Guideline Value for Aringnar Anna Avenue

Aringnar Anna Avenue guideline value

The current guideline value of Aringnar Anna Avenue is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the Virugambakkam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Aringnar Anna Avenue has changed

The guideline value of Aringnar Anna Avenue has seen several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a 400% rise. However, this value decreased to Rs 1,675 per sq.ft in 2017, a decline of 33%. The value then rose to Rs 2,500 per sq.ft in 2023, followed by a further increase to Rs 2,750 per sq.ft in 2024, reflecting a 10% change.

There are no guideline value figures available for Aringnar Anna Avenue for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with 2024 guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value in the area is Rs 3,850 per sq.ft, placing Aringnar Anna Avenue's 2024 figure below this median.

• Arignar Anna Avenue Cross Street: Rs 2,750 per sq.ft (2024)
• Arcot Road: Rs 8,800 per sq.ft (2024)
• Arumuga Navalar Street: Rs 4,950 per sq.ft (2024)
• Anna Street: Rs 3,300 per sq.ft (2024)
• Ashtalakshmi Nagar: Rs 3,850 per sq.ft (2024)
• Ashtalakshmi Nagar 2nd Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Aringnar Anna Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total 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.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Aringnar Anna Avenue?

The Sub Registrar Office that covers Aringnar Anna Avenue is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction, ensuring that these fees are calculated based on the official valuation of the property.

When buying or selling a property, it is essential to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. Buyers should ensure that they are informed about the guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Aringnar Anna Avenue?

The current guideline value of Aringnar Anna Avenue 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 increased from Rs 500 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 450%.

What are the stamp duty and registration fees for a property in Aringnar Anna Avenue?

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

Which Sub Registrar Office covers this area?

The Virugambakkam Sub Registrar Office covers Aringnar Anna Avenue, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification of Aringnar Anna Avenue?

Aringnar Anna Avenue is classified as Residential Class IV Type - I.