Guideline Value for ARCOT SALAI (N.S.K.SALAI)

Arcot Salai (N.S.K.Salai) guideline value

The current guideline value of Arcot Salai (N.S.K.Salai) is Rs 11,000 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam Sub Registrar Office (SRO). The land classification for this area is Commercial Special Type - I.

How the guideline value of Arcot Salai (N.S.K.Salai) has changed

The guideline value for Arcot Salai (N.S.K.Salai) has undergone several revisions over the years. The oldest available revision is from 2012, where the value was set at Rs 10,000 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 11,000 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, positioning Arcot Salai (N.S.K.Salai) above this median.

• Arokiasamy Street: Rs 5,000 per sq.ft (2024)
• Appasamy Street: Rs 5,800 per sq.ft (2024)
• Anusuya Street: Rs 7,100 per sq.ft (2024)
• Arunachala Nagar 1st Street: Rs 5,300 per sq.ft (2024)
• Arunachala Nagar 2nd Street: Rs 5,300 per sq.ft (2024)
• Arya Gowda Salai: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Arcot Salai (N.S.K.Salai)

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value amounts to Rs 1,10,00,000. The stamp duty, charged at 7%, would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000. Together, these fees total Rs 9,90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arcot Salai (N.S.K.Salai)?

The Sub Registrar Office that covers Arcot Salai (N.S.K.Salai) 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puliyur. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value according to the local regulations.

When a property is sold, the seller and buyer must consider the guideline value to calculate the applicable stamp duty and registration fees. This ensures compliance with the legal requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value of Arcot Salai (N.S.K.Salai)?

The current guideline value of Arcot Salai (N.S.K.Salai) is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 10,000 per sq.ft from 2012 to 2023, before increasing to Rs 11,000 per sq.ft in 2024. Overall, there has been a 10% increase in the guideline value from 2012 to 2024.

What is the land classification for Arcot Salai (N.S.K.Salai)?

The land classification for Arcot Salai (N.S.K.Salai) is Commercial Special Type - I, indicating its suitability for commercial activities.

Where can I find the registration office for Arcot Salai (N.S.K.Salai)?

The registration office for Arcot Salai (N.S.K.Salai) is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What factors determine the stamp duty and registration fees?

The stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the fees are reflective of the property's value during the registration process.