Guideline Value for ARICHANDRAN MAIN ROAD

Arichandran Main Road guideline value

The current guideline value of Arichandran Main Road in Enjambakkam village is Rs 2,800 per sq.ft, effective from 1 July 2024. This falls under the Neelankarai SRO and is classified as Residential Class II Type - I.

How the guideline value of Arichandran Main Road has changed

The guideline value for Arichandran Main Road has seen several revisions over the years. The earliest recorded revision was in 2003, with a value of Rs 168 per sq.ft. This increased significantly to Rs 750 per sq.ft in 2007, marking a rise of 346%. The value then jumped to Rs 2,500 per sq.ft in 2012, which was a 233% increase. However, it decreased to Rs 1,675 per sq.ft in 2017, showing a decline of 33%. The next revision in 2023 set the value at Rs 2,500 per sq.ft, followed by the current value of Rs 2,800 per sq.ft in 2024, reflecting a 12% increase.

Overall, from 2003 to 2024, the guideline value has increased by 1567%. Notably, the register has no figure for the year 2002 for this street.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing the guideline value of Arichandran Main Road above this median.

• Arichandran Avenue: Rs 2,800 per sq.ft (2024)
• ARICHANDRAN 2nd CROSS STREET: Rs 2,800 per sq.ft (2024)
• ARICHANDRAN 1st CROSS STREET: 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 Main Road

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

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

Which Sub Registrar Office covers Arichandran Main Road?

The Sub Registrar Office covering Arichandran Main Road 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 details.

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

The guideline value is a crucial factor when registering property transactions in Enjambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the registration process is transparent and fair.

When buying or selling property, the guideline value affects the stamp duty and registration fees that are calculated based on this value or the sale price, whichever is higher. This ensures that all transactions are conducted at a value that reflects the current market conditions.

Frequently asked questions

What is the current guideline value of Arichandran Main Road?

The current guideline value of Arichandran Main Road is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 168 per sq.ft in 2003 to Rs 2,800 per sq.ft in 2024, representing an overall increase of 1567% over this period.

What is the land classification for Arichandran Main Road?

Arichandran Main Road is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for property registration?

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

How is stamp duty calculated for properties in Enjambakkam?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000.