Guideline Value for ARNAKIRIYAR STREET (WARD -8)

Arnakiriyar Street (Ward -8) guideline value

The current guideline value of Arnakiriyar Street (Ward -8) is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Arnakiriyar Street (Ward -8) has changed

The guideline value for Arnakiriyar Street has experienced several revisions over the years. The 2012 revision set the value at Rs 1,600 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,072 per sq.ft, marking a decline of 33%. This was followed by a significant increase in the 2023 revision, where the value rose to Rs 1,600 per sq.ft, and then further increased to Rs 1,760 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, the value increased by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, placing Arnakiriyar Street's 2024 figure above that median.

• A.R.S Nagar (Sa): Rs 440 per sq.ft (2024)
• Arivudai Nambi Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Arivaanar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Aravanar Street: Rs 1,100 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)

Stamp duty and registration fee for property in Arnakiriyar Street (Ward -8)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty, charged at 7%, would amount to Rs 1,23,200, while the registration fee at 2% would be Rs 35,200, bringing the total cost to Rs 1,58,400. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arnakiriyar Street (Ward -8)?

The Sub Registrar Office that covers Arnakiriyar Street (Ward -8) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Kattankollatur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in the area. The guideline value is set by the government and is updated periodically to reflect changes in the market.

When buying or selling property, it is essential to be aware of the current guideline value, as it can significantly impact the overall cost of the transaction. Buyers should ensure that they are informed about the latest revisions to avoid any unexpected expenses during the registration process.

Frequently asked questions

What is the current guideline value of Arnakiriyar Street (Ward -8)?

The current guideline value of Arnakiriyar Street (Ward -8) is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then back to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,760 per sq.ft in 2024.

What is the land classification for Arnakiriyar Street?

The land classification for Arnakiriyar Street (Ward -8) is Residential Special Type - III.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Arnakiriyar Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,760 per sq.ft would incur a total stamp duty of Rs 1,23,200.