Guideline Value for AARUTHRA SALAI RIGHT 2ND CROSS STREET

Aaruthra Salai Right 2nd Cross Street guideline value

The current guideline value of Aaruthra Salai Right 2nd 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 2nd Cross Street has changed

The guideline value for Aaruthra Salai Right 2nd Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,005 per sq.ft. This was followed by a significant increase to Rs 1,500 per sq.ft in the 2023 revision, and further to Rs 1,650 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%, while the overall change from 2012 to 2024 shows a modest increase of 10%. The register has no figures for the years 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 have a 2024 guideline value ranging from Rs 1,100 to Rs 12,800 per sq.ft. The median value among these streets is Rs 2,530 per sq.ft, indicating that the 2024 guideline value for Aaruthra Salai Right 2nd Cross Street is below this median.

• Aaruthra Salai Right 1st Cross Street: Rs 1,650 per sq.ft (2024)
• Aaruthra Salai Right 3rd Cross Street: Rs 1,650 per sq.ft (2024)
• Aaruthra Salai Main Salai: 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 2nd 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 cost to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Aaruthra Salai Right 2nd Cross Street?

The Aaruthra Salai Right 2nd Cross Street falls under 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 further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Manapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees, which are essential for completing the legal transfer of ownership. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value for Aaruthra Salai Right 2nd Cross Street?

The current guideline value for Aaruthra Salai Right 2nd 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 are the other streets in Manapakkam with similar guideline values?

Other streets in Manapakkam with the same guideline value of Rs 1,650 per sq.ft for 2024 include Aaruthra Salai Right 1st Cross Street, Aaruthra Salai Right 3rd Cross Street, and Aaruthra Salai Main Salai.

What is the registration office for properties in this area?

The registration office for properties in Aaruthra Salai Right 2nd 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.

How is stamp duty calculated for properties in this street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 16,50,000, the stamp duty at 7% would be Rs 1,15,500.