Guideline Value for AARUTHRA SALAI RIGHT 3RD CROSS STREET

Aaruthra Salai Right 3rd Cross Street guideline value

The current guideline value of Aaruthra Salai Right 3rd Cross Street 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. The land classification for this area is Residential Class IV Type - III.

How the guideline value of Aaruthra Salai Right 3rd Cross Street has changed

The guideline value for Aaruthra Salai Right 3rd Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value increased significantly to Rs 1,500 per sq.ft in the 2023 revision, followed by another increase to Rs 1,650 per sq.ft in the 2024 revision, reflecting a 10% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register does not have 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 with 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 guideline value for Aaruthra Salai Right 3rd Cross Street is below this median.

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

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, while the registration fee at 2% would be Rs 33,000, bringing the total 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aaruthra Salai Right 3rd Cross Street?

The Sub Registrar Office that covers Aaruthra Salai Right 3rd 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. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Manapakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

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

Frequently asked questions

What is the current guideline value of Aaruthra Salai Right 3rd Cross Street?

The current guideline value of Aaruthra Salai Right 3rd 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 3rd Cross Street?

The land classification for Aaruthra Salai Right 3rd Cross Street is Residential Class IV Type - III.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Aaruthra Salai Right 3rd Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for property transactions?

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