Guideline Value for ARIVALAYAM STREET

Arivalayam Street guideline value

The current guideline value of Arivalayam Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Moolacheri village, under the Pallavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Arivalayam Street has changed

The guideline value for Arivalayam Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision, where it increased to Rs 1,005 per sq.ft, marking a decrease of 33%. The subsequent 2023 revision saw a significant increase to Rs 1,500 per sq.ft, followed by the latest 2024 revision, which raised it to Rs 1,650 per sq.ft, reflecting a 10% increase.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Moolacheri

Moolacheri village has 17 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 4,400 per sq.ft, with a median value of Rs 2,710 per sq.ft. The guideline value of Arivalayam Street is below this median.

• Dharani Nagar: Rs 1,650 per sq.ft (2024)
• Jones Serene Avenue Extension: Rs 4,400 per sq.ft (2024)
• Kamacthi Street: Rs 1,100 per sq.ft (2024)
• Maduraipakkam Road: Rs 1,650 per sq.ft (2024)
• M R Nagar: Rs 2,710 per sq.ft (2024)
• Pearl Garden: Rs 3,410 per sq.ft (2024)

Stamp duty and registration fee for property in Arivalayam Street

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. 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 Arivalayam Street?

The Sub Registrar Office that covers Arivalayam Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important factor in the registration process when buying or selling property in Moolacheri. It is used to calculate the stamp duty and registration fees, which are mandatory for legal property transactions.

When a property is registered, the guideline value serves as a benchmark for determining the official value of the property, ensuring that the transaction is recorded accurately and that the appropriate fees are collected.

Frequently asked questions

What is the current guideline value of Arivalayam Street?

The current guideline value of Arivalayam Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 1,500 per sq.ft in 2012, dropping to Rs 1,005 per sq.ft in 2017, then increasing to Rs 1,500 per sq.ft in 2023, and finally reaching Rs 1,650 per sq.ft in 2024.

What is the land classification for Arivalayam Street?

Arivalayam Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Arivalayam Street?

The Sub Registrar Office for Arivalayam Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Moolacheri?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property valued at Rs 16,50,000 would incur a stamp duty of Rs 1,15,500 at a rate of 7%.