Guideline Value for ARAGANTHAN SUB WAY

Araganthan Sub Way guideline value

The current guideline value of Araganthan Sub Way is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Mambalam village under the Thiyagaraya nagar SRO and is classified as Residential Class I Type - II.

How the guideline value of Araganthan Sub Way has changed

The guideline value for Araganthan Sub Way has undergone several revisions over the years. The earliest recorded revision is from 2007, where the guideline value was Rs 1,000 per sq.ft. This increased significantly to Rs 7,000 per sq.ft in 2012, marking a substantial rise of 600%. However, in 2017, the value dropped to Rs 4,690 per sq.ft, reflecting a decrease of 33%. The value then saw a significant increase to Rs 7,000 per sq.ft in 2023, followed by the current value of Rs 7,700 per sq.ft in 2024, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 670%.

Guideline values in Mambalam

Mambalam village has a total of 163 streets under the Thiyagaraya nagar SRO, with the 2024 guideline values ranging from Rs 4,400 to Rs 22,000 per sq.ft. The median value for these streets is Rs 6,600 per sq.ft, placing Araganthan Sub Way's 2024 figure above the median.

• Arangappan Street: Rs 7,700 per sq.ft (2024)
• Appavoo Nagar Subbu Pillai Thottam: Rs 4,400 per sq.ft (2024)
• Appavoo Nagar Anna Street 1st Cross Street Iith Cross St: Rs 4,400 per sq.ft (2024)
• Appavoo Nagar 1 St Lane: Rs 4,400 per sq.ft (2024)
• ANNA SALALI(DOOR No 380 to 389): Rs 22,000 per sq.ft (2024)
• ARYA GOWDA ROAD(D.No 11 to 25 NORTH TO SOUTH): Rs 15,400 per sq.ft (2024)

Stamp duty and registration fee for property in Araganthan Sub Way

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, bringing the total charges to Rs 6,93,000. 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 more information on fees.

Which Sub Registrar Office covers Araganthan Sub Way?

The Araganthan Sub Way falls under the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Mambalam. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory for property transactions.

Frequently asked questions

What is the current guideline value of Araganthan Sub Way?

The current guideline value of Araganthan Sub Way is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,000 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 670% over the years.

What is the registration office for Araganthan Sub Way?

The registration office for Araganthan Sub Way is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.

How is stamp duty calculated for property in Araganthan Sub Way?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 5,39,000.

What is the median guideline value in Mambalam?

The median guideline value for streets in Mambalam is Rs 6,600 per sq.ft, with Araganthan Sub Way's value of Rs 7,700 per sq.ft being above this median.