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 Sattamangalam village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - V.

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

The guideline value of Arivudai Nambi Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,200 per sq.ft, and the latest 2024 revision has raised it to Rs 1,320 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows a 10% increase in the guideline value. The latest revision of Rs 1,320 per sq.ft represents a 10% increase from the previous year, 2023.

Guideline values in Sattamangalam

Sattamangalam village has a total of 425 streets under the Chengleput Joint II SRO carrying a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Arivudai Nambi Street's 2024 figure 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 660 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 rate of Rs 1,320 per sq.ft, the guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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 Sattamangalam

The guideline value plays a crucial role in the registration process of property transactions in Sattamangalam. It is used to determine the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the official value assigned to the property by the government. This value is essential for both buyers and sellers to understand the financial obligations involved in the transaction.

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 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Arivudai Nambi Street?

Arivudai Nambi Street is classified as Residential Special Type - V.

Where can I find the Sub Registrar Office for this street?

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

How is the stamp duty calculated for properties in Sattamangalam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 at a rate of 7%.