Guideline Value for Arignar Anna Street

Arignar Anna Street guideline value

The current guideline value of Arignar Anna Street is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Thundalkazhani village and falls under the Padappai SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Arignar Anna Street has changed

The guideline value for Arignar Anna Street has seen several revisions over the years. The 2017 revision recorded a value of Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in the 2023 revision. The latest revision in 2024 set the value at Rs 770 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. This means the only recorded values are from 2017, 2023, and 2024.

Guideline values in Thundalkazhani

In Thundalkazhani village, there are 10 streets under the Padappai SRO that have a 2024 guideline value, ranging from Rs 440 to Rs 2,500 per sq.ft. The median value among these streets is Rs 770 per sq.ft, which is equal to the guideline value of Arignar Anna Street.

• Kanniammal Koil Street: Rs 770 per sq.ft (2024)
• Maha Lakshmi Nagar: Rs 830 per sq.ft (2024)
• Manimangalam Road: Rs 770 per sq.ft (2024)
• M.R.T.Nagar: Rs 660 per sq.ft (2024)
• Ramaiah Nagar: Rs 550 per sq.ft (2024)
• Ramaiah Nagar Extension: Rs 2,500 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 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total fees together to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value and 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 Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Thundalkazhani. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher value is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Arignar Anna Street?

The current guideline value of Arignar Anna Street is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, and then to Rs 770 per sq.ft in 2024, showing an overall increase of 64% from 2017 to 2024.

What are the other streets in Thundalkazhani?

Other streets in Thundalkazhani include Kanniammal Koil Street, Maha Lakshmi Nagar, Manimangalam Road, M.R.T.Nagar, Ramaiah Nagar, and Ramaiah Nagar Extension, each with their respective guideline values for 2024.

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

When buying property in Arignar Anna Street, the stamp duty is charged at 7% of the higher of the guideline value or the sale price, and the registration fee is 2% of the same value.

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

The Sub Registrar Office for Arignar Anna Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.