Guideline Value for ARJUNA MEDU ROAD

Arjuna Medu Road guideline value

The current guideline value of Arjuna Medu Road in Koladi village is Rs 880 per sq.ft, effective from 1 July 2024. This area falls under the Chennai South Joint II SRO and is classified as Residential Class II Type - II.

How the guideline value of Arjuna Medu Road has changed

Over the years, the guideline value of Arjuna Medu Road has seen several revisions. The 2012 revision set the value at Rs 800 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 536 per sq.ft. The value remained at Rs 800 per sq.ft until the 2023 revision, which increased it to Rs 800 per sq.ft. The most recent revision in 2024 raised the value to Rs 880 per sq.ft, marking a 10% increase from the previous year.

In summary, the guideline value has changed from Rs 536 per sq.ft in 2017 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 10% from the 2012 figure. It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Koladi

In Koladi, there are 175 streets under the Chennai South Joint II SRO that have a 2024 guideline value ranging from Rs 660 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which means that the guideline value of Arjuna Medu Road is below this median.

• Arjuna Medu: Rs 880 per sq.ft (2024)
• Arul Nagar: Rs 880 per sq.ft (2024)
• Aravamuthu Street: Rs 660 per sq.ft (2024)
• Anna Street: Rs 880 per sq.ft (2024)
• Annalakshmi Nagar Main Road: Rs 660 per sq.ft (2024)
• Annalakshmi Nagar Cross Road: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Arjuna Medu Road

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total charges to Rs 79,200. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arjuna Medu Road?

The Sub Registrar Office that covers Arjuna Medu Road is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Koladi. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Arjuna Medu Road?

The current guideline value of Arjuna Medu Road is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 536 per sq.ft in 2017 to Rs 880 per sq.ft in 2024, with various revisions occurring in between.

What is the land classification of Arjuna Medu Road?

Arjuna Medu Road is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for property in Arjuna Medu Road?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which office handles property registrations for Arjuna Medu Road?

The Chennai South Joint II Sub Registrar Office handles property registrations for Arjuna Medu Road, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.