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 Ninna Karai village, under the Chengleput Joint II SRO, and falls under the land classification of Residential Special Type - III.

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

The guideline value for Arnakiriyar Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,600 per sq.ft. This value remained unchanged until the next revision in 2017, which saw a decrease to Rs 1,072 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,600 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 1,760 per sq.ft, marking a 10% rise from the previous year.

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

Guideline values in Ninna Karai

In Ninna Karai village, there are 449 streets under the Chengleput Joint II SRO that carry a guideline value for 2024, ranging from Rs 440 to Rs 3,500 per sq.ft. The median value among these streets is Rs 1,100 per sq.ft, placing Arnakiriyar Street's 2024 figure above this median.

• A.R.S Nagar (Sa): Rs 440 per sq.ft (2024)
• Arivudai Nambi Street (Ward -6): Rs 1,321 per sq.ft (2024)
• Arivaanar Street (Ward -4): Rs 1,321 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 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 amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, making the total cost for these fees Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further details, 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 Ninna Karai

The guideline value is a crucial factor during the registration of property transactions in Ninna Karai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the government records.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential costs associated with the transfer of property ownership. This ensures transparency and compliance with the legal requirements for property transactions.

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 1,760 per sq.ft in 2024, with a notable increase of 49% from 2017 to 2023.

What is the land classification for Arnakiriyar Street?

Arnakiriyar Street is classified as Residential Special Type - III according to the guidelines set by the Chengleput Joint II SRO.

Where can I find the Sub Registrar Office for Arnakiriyar Street?

The Sub Registrar Office for Arnakiriyar Street (Ward -8) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Ninna Karai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 17,60,000 would incur a stamp duty of Rs 1,23,200 at a rate of 7%.