Guideline Value for Arigner Anna Nagar 9th Street

Arigner Anna Nagar 9th Street guideline value

The current guideline value of Arigner Anna Nagar 9th Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Neelankarai village, under the Neelankarai SRO, and falls under the Residential Class III Type - I land classification.

How the guideline value of Arigner Anna Nagar 9th Street has changed

The guideline value for Arigner Anna Nagar 9th Street has seen several revisions over the years. In 2012, the guideline value was set at Rs 1,500 per sq.ft, which then dropped to Rs 1,005 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, and then rose again to Rs 1,700 per sq.ft in 2024, marking a 13% increase from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 13%.

For the years 2002, 2003, and 2007, the register has no figure for this street. The 2023 to 2024 revision shows a notable increase of 13%, while the 2017 to 2023 revision indicates a substantial increase of 49%. The drop from 2012 to 2017 was 33%.

Guideline values in Neelankarai

In Neelankarai, there are 377 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 10,500 per sq.ft. The median guideline value in the area is Rs 2,200 per sq.ft, which means that the guideline value of Arigner Anna Nagar 9th Street is below this median.

• Arigner Anna Nagar 8th Street: Rs 1,700 per sq.ft (2024)
• Arigner Anna Nagar 7th Street: Rs 1,700 per sq.ft (2024)
• Arigner Anna Nagar 6th Street: Rs 1,700 per sq.ft (2024)
• Arigner Anna Nagar 5th Street: Rs 1,700 per sq.ft (2024)
• Arigner Anna Nagar 4th Street: Rs 1,700 per sq.ft (2024)
• Arigner Anna Nagar 3rd Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Arigner Anna Nagar 9th Street

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. 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 Arigner Anna Nagar 9th Street?

The Sub Registrar Office that covers Arigner Anna Nagar 9th Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process for property transactions in Neelankarai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it can influence the overall cost of the transaction. Buyers should ensure that the sale price is in line with the guideline value to avoid discrepancies during registration.

Frequently asked questions

What is the current guideline value of Arigner Anna Nagar 9th Street?

The current guideline value of Arigner Anna Nagar 9th Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the land classification for Arigner Anna Nagar 9th Street?

Arigner Anna Nagar 9th Street is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Which office handles the registration in Neelankarai?

The Neelankarai Sub Registrar Office handles the registration for properties in Neelankarai, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.