Guideline Value for ARIKARAI STREET

Arikarai Street guideline value

The current guideline value of Arikarai Street is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Tiruttani village under the Thiruttani SRO, classified as Residential Class III Type - I.

How the guideline value of Arikarai Street has changed

In the 2017 revision, the guideline value was Rs 502 per sq.ft. This increased to Rs 750 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 825 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register has no figures for Arikarai Street for the years 2002, 2003, 2007, and 2012.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that have a 2024 guideline value ranging from Rs 548 to Rs 1,540 per sq.ft. The median value is Rs 825 per sq.ft, which is equal to the current guideline value of Arikarai Street.

• Arakonam Road ( Mgr Nagar To Mali Pathai): Rs 1,099 per sq.ft (2024)
• Arumugaswamy Koil Stret: Rs 825 per sq.ft (2024)
• Anumanthapuram: Rs 825 per sq.ft (2024)
• Anna Nagar: Rs 550 per sq.ft (2024)
• Anna Kudiyiruppu 1 & 2: Rs 550 per sq.ft (2024)
• Angalamman Koil Street: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Arikarai Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, totaling Rs 74,250. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arikarai Street?

The Sub Registrar Office covering Arikarai Street is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Tiruttani. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. This ensures transparency in property transactions and aids in preventing undervaluation.

Frequently asked questions

What is the current guideline value of Arikarai Street?

The current guideline value of Arikarai Street is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 502 per sq.ft to Rs 825 per sq.ft in 2024, marking an overall increase of 64%.

What are the other streets with similar guideline values in Tiruttani?

In Tiruttani, several other streets have a guideline value of Rs 825 per sq.ft in 2024, including Arumugaswamy Koil Stret and Anumanthapuram.

Where is the Thiruttani Sub Registrar Office located?

The Thiruttani Sub Registrar Office is located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

How is stamp duty calculated for properties in Arikarai Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 8,25,000 would incur a stamp duty of Rs 57,750 at a rate of 7%.