Guideline Value for SRI CHAMUNDESWARI NAGAR ANNEXE

Sri Chamundeswari Nagar Annexe guideline value

The current guideline value of Sri Chamundeswari Nagar Annexe is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Arani village under the Arani_Tiruvallur SRO and is classified as Residential Class III Type - I.

How the guideline value of Sri Chamundeswari Nagar Annexe has changed

In the 2017 revision, the guideline value was set at Rs 167 per sq.ft. This figure increased by 50% to Rs 250 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision. The register has no figure for this street in the revisions of 2002, 2003, 2007, and 2012.

From the 2017 revision to the 2024 revision, the overall increase in guideline value is also 50%. The 2024 figure of Rs 250 per sq.ft is consistent with the 2023 revision, indicating stability in the guideline value over the past year.

Guideline values in Arani

In Arani, there are 51 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 600 per sq.ft, with a median value of Rs 300 per sq.ft. Sri Chamundeswari Nagar Annexe's 2024 figure is below this median.

• S.P.Koil Street: Rs 600 per sq.ft (2024)
• Sri Ragavendra Nagar: Rs 200 per sq.ft (2024)
• Sri Sai Avenue: Rs 200 per sq.ft (2024)
• Sri Sathya Saibaba Nagar Extension: Rs 300 per sq.ft (2024)
• Sri S.V. Nagar: Rs 200 per sq.ft (2024)
• Subramani Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Chamundeswari Nagar Annexe

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, resulting in a total of Rs 22,500. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Chamundeswari Nagar Annexe?

The Sri Chamundeswari Nagar Annexe falls under the jurisdiction of the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Arani. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, buyers must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Chamundeswari Nagar Annexe?

The current guideline value of Sri Chamundeswari Nagar Annexe is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023 and 2024, reflecting a 50% increase over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500.

Which Sub Registrar Office covers Sri Chamundeswari Nagar Annexe?

The Arani_Tiruvallur Sub Registrar Office covers Sri Chamundeswari Nagar Annexe, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone.

What is the land classification of Sri Chamundeswari Nagar Annexe?

Sri Chamundeswari Nagar Annexe is classified as Residential Class III Type - I, indicating its suitability for residential development.