Guideline Value for Aringar anna Cross Street

Aringar anna Cross Street guideline value

The current guideline value of Aringar anna Cross Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village under the Tiruvallur Joint 1 SRO, and it falls under the Residential Class II Type - III land classification.

How the guideline value of Aringar anna Cross Street has changed

The guideline value for Aringar anna Cross Street has seen several revisions over the years. The earliest figure available is from 2007, where the guideline value was Rs 200 per sq.ft. This increased to Rs 500 per sq.ft in 2012, marking a significant rise of 150%. However, in 2017, the value decreased to Rs 335 per sq.ft, a drop of 33%. The value then increased to Rs 500 per sq.ft in 2023, followed by a further increase to Rs 550 per sq.ft in 2024, reflecting a 10% rise.

From 2017 to 2023, the increase was 49%. Overall, from 2007 to 2024, the guideline value has risen by 175%. It is important to note that there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO that have a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Aringar anna Cross Street is below this median.

• Aringar anna Street: Rs 550 per sq.ft (2024)
• Aroram Nagar: Rs 1,100 per sq.ft (2024)
• Arun Excello Apartment: Rs 1,100 per sq.ft (2024)
• Assori Street: Rs 2,200 per sq.ft (2024)
• Athiyaman Street: Rs 550 per sq.ft (2024)
• Avaishanmugam Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Aringar anna Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Aringar anna Cross Street?

The Sub Registrar Office that covers Aringar anna Cross Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Thiruvallur. It helps determine the stamp duty and registration fees that need to be paid during the transaction. The guideline value serves as a benchmark for property transactions, ensuring that the government collects appropriate taxes based on the property's value.

When a property is sold, the buyer and seller must adhere to the guideline value set for the property type and location. This ensures transparency and fairness in property transactions, as it prevents undervaluation and ensures that the government receives its due revenue from property sales.

Frequently asked questions

What is the current guideline value of Aringar anna Cross Street?

The current guideline value of Aringar anna Cross Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, reflecting an overall increase of 175% over the years.

What is the land classification for Aringar anna Cross Street?

Aringar anna Cross Street falls under the Residential Class II Type - III land classification.

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

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500, and the registration fee would be Rs 11,000, totaling Rs 49,500.

Which office handles the registration for Aringar anna Cross Street?

The Tiruvallur Joint 1 Sub Registrar Office handles the registration for Aringar anna Cross Street, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.