Guideline Value for ARIVAANAR STREET (WARD -4)

Arivaanar Street (Ward -4) guideline value

The current guideline value of Arivaanar Street (Ward -4) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - V.

How the guideline value of Arivaanar Street (Ward -4) has changed

Looking at the revisions, the guideline value for Arivaanar Street (Ward -4) has seen several changes over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to the 2023 revision, there was a significant increase of 49%, raising the value to Rs 1,200 per sq.ft. The current 2024 revision has further increased the value to Rs 1,320 per sq.ft, reflecting a 10% rise from the previous year.

It's important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Peramanoor

In Peramanoor village, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median value among these streets is Rs 1,100 per sq.ft, placing Arivaanar Street (Ward -4) above this median with its current value of Rs 1,320 per sq.ft.

• Arivudai Nambi Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Arnakiriyar Street (Ward -8): Rs 1,760 per sq.ft (2024)
• A.R.S Nagar (Sa): Rs 550 per sq.ft (2024)
• Arumuganaavalar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Annibesant Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Annibesant Iind Cross Street (Ward -8): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Arivaanar Street (Ward -4)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty, calculated at 7%, would be Rs 92,400, while the registration fee at 2% would be Rs 26,400. Therefore, the total cost for stamp duty and registration fee together would be Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arivaanar Street (Ward -4)?

The Sub Registrar Office that covers Arivaanar Street (Ward -4) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Peramanoor. It serves as a reference point for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately in the official records.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Arivaanar Street (Ward -4)?

The current guideline value of Arivaanar Street (Ward -4) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Arivaanar Street (Ward -4)?

The land classification for Arivaanar Street (Ward -4) is Residential Special Type - V.

What is the median guideline value for streets in Peramanoor?

The median guideline value for streets in Peramanoor is Rs 1,100 per sq.ft, with Arivaanar Street (Ward -4) being above this median at Rs 1,320 per sq.ft.

Where can I find the Sub Registrar Office for Arivaanar Street (Ward -4)?

The Sub Registrar Office for Arivaanar Street (Ward -4) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.