Guideline Value for Arigner Anna St ( Ward No.16 )

Arigner Anna St ( Ward No.16 ) guideline value

The current guideline value of Arigner Anna St ( Ward No.16 ) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Arigner Anna St ( Ward No.16 ) has changed

The guideline value for Arigner Anna St has undergone several revisions over the years. The 2024 revision sets the value at Rs 2,200 per sq.ft, which is an increase from the 2023 figure of Rs 2,000 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 1,340 per sq.ft, reflecting a significant increase of 49% from 2017 to 2023. The 2012 revision also noted a value of Rs 2,000 per sq.ft, which was a decrease of 33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. The absence of these figures means we cannot assess the changes during those years. The historical values indicate fluctuations in the guideline value over time, reflecting changes in the real estate landscape.

Guideline values in Madhavaram

In Madhavaram, the guideline values for 2024 range from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value for Arigner Anna St ( Ward No.16 ) at Rs 2,200 per sq.ft is above this median, indicating its relative position within the village.

• Arigner Anna Nagar (Ward-02): Rs 2,200 per sq.ft (2024)
• Aringer Anna Nagar: Rs 2,200 per sq.ft (2024)
• Aringer Anna Nagar (Mettupalayam): Rs 2,200 per sq.ft (2024)
• Arul Nagar 1st st ( Ward No.3 ): Rs 2,200 per sq.ft (2024)
• Arul Nagar 2nd st ( Ward No.3 ): Rs 2,200 per sq.ft (2024)
• Arul Nagar 3rd st ( Ward No.3 ): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Arigner Anna St ( Ward No.16 )

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty, charged at 7%, would be Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, the total cost for stamp duty and registration would be Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arigner Anna St ( Ward No.16 )?

The Sub Registrar Office that covers Arigner Anna St ( Ward No.16 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

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

When buying or selling property, it is essential to consider the guideline value, as it affects the costs associated with the transaction. Buyers should be aware that the guideline value may differ from the sale price, and the higher amount will be used to calculate the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Arigner Anna St ( Ward No.16 )?

The current guideline value of Arigner Anna St ( Ward No.16 ) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, with various revisions in between. The most recent increase was from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024.

What is the land classification for Arigner Anna St ( Ward No.16 )?

Arigner Anna St ( Ward No.16 ) is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty rates applicable for property transactions?

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% applicable.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.