Guideline Value for Arignar Anna Street

Arignar Anna Street guideline value

The current guideline value of Arignar Anna Street in Padiyanallur village is Rs 660 per sq.ft, effective from 1 July 2024. This street falls under the Redhills SRO and is classified as Residential Class II Type - I.

How the guideline value of Arignar Anna Street has changed

The guideline value for Arignar Anna Street has undergone several revisions over the years. In 2003, the value was set at Rs 74 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2007. The value then rose to Rs 600 per sq.ft in 2012 before dropping to Rs 402 per sq.ft in 2017. The 2023 revision saw an increase to Rs 600 per sq.ft, and the most recent revision in 2024 raised it to Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 792%. It is important to note that the register has no figure for Arignar Anna Street for the year 2002.

Guideline values in Padiyanallur

Padiyanallur village has 132 streets under the Redhills SRO with a guideline value range from Rs 385 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, placing Arignar Anna Street's 2024 value below this median.

• Ashokar Cross Street (Bhavani Nagar): Rs 770 per sq.ft (2024)
• Ashokar Street (Bhavani Nagar): Rs 770 per sq.ft (2024)
• Ashoka Street: Rs 770 per sq.ft (2024)
• Anna Street: Rs 770 per sq.ft (2024)
• Annamalai Street: Rs 770 per sq.ft (2024)
• Athithanar Street: Rs 770 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 would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total cost for these fees to 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arignar Anna Street?

The Sub Registrar Office covering 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 more details.

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

The guideline value is a crucial factor during the registration process of property transactions in Padiyanallur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

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 has the guideline value changed over the years?

Since 2003, the guideline value has increased from Rs 74 per sq.ft to Rs 660 per sq.ft in 2024, marking an overall increase of 792% over this period.

What is the land classification for Arignar Anna Street?

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

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

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.

Where is the Sub Registrar Office for Arignar Anna Street located?

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