Guideline Value for ARASUR ROAD

Arasur Road guideline value

The current guideline value of Arasur Road is Rs 900 per sq.ft, effective from 1 July 2024. This street is located in Ponneri village under the Ponneri SRO, classified as Residential Class I Type - I.

How the guideline value of Arasur Road has changed

In the 2023 revision, the guideline value for Arasur Road was Rs 300 per sq.ft. The significant change from 2023 to 2024 is an increase of 200%, bringing the current value to Rs 900 per sq.ft. The register does not have figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

With the latest revision, the guideline value reflects a considerable rise, indicating a shift in valuation. The previous figures show a stark contrast in value, emphasizing the recent changes in the guideline value for this area.

Guideline values in Ponneri

Ponneri village has 120 streets under the Ponneri SRO with 2024 guideline values ranging from Rs 201 to Rs 1,200 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, placing Arasur Road's 2024 value above this median.

• Anugraha Nagar: Rs 800 per sq.ft (2024)
• Anna Street: Rs 700 per sq.ft (2024)
• Atha Thulla Street: Rs 700 per sq.ft (2024)
• Athaualla Street: Rs 700 per sq.ft (2024)
• Attrangarai: Rs 900 per sq.ft (2024)
• Avvai Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Arasur Road

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value would be Rs 9,00,000. The stamp duty at 7% would amount to Rs 63,000, and the registration fee at 2% would be Rs 18,000, totaling Rs 81,000. 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 detailed calculations.

Which Sub Registrar Office covers Arasur Road?

The Sub Registrar Office that covers Arasur Road is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for properties in Ponneri. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value helps in assessing the official value of the property, providing a standard for taxation and ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of Arasur Road?

The current guideline value of Arasur Road is Rs 900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 300 per sq.ft in 2023 to Rs 900 per sq.ft in 2024, marking a 200% rise.

What is the land classification for Arasur Road?

Arasur Road is classified as Residential Class I Type - I under the Ponneri SRO.

How is stamp duty calculated for properties on Arasur Road?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For instance, a property valued at Rs 9,00,000 would incur a stamp duty of Rs 63,000.

Where can I find the Sub Registrar Office for Arasur Road?

The Sub Registrar Office for Arasur Road is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.