Guideline Value for Aringer Anna Nagar

Aringer Anna Nagar guideline value

The current guideline value of Aringer Anna Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village under the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Aringer Anna Nagar has changed

Over the years, the guideline value for Aringer Anna Nagar has undergone several revisions. The oldest recorded figure is from 2012, where the guideline value was Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,340 per sq.ft in the 2017 revision, marking a significant drop of 33%. The latest revision in 2024 shows a substantial increase to Rs 2,200 per sq.ft, which represents a 64% rise from the 2017 figure.

From 2012 to 2024, the overall change in the guideline value is a modest increase of 10%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO carrying a 2024 guideline value that ranges from Rs 1,300 to Rs 7,500 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, placing Aringer Anna Nagar's 2024 figure above the median.

• Aringer Anna Nagar (Mettupalayam): Rs 2,200 per sq.ft (2024)
• Arigner Anna St ( Ward No.16 ): Rs 2,200 per sq.ft (2024)
• Arigner Anna Nagar (Ward-02): 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 Aringer Anna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value is Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aringer Anna Nagar?

The Sub Registrar Office that covers Aringer Anna Nagar is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Madhavaram. It is the minimum value set by the government for the purpose of calculating stamp duty and registration fees. When a property is bought or sold, the guideline value is used to determine the applicable charges, ensuring that both parties are aware of the financial obligations involved in the transaction.

Additionally, the guideline value is updated periodically to reflect changes in the real estate market. This ensures that the values remain relevant and in line with current market conditions, providing a fair basis for property transactions in the area.

Frequently asked questions

What is the current guideline value of Aringer Anna Nagar?

The current guideline value of Aringer Anna Nagar 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 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, and then increased to Rs 2,200 per sq.ft in 2024. The change from 2017 to 2024 is a 64% increase.

What is the land classification of Aringer Anna Nagar?

Aringer Anna Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

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 registrations for properties in the area.

How is stamp duty calculated for properties in Aringer Anna Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty at 7% would be Rs 1,54,000.