Guideline Value for AROKIASAMY STREET

Arokiasamy Street guideline value

The current guideline value of Arokiasamy Street in Puliyur village, under the Kodambakkam SRO, is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class III Type - I.

How the guideline value of Arokiasamy Street has changed

The guideline value for Arokiasamy Street has seen several revisions over the years. In the 2007 revision, the value was Rs 3,100 per sq.ft, which increased significantly to Rs 4,600 per sq.ft in both the 2012 and 2023 revisions, showing no change during that period. The most recent 2024 revision marked an increase to Rs 5,000 per sq.ft, reflecting a 9% rise from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 61%. Notably, there are no figures available for the years 2002, 2003, and 2017 in the register for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value for these streets is Rs 5,800 per sq.ft, placing Arokiasamy Street's 2024 figure below that median.

• Arcot Salai (N.S.K.Salai): Rs 11,000 per sq.ft (2024)
• Arunachala Nagar 1st Street: Rs 5,300 per sq.ft (2024)
• Arunachala Nagar 2nd Street: Rs 5,300 per sq.ft (2024)
• Appasamy Street: Rs 5,800 per sq.ft (2024)
• Arya Gowda Salai: Rs 11,000 per sq.ft (2024)
• Arya Gowda Salai Extention: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Arokiasamy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value would be Rs 50,00,000. The stamp duty at 7% would amount to Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, making a total of Rs 4,50,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arokiasamy Street?

Arokiasamy Street falls under the jurisdiction of the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Puliyur. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is considered to ensure that the transaction is recorded accurately in the official records. This helps maintain transparency and legality in property transactions.

Frequently asked questions

What is the current guideline value of Arokiasamy Street?

The current guideline value of Arokiasamy Street is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,100 per sq.ft in 2007 to Rs 5,000 per sq.ft in 2024, marking an overall increase of 61% over the years.

What are the guideline values of other streets in Puliyur?

Other streets in Puliyur have varying guideline values, with rates ranging from Rs 3,300 to Rs 14,300 per sq.ft. Arokiasamy Street's value is below the median of Rs 5,800 per sq.ft.

What are the stamp duty and registration fees for properties in Arokiasamy Street?

For a property with a guideline value of Rs 50,00,000, the stamp duty would be Rs 3,50,000 and the registration fee would be Rs 1,00,000, totaling Rs 4,50,000.

Where is the Kodambakkam Sub Registrar Office located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.