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 Panangottur 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

Over the years, the guideline value for Arnakiriyar Street has seen several revisions. The 2012 revision set the value at Rs 1,600 per sq.ft, which remained unchanged until the 2017 revision, where it dropped 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 value to Rs 1,760 per sq.ft, marking a 10% rise from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Thus, the only available revisions are from 2012, 2017, 2023, and the current 2024 value.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in this village is Rs 990 per sq.ft, indicating that Arnakiriyar Street's 2024 figure of Rs 1,760 per sq.ft is 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)
• 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 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 at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total fees to 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.

You can calculate your own fees using 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, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of property transactions in Panangottur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

During the registration process, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction. This ensures that all parties are aware of the financial obligations associated with the purchase or sale of property in the area.

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 up 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.

Which office handles registrations for Arnakiriyar Street?

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

How is stamp duty calculated for properties in Arnakiriyar Street?

Stamp duty for properties in Arnakiriyar Street is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 1,23,200 at the current guideline value.