Guideline Value for Arizhnar Anna Street

Arizhnar Anna Street guideline value

The current guideline value of Arizhnar Anna Street is Rs 600 per sq.ft. This street is located in Molachoor village, under the Sunguvarchattram SRO, and is classified as Residential Special Type - III.

How the guideline value of Arizhnar Anna Street has changed

The guideline value for Arizhnar Anna Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 600 per sq.ft, which remained the same in the 2017 revision. However, in the 2017 revision, the value increased significantly to Rs 402 per sq.ft, marking a 49% increase by the 2023 revision, which also maintained the value at Rs 600 per sq.ft. The current 2024 revision continues this trend, with the guideline value remaining at Rs 600 per sq.ft, reflecting no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. This lack of data means that the first recorded guideline value for Arizhnar Anna Street is from 2012.

Guideline values in Molachoor

In Molachoor village, there are 112 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 2,000 per sq.ft. The median value for these streets is Rs 600 per sq.ft, which aligns with the current guideline value of Arizhnar Anna Street.

• Anthoniyar Avenue: Rs 605 per sq.ft (2024)
• Anthaiyya Naidu Street: Rs 450 per sq.ft (2024)
• Anthaiya Nagar: Rs 605 per sq.ft (2024)
• Annai Velanganni Nagar: Rs 300 per sq.ft (2024)
• Annai Sivakami Street: Rs 300 per sq.ft (2024)
• AVN Nagar: Rs 605 per sq.ft (2024)

Stamp duty and registration fee for property in Arizhnar Anna Street

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total to Rs 54,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arizhnar Anna Street?

The Sub Registrar Office that covers Arizhnar Anna Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Molachoor. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as determined by the government.

When a property is registered, the guideline value is used to assess the applicable fees. Buyers and sellers must be aware that the stamp duty is charged based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Arizhnar Anna Street?

The current guideline value of Arizhnar Anna Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft since the 2012 revision, with a significant increase from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023. The value has not changed from 2023 to 2024.

What is the land classification of Arizhnar Anna Street?

Arizhnar Anna Street is classified as Residential Special Type - III, indicating its suitability for residential development.

Where can I find the registration office for Arizhnar Anna Street?

The registration office for Arizhnar Anna Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Molachoor?

Stamp duty for properties in Molachoor is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000, leading to a stamp duty of Rs 42,000 at 7%.