Guideline Value for Aringer Anna Street (1st Ward)

Aringer Anna Street (1st Ward) guideline value

The current guideline value of Aringer Anna Street (1st Ward) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Class IV Type - II.

How the guideline value of Aringer Anna Street (1st Ward) has changed

Over the years, the guideline value for Aringer Anna Street has seen several revisions. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, an increase from Rs 1,000 per sq.ft in 2023, marking a 10% rise. Prior to that, in 2017, the value was Rs 670 per sq.ft, which reflects a significant increase of 49% to the 2023 figure. The 2012 revision also listed the value at Rs 1,000 per sq.ft, but this was a decrease of 33% from the Rs 670 per sq.ft in 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

There are no recorded figures for Aringer Anna Street in the revisions of 2002, 2003, and 2007. This lack of data indicates that the guideline value for this street was not established during those years.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Aringer Anna Street for 2024 is below this median.

• Aravindan Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Arangan Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Arangan Cross Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Appar Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Appar Street (Ram Nagar): Rs 2,400 per sq.ft (2024)
• Appaduri Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Aringer Anna Street (1st Ward)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aringer Anna Street (1st Ward)?

The Sub Registrar Office that covers Aringer Anna Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

When buying or selling property in Oragadam, the guideline value plays a crucial role in the registration process. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

The guideline value is also used to calculate the stamp duty and registration fees applicable to the property transaction. Buyers should be aware that these fees are based on the guideline value or the actual sale price, whichever is higher, thus influencing the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Aringer Anna Street (1st Ward)?

The current guideline value of Aringer Anna Street (1st Ward) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024, a 10% increase. It was Rs 670 per sq.ft in 2017 and Rs 1,000 per sq.ft in 2012, showing a significant increase over the years.

What is the land classification of Aringer Anna Street?

Aringer Anna Street is classified as Residential Class IV Type - II, indicating its suitability for residential development.

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

The Sub Registrar Office for Aringer Anna Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How are stamp duty and registration fees calculated for properties in Oragadam?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft property at the guideline value of Rs 1,100 per sq.ft would incur a total fee of Rs 99,000, including both stamp duty and registration fees.