Guideline Value for ARIHANT KUDIYIRUPPU SALAI

Arihant Kudiyiruppu Salai guideline value

The current guideline value of Arihant Kudiyiruppu Salai is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village under the Neelankarai SRO, with a land classification of Residential Special Type - III.

How the guideline value of Arihant Kudiyiruppu Salai has changed

The guideline value for Arihant Kudiyiruppu Salai has seen several revisions over the years. The 2012 revision set the value at Rs 5,000 per sq.ft. This figure was then reduced to Rs 3,350 per sq.ft in the 2017 revision. However, the value increased significantly to Rs 5,000 per sq.ft in the 2023 revision, and further rose to Rs 5,500 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. It is important to note that there are no figures available for this street in the revisions of 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing the guideline value of Arihant Kudiyiruppu Salai above this median.

• Arihant Avenue: Rs 5,500 per sq.ft (2024)
• Ariatthamman Koil Street: Rs 3,300 per sq.ft (2024)
• Arulmigu Pamban Baba Nagar: Rs 2,200 per sq.ft (2024)
• Arumugam Avenue: Rs 2,200 per sq.ft (2024)
• Anna Street: Rs 3,900 per sq.ft (2024)
• Annai Parvathi Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Arihant Kudiyiruppu Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees to Rs 4,95,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Arihant Kudiyiruppu Salai?

The Sub Registrar Office covering Arihant Kudiyiruppu Salai 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 Okkiyamthuraipakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Okkiyamthuraipakkam. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official registry.

When completing a property transaction, it is essential to be aware of the current guideline value as it directly influences the financial obligations associated with the sale. Buyers and sellers should ensure that they are informed about the guideline value to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of Arihant Kudiyiruppu Salai?

The current guideline value of Arihant Kudiyiruppu Salai is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,000 per sq.ft in 2012 to Rs 3,350 per sq.ft in 2017, then back to Rs 5,000 per sq.ft in 2023, and finally to Rs 5,500 per sq.ft in 2024.

What is the land classification for Arihant Kudiyiruppu Salai?

Arihant Kudiyiruppu Salai is classified as Residential Special Type - III.

What are the other streets in Okkiyamthuraipakkam with their guideline values?

Other streets in Okkiyamthuraipakkam include Arihant Avenue at Rs 5,500 per sq.ft, Ariatthamman Koil Street at Rs 3,300 per sq.ft, and several others with varying rates.

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.