Guideline Value for ARCOT JAMBULINGAM STREET

Arcot Jambulingam Street guideline value

The current guideline value of Arcot Jambulingam Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village under the Pallavaram SRO, and the land classification is Mixed Type - I.

How the guideline value of Arcot Jambulingam Street has changed

The guideline value for Arcot Jambulingam Street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,500 per sq.ft, which decreased to Rs 2,345 per sq.ft in the 2017 revision. This was a significant drop of 33%. However, from 2017 to 2023, the value increased by 60% to reach Rs 3,750 per sq.ft. The latest revision in 2024 shows a further increase of 3%, bringing the current value to Rs 3,850 per sq.ft.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, making the 2024 value for Arcot Jambulingam Street above this median.

• Aringar Anna Street: Rs 3,520 per sq.ft (2024)
• Arasamara Street: Rs 2,750 per sq.ft (2024)
• Anumar Koil Street: Rs 3,850 per sq.ft (2024)
• Arulmurugan Nagar: Rs 3,850 per sq.ft (2024)
• Anthoniyar Koil Street (Gst Road): Rs 3,850 per sq.ft (2024)
• Arulmurugan Nagar Exten.: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Arcot Jambulingam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total fees to Rs 3,46,500. 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 further assistance.

Which Sub Registrar Office covers Arcot Jambulingam Street?

The Sub Registrar Office that covers Arcot Jambulingam Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Zaminpallavaram. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Arcot Jambulingam Street?

The current guideline value of Arcot Jambulingam Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then increased to Rs 3,750 per sq.ft in 2023, and finally to Rs 3,850 per sq.ft in 2024.

What is the land classification for Arcot Jambulingam Street?

The land classification for Arcot Jambulingam Street is Mixed Type - I.

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

The Sub Registrar Office for Arcot Jambulingam Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for properties in this area?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 38,50,000 would incur a stamp duty of Rs 2,69,500 at 7%.