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 Peramanoor 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 seen significant changes over the years. In the 2012 revision, the value was Rs 1,600 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 1,072 per sq.ft, marking a decline of 33%. However, from 2017 to the 2023 revision, the value increased to Rs 1,600 per sq.ft, representing a substantial rise of 49%. The most recent revision in 2024 saw the value rise to Rs 1,760 per sq.ft, an increase of 10% from the previous year.

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

Guideline values in Peramanoor

In Peramanoor village, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Arnakiriyar Street's 2024 figure above that median.

• A.R.S Nagar (Sa): Rs 550 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, resulting in a total of 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 also use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

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 Peramanoor

The guideline value plays a crucial role in property transactions in Peramanoor. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable at the time of registration. It is essential to be aware of the current guideline value to ensure accurate financial planning for property transactions.

Additionally, the guideline value helps in establishing a baseline for property pricing in the area, ensuring that both buyers and sellers have a reference point for negotiations. This ensures a more transparent process during property registration.

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, Chengalpattu registration zone.

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

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