Guideline Value for Arignar Anna Street

Arignar Anna Street guideline value

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

How the guideline value of Arignar Anna Street has changed

The guideline value for Arignar Anna Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 660 per sq.ft, an increase from Rs 600 per sq.ft in 2023, marking a change of +10%. Prior to that, in 2017, the guideline value was Rs 402 per sq.ft, reflecting a significant increase of +49% to the 2023 figure. There are no figures available for the revisions in 2002, 2003, 2007, and 2012.

Overall, from 2017 to 2024, the guideline value has increased by +64%. This consistent rise indicates a notable adjustment in the valuation of properties along this street.

Guideline values in Kunrathour-B

Within Kunrathour-B, there are 325 streets under the Kunrathur SRO, with guideline values ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value in this area is Rs 1,540 per sq.ft, positioning Arignar Anna Street's 2024 figure below the median.

• Arignar Anna Cross 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 Street

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

Which Sub Registrar Office covers Arignar Anna Street?

The Sub Registrar Office that covers Arignar Anna 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 plays a crucial role in the registration process of property transactions in Kunrathour-B. It is used to determine the stamp duty and registration fees that buyers must pay when acquiring property in this area.

When selling property, the guideline value helps establish a baseline for the transaction, ensuring that both parties are aware of the minimum value recognized by the authorities. This value is essential for legal documentation and compliance during the registration process.

Frequently asked questions

What is the current guideline value of Arignar Anna Street?

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

How much has the guideline value changed over the years?

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

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 Cross Street, Arignar Anna Street III St., Arignar Anna Street II St., and Arignar Anna Street I St.

What fees are associated with buying property in Arignar Anna Street?

When purchasing property in Arignar Anna Street, buyers must pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

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

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