Guideline Value for AMARAR DURAI STREET

Amarar Durai Street guideline value

The current guideline value of Amarar Durai Street is Rs 4,400 per sq.ft. It is located in Arumbakkam village under the Kodambakkam SRO, classified as Residential Class IV Type - II.

How the guideline value of Amarar Durai Street has changed

Over the years, the guideline value of Amarar Durai Street has seen significant changes. In the 2007 revision, the value was Rs 850 per sq.ft, which rose to Rs 4,000 per sq.ft in the 2012 revision. This marked an increase of 371%. However, in the 2017 revision, the value decreased to Rs 2,680 per sq.ft, reflecting a decline of 33%. The value then increased to Rs 4,000 per sq.ft in the 2023 revision, a rise of 49%, and is set to reach Rs 4,400 per sq.ft in the upcoming 2024 revision, representing a 10% increase.

It is important to note that the register has no figures for Amarar Durai Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 418%.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft, with a median value of Rs 6,000 per sq.ft. The guideline value of Amarar Durai Street is below this median.

• Amaravathi Nagar: Rs 6,600 per sq.ft (2024)
• Amaravathi Nagar East III Rd Cross Street: Rs 6,600 per sq.ft (2024)
• Amaravathi Nagar East II Nd Cross Street: Rs 6,600 per sq.ft (2024)
• Amaravathi Nagar East I St Cross Street: Rs 6,600 per sq.ft (2024)
• Amaravathi Nagar Main Road: Rs 6,600 per sq.ft (2024)
• Amaravathi Nagar West III Rd Cross Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Amarar Durai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees together to Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amarar Durai Street?

The Sub Registrar Office that covers Amarar Durai Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration of property transactions in Arumbakkam. It determines the minimum value at which properties can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction is documented accurately, reflecting the property's value as determined by the government. This helps maintain transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value of Amarar Durai Street?

The current guideline value of Amarar Durai Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 850 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 418%.

What are the stamp duty and registration fees for properties on Amarar Durai Street?

For a 1,000 sq.ft property, the total guideline value is Rs 44,00,000, leading to a stamp duty of Rs 3,08,000 and a registration fee of Rs 88,000, totaling Rs 3,96,000.

Which office handles the registration for Amarar Durai Street?

The Kodambakkam Sub Registrar Office handles the registration for Amarar Durai Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the land classification for Amarar Durai Street?

Amarar Durai Street is classified as Residential Class IV Type - II, indicating its designation for residential use within the area.