Guideline Value for ARIVUDAI NAMBI STREET (WARD -6)

Arivudai Nambi Street (Ward -6) guideline value

The current guideline value of Arivudai Nambi Street (Ward -6) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village under the Chengleput Joint II SRO, classified as Residential Special Type - V.

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

Since the 2012 revision, the guideline value of Arivudai Nambi Street has seen various changes. In 2012, the value was Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,200 per sq.ft, representing a rise of 49%. The latest revision in 2024 has set the guideline value at Rs 1,320 per sq.ft, which is a 10% increase from the previous year’s value of Rs 1,200 per sq.ft.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peramanoor

In Peramanoor, there are a total of 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, making the 2024 guideline value of Arivudai Nambi Street above this median.

• Arivaanar Street (Ward -4): 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 Arivudai Nambi Street (Ward -6)

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

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

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 information.

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

The guideline value is a crucial factor in property transactions in Peramanoor, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate applicable stamp duties and registration fees, ensuring that these costs are based on a standardized valuation.

Additionally, the guideline value helps maintain transparency in property transactions, providing a reference point for buyers and sellers. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

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 1,320 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 2023 to Rs 1,320 per sq.ft in 2024, marking a 10% increase. It decreased to Rs 804 per sq.ft in 2017 from Rs 1,200 per sq.ft in 2012, and then increased to Rs 1,200 per sq.ft in 2023.

What is the land classification of Arivudai Nambi Street?

Arivudai Nambi Street is classified as Residential Special Type - V under the Chengleput Joint II SRO.

Where can I find the registration office for Arivudai Nambi Street?

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

How is the stamp duty calculated for properties in Peramanoor?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 13,20,000, the stamp duty would be calculated at 7% of this amount.