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. This street is located in Sattamangalam village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - III.

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

From the 2012 revision, the guideline value for Arnakiriyar Street (Ward -8) was Rs 1,600 per sq.ft. This value remained unchanged until the 2017 revision, where it dropped to Rs 1,072 per sq.ft, reflecting a decrease of 33%. The value then increased significantly to Rs 1,600 per sq.ft in the 2023 revision, marking a 49% rise. The latest 2024 revision set the guideline value at Rs 1,760 per sq.ft, a 10% increase from the previous year.

The register has no figures for the revisions in 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, positioning Arnakiriyar Street's 2024 value above this median.

• A.R.S Nagar (Sa): Rs 660 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 rate of Rs 1,760 per sq.ft, the guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, while the registration fee at 2% would be Rs 35,200, totaling Rs 1,58,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office covering 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 Sattamangalam

The guideline value is a critical factor during property registration in Sattamangalam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and fairness in property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value and the sale price, which means that understanding the current guideline value is essential for both buyers and sellers.

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 of Arnakiriyar Street (Ward -8)?

Arnakiriyar Street (Ward -8) is classified as Residential Special Type - III, indicating its suitability for residential development.

What are the stamp duty rates for properties in Sattamangalam?

The stamp duty rate for properties in Sattamangalam is 7%, while the registration fee is 2%. These fees are calculated based on the higher of the guideline value or the sale price.

Which office handles registrations for Arnakiriyar Street (Ward -8)?

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