Guideline Value for AARUTHRA SALAI RIGHT 1ST CROSS STREET

Aaruthra Salai Right 1st Cross Street guideline value

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

How the guideline value of Aaruthra Salai Right 1st Cross Street has changed

The guideline value for Aaruthra Salai Right 1st Cross Street has seen several revisions over the years. In 2012, the value was set at Rs 1,500 per sq.ft, which then decreased 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 further rose to Rs 1,650 per sq.ft in 2024, marking a 10% increase from the previous year. Overall, the guideline value has increased by 10% from 2012 to 2024.

From 2017 to 2023, there was a substantial increase of 49%. However, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

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 guideline value in this area is Rs 2,530 per sq.ft, indicating that the 2024 figure for Aaruthra Salai Right 1st Cross Street is below this median.

• Aaruthra Salai Main Salai: 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 Right 1st Cross Street

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 also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Aaruthra Salai Right 1st Cross Street?

The Sub Registrar Office that covers Aaruthra Salai Right 1st Cross Street 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. For more information, you can find your SRO.

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

The guideline value is an essential factor in the registration process when buying or selling property in Manapakkam. It serves as a reference point for determining the stamp duty and registration fees that are applicable during the transaction.

When a property is registered, the guideline value is compared against the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Aaruthra Salai Right 1st Cross Street?

The current guideline value for Aaruthra Salai Right 1st Cross Street 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 Right 1st Cross Street?

Aaruthra Salai Right 1st Cross Street is classified as Residential Class IV Type - III.

What are the stamp duty and registration fees for this street?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Where is the Sub Registrar Office located for this street?

The Sub Registrar Office for Aaruthra Salai Right 1st Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.