Guideline Value for Arinyar Anna Salai / Road

Arinyar Anna Salai / Road guideline value

The current guideline value of Arinyar Anna Salai / Road is Rs 2,500 per sq.ft, effective from 1 July 2024. This road is located in Erukancherry village under the Madhavaram SRO and is classified as Residential Class III Type - I.

How the guideline value of Arinyar Anna Salai / Road has changed

The guideline value for Arinyar Anna Salai / Road has seen several revisions over the years. The 2012 revision set the value at Rs 2,300 per sq.ft, which was a decrease of 33% from the 2017 revision, where the value was Rs 1,541 per sq.ft. The next revision in 2023 increased the value to Rs 2,300 per sq.ft, followed by the current 2024 revision, which raised it to Rs 2,500 per sq.ft, marking a 9% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Erukancherry

In Erukancherry village, there are 376 streets under the Madhavaram SRO carrying a 2024 guideline value ranging from Rs 1,900 to Rs 3,800 per sq.ft, with the median value being Rs 2,500 per sq.ft. The guideline value for Arinyar Anna Salai / Road aligns with this median at Rs 2,500 per sq.ft.

• Appar Street: Rs 2,200 per sq.ft (2024)
• A.P. Arasu Street: Rs 2,500 per sq.ft (2024)
• A.P. Arasu 5th Cross Street: Rs 2,500 per sq.ft (2024)
• A.P. Arasu 4th Lane: Rs 2,500 per sq.ft (2024)
• A.P. Arasu 3rd Street: Rs 2,500 per sq.ft (2024)
• A.P. Arasu 3rd Lane: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in Arinyar Anna Salai / Road

For a 1,000 sq.ft plot at the current rate of Rs 2,500 per sq.ft, the guideline value amounts to Rs 25,00,000. The stamp duty at 7% would be Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, totaling Rs 2,25,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arinyar Anna Salai / Road?

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

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

The guideline value is a crucial factor when buying or selling property in Erukancherry. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that the transaction is recorded at a fair value.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Arinyar Anna Salai / Road?

The current guideline value of Arinyar Anna Salai / Road is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 per sq.ft in 2023 to Rs 2,500 per sq.ft in 2024, marking a 9% increase. It was Rs 1,541 per sq.ft in 2017 and Rs 2,300 per sq.ft in 2012, showing a 49% increase from 2017 to 2023.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Arinyar Anna Salai / Road is 7%. This is calculated based on the guideline value or the sale price, whichever is higher.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.

What is the land classification of Arinyar Anna Salai / Road?

Arinyar Anna Salai / Road is classified as Residential Class III Type - I, indicating its suitability for residential development.