Guideline Value for ARICHANDRAN 1st CROSS STREET

ARICHANDRAN 1st CROSS STREET guideline value

The current guideline value of ARICHANDRAN 1st CROSS STREET is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village, under the Neelankarai SRO, and is classified as Residential Class II Type - I.

How the guideline value of ARICHANDRAN 1st CROSS STREET has changed

The guideline value for ARICHANDRAN 1st CROSS STREET has seen significant changes over the years. In the 2003 revision, the value was Rs 168 per sq.ft, which increased dramatically to Rs 750 per sq.ft in 2007. Following this, the value rose to Rs 2,500 per sq.ft in 2012, but then decreased by 33% to Rs 1,675 per sq.ft in 2017. The value further increased to Rs 2,500 per sq.ft in 2023, and finally reached Rs 2,800 per sq.ft in the 2024 revision, marking a 12% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1,567%. Notably, there is no figure available for the year 2002 in the register for this street.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 7,200 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for ARICHANDRAN 1st CROSS STREET is above this median.

• ARICHANDRAN 2nd CROSS STREET: Rs 2,800 per sq.ft (2024)
• Arichandran Avenue: Rs 2,800 per sq.ft (2024)
• Arichandran Main Road: Rs 2,800 per sq.ft (2024)
• Arputha Thotta Salai(Arputha Thottam): Rs 2,200 per sq.ft (2024)
• APMS 2nd STREET-CHINNADI KUPPAM: Rs 2,800 per sq.ft (2024)
• Apms 1st Street-Chinnadi Kuppam: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in ARICHANDRAN 1st CROSS STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, making the total cost for these fees Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers ARICHANDRAN 1st CROSS STREET?

The Sub Registrar Office that covers ARICHANDRAN 1st CROSS STREET is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Enjambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of ARICHANDRAN 1st CROSS STREET?

The current guideline value of ARICHANDRAN 1st CROSS STREET is Rs 2,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 168 per sq.ft in 2003 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 1,567% over this period.

What is the land classification for ARICHANDRAN 1st CROSS STREET?

ARICHANDRAN 1st CROSS STREET is classified as Residential Class II Type - I.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for properties in ARICHANDRAN 1st CROSS STREET?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 2,800 per sq.ft, the stamp duty would be Rs 1,96,000.