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Guideline Value

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Guideline Value for ARAKONAM ROAD ( MGR NAGAR TO MALI PATHAI)

₹1099/sq.ft.

The guideline value for Arakonam Road ( Mgr Nagar To Mali Pathai) in Tiruttani village (Thiruttani SRO, Chennai zone) is Rs 1099 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Tiruttani

Village

Thiruttani

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1099 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209
044-27881504
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Arakonam Road ( Mgr Nagar To Mali Pathai)

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Arakonam Road ( Mgr Nagar To Mali Pathai) guideline value

The current guideline value of Arakonam Road (Mgr Nagar To Mali Pathai) is Rs 1,099 per sq.ft, effective from 1 July 2024. This road is located in Tiruttani village, under the Thiruttani SRO, and is classified as Residential Class I Type - I.

How the guideline value of Arakonam Road ( Mgr Nagar To Mali Pathai) has changed

The guideline value for Arakonam Road (Mgr Nagar To Mali Pathai) has undergone several revisions over the years. The oldest recorded revision is from 2017, where the value was Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in 2023 and further to Rs 1,099 per sq.ft in 2024, marking a significant increase of 49% from 2017 to 2023 and an overall increase of 64% from 2017 to 2024. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2023 to 2024, the guideline value increased by 10%, reflecting the current rate of Rs 1,099 per sq.ft. This consistent rise in the guideline value indicates the changing landscape of property valuation in the area.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value, ranging from Rs 548 to Rs 1,540 per sq.ft. The median guideline value for these streets is Rs 825 per sq.ft, placing Arakonam Road (Mgr Nagar To Mali Pathai) above this median.

Stamp duty and registration fee for property in Arakonam Road ( Mgr Nagar To Mali Pathai)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,099 per sq.ft, the total guideline value is Rs 10,99,000. The stamp duty at 7% would be Rs 76,930, and the registration fee at 2% would be Rs 21,980, bringing the total cost for these fees to Rs 98,910. 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 Arakonam Road ( Mgr Nagar To Mali Pathai)?

The Sub Registrar Office that covers Arakonam Road (Mgr Nagar To Mali Pathai) is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process of property transactions in Tiruttani. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Arakonam Road (Mgr Nagar To Mali Pathai)?

The current guideline value of Arakonam Road (Mgr Nagar To Mali Pathai) is Rs 1,099 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, and now to Rs 1,099 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the land classification for Arakonam Road (Mgr Nagar To Mali Pathai)?

Arakonam Road (Mgr Nagar To Mali Pathai) is classified as Residential Class I Type - I.

Where can I find the Thiruttani Sub Registrar Office?

The Thiruttani Sub Registrar Office is located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

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, for a plot valued at Rs 10,99,000, the stamp duty would be Rs 76,930 at a rate of 7%.