Guideline Value for Aringar Anna Street

Aringar Anna Street guideline value

The current guideline value of Aringar Anna Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Ramapuram village, under the Chennai South Joint II SRO, and is classified as Residential Class II Type - II.

How the guideline value of Aringar Anna Street has changed

The guideline value for Aringar Anna Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was a decrease of 33% from the Rs 1,675 per sq.ft recorded in the 2017 revision. The value remained unchanged at Rs 2,500 per sq.ft in the 2012 revision, but the subsequent 2017 revision saw a significant increase of 49% to Rs 2,500 per sq.ft in 2023.

With the latest 2024 revision, the guideline value has increased to Rs 2,750 per sq.ft, marking a 10% rise from the previous year's figure of Rs 2,500 per sq.ft. It is important to note that the register has no figure for Aringar Anna Street for the years 2002, 2003, and 2007.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 1,950 to Rs 6,600 per sq.ft, with a median value of Rs 3,100 per sq.ft. The 2024 guideline value for Aringar Anna Street is below this median.

• Arunachalam 1st Street: Rs 2,750 per sq.ft (2024)
• Arunachalam 2nd Street: Rs 2,750 per sq.ft (2024)
• ARUNACHALAM Street: Rs 2,750 per sq.ft (2024)
• Appadurai Street: Rs 3,100 per sq.ft (2024)
• ANNASAMY Street: Rs 3,100 per sq.ft (2024)
• Annai Sathya Nagar Extension: Rs 3,100 per sq.ft (2024)

Stamp duty and registration fee for property in Aringar Anna Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value is Rs 27,50,000. The stamp duty at 7% amounts to Rs 1,92,500, and the registration fee at 2% is Rs 55,000, bringing the total cost together to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aringar Anna Street?

The Sub Registrar Office that covers Aringar Anna Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Ramapuram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of a property.

When a property is sold or purchased, the guideline value is used to calculate the applicable duties. Buyers should be aware that the charges are based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Aringar Anna Street?

The current guideline value of Aringar Anna Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 10% since 2012.

What is the land classification for Aringar Anna Street?

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

What are the stamp duty and registration fees for properties in Aringar Anna Street?

For a property valued at Rs 27,50,000, the stamp duty is Rs 1,92,500 and the registration fee is Rs 55,000, totaling Rs 2,47,500.

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

The Sub Registrar Office for Aringar Anna Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.