Guideline Value for ARIVUDAI NAMBI STREET (WARD -6)

Arivudai Nambi Street (Ward -6) guideline value

The current guideline value for Arivudai Nambi Street (Ward -6) is Rs 1,321 per sq.ft. This street is located in Ninna Karai village, under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - V.

How the guideline value of Arivudai Nambi Street (Ward -6) has changed

The guideline value for Arivudai Nambi Street has undergone several revisions over the years. In the 2012 revision, the value was set 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, the value saw a significant increase of 49% in the 2023 revision, bringing it back up to Rs 1,200 per sq.ft. The most recent revision in 2024 has set the value at Rs 1,321 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for Arivudai Nambi Street in the register. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values for 2024 ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, which means that the 2024 guideline value for Arivudai Nambi Street is above the median.

• Arivaanar Street (Ward -4): Rs 1,321 per sq.ft (2024)
• Arnakiriyar Street (Ward -8): Rs 1,760 per sq.ft (2024)
• A.R.S Nagar (Sa): Rs 440 per sq.ft (2024)
• Arumuganaavalar Street (Ward -7): Rs 1,321 per sq.ft (2024)
• Annibesant Street (Ward -8): Rs 1,321 per sq.ft (2024)
• Annibesant Iind Cross Street (Ward -8): Rs 1,321 per sq.ft (2024)

Stamp duty and registration fee for property in Arivudai Nambi Street (Ward -6)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,321 per sq.ft, the total guideline value amounts to Rs 13,21,000. The stamp duty at 7% would be Rs 92,470, and the registration fee at 2% would be Rs 26,420, making the total fees together Rs 1,18,890. It is important to note that the 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 information.

Which Sub Registrar Office covers Arivudai Nambi Street (Ward -6)?

The Sub Registrar Office that covers Arivudai Nambi Street (Ward -6) 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 details.

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

The guideline value plays a critical role during the registration process when buying or selling property. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is sold, the guideline value is referenced to ensure that the transaction is registered at a fair value. This helps in maintaining transparency in property transactions and ensures that the government receives the appropriate revenue from stamp duties.

Frequently asked questions

What is the current guideline value of Arivudai Nambi Street (Ward -6)?

The current guideline value of Arivudai Nambi Street (Ward -6) is Rs 1,321 per sq.ft as per the 2024 revision.

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 back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,321 per sq.ft in 2024.

What is the land classification for Arivudai Nambi Street?

The land classification for Arivudai Nambi Street (Ward -6) is Residential Special Type - V.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 1,18,890, which includes stamp duty and registration fees.

Which Sub Registrar Office covers this street?

The Chengleput Joint II Sub Registrar Office covers Arivudai Nambi Street (Ward -6), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.