Guideline Value for AARUTHRA SALAI MAIN SALAI

Aaruthra Salai Main Salai guideline value

The current guideline value of Aaruthra Salai Main Salai is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Manapakkam village and falls under the Chennai South Joint I SRO, classified as Residential Class IV Type - III.

How the guideline value of Aaruthra Salai Main Salai has changed

The guideline value for Aaruthra Salai Main Salai has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was later reduced to Rs 1,005 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, and then to Rs 1,650 per sq.ft in 2024. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2017 to 2023, there was a 49% increase in the guideline value, while the change from 2012 to 2017 reflected a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 12,800 per sq.ft. The median value for these streets is Rs 2,530 per sq.ft, placing Aaruthra Salai Main Salai's 2024 figure below this median.

• Aaruthra Salai Right 1st Cross Street: Rs 1,650 per sq.ft (2024)
• Aaruthra Salai Right 2nd Cross Street: Rs 1,650 per sq.ft (2024)
• Aaruthra Salai Right 3rd Cross Street: Rs 1,650 per sq.ft (2024)
• Ambethkar 1st Cross Street: Rs 2,420 per sq.ft (2024)
• Ambethkar 1st Main Right 1st Cross Street: Rs 2,420 per sq.ft (2024)
• Ambethkar 1st Main Right 2nd Cross Street: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Aaruthra Salai Main Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total charges to Rs 1,48,500. 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 accurate calculations based on your property's details.

Which Sub Registrar Office covers Aaruthra Salai Main Salai?

The Sub Registrar Office that covers Aaruthra Salai Main Salai is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Manapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to consider the guideline value, as it can impact the financial obligations associated with the transaction. Buyers should be aware that the final registration costs will depend on the higher value between the guideline value and the sale price.

Frequently asked questions

What is the current guideline value of Aaruthra Salai Main Salai?

The current guideline value of Aaruthra Salai Main Salai is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Aaruthra Salai Main Salai?

Aaruthra Salai Main Salai is classified as Residential Class IV Type - III under the Chennai South Joint I SRO.

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

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2% of the guideline value. For example, a 1,000 sq.ft plot would incur total charges of Rs 1,48,500.

Where can I find the Sub Registrar Office for Aaruthra Salai Main Salai?

The Sub Registrar Office for Aaruthra Salai Main Salai is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.