Guideline Value for Arignar Anna Street

Arignar Anna Street guideline value

The current guideline value of Arignar Anna Street in Naravarikuppam village is Rs 1,870 per sq.ft, effective from 1 July 2024. This street falls under the Redhills SRO and is classified as Residential Class I 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. In 2007, the value was set at Rs 500 per sq.ft, which increased significantly to Rs 1,700 per sq.ft in 2012, marking a remarkable rise of 240%. However, this value decreased to Rs 1,139 per sq.ft in 2017, reflecting a decline of 33%. The value then rose again to Rs 1,700 per sq.ft in 2023, before increasing to the current rate of Rs 1,870 per sq.ft in 2024, representing a 10% increase.

Notably, there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 274%.

Guideline values in Naravarikuppam

In Naravarikuppam, there are 112 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, making Arignar Anna Street's current value above the median.

• Arignar Anna Street Lane: Rs 1,870 per sq.ft (2024)
• Arignar Anna Street (Park 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value would be Rs 18,70,000. The stamp duty at 7% would amount to 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 and the sale price.

For more information, 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 Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Naravarikuppam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, it is essential to consider the guideline value, as it can influence the transaction price and the associated costs. Buyers and sellers should be aware of the current guideline value to make informed decisions 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 1,870 per sq.ft, effective from 1 July 2024.

How much 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, marking an overall increase of 274% over the years.

What is the land classification for Arignar Anna Street?

Arignar Anna Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property in Arignar Anna Street?

For a 1,000 sq.ft plot, the total 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 the registration for properties on Arignar Anna Street?

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