anna Street Lane is above this median.

• Arignar Anna Street (Park Street): Rs 1,870 per sq.ft (2024)
• Arignar Anna Street: Rs 1,870 per sq.ft (2024)
• Aruljothi Vallalar Nagar: Rs 2,200 per sq.ft (2024)
• Anna Street: Rs 1,870 per sq.ft (2024)
• Angamman Kovil Street: Rs 1,870 per sq.ft (2024)
• Bajanai Koil Street Lane: Rs 2,200 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value amounts to Rs 18,70,000. The stamp duty at 7% would be Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, bringing the total fees to Rs 1,68,300. 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 details.

Which Sub Registrar Office covers Arignar Anna Street Lane?

The Sub Registrar Office covering Arignar Anna Street Lane is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Naravarikuppam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring transparency in property dealings.

When buyers and sellers engage in property transactions, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that all parties are aware of the costs involved in the transaction, based on the established guideline value.

Frequently asked questions

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

The current guideline value of Arignar Anna Street Lane is Rs 1,870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,870 per sq.ft in 2024, reflecting an overall increase of 274% over the years.

What is the land classification for Arignar Anna Street Lane?

Arignar Anna Street Lane is classified as Residential Class I Type - I according to the guidelines.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 18,70,000, the stamp duty would be Rs 1,30,900 and the registration fee would be Rs 37,400, totaling Rs 1,68,300.

Which office handles registrations for Arignar Anna Street Lane?

The Redhills Sub Registrar Office handles registrations for Arignar Anna Street Lane, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.