Guideline Value for ARPUTHA THOTTA SALAI(ARPUTHA THOTTAM)

Arputha Thotta Salai(Arputha Thottam) guideline value

The current guideline value of Arputha Thotta Salai(Arputha Thottam) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village under the Neelankarai SRO, classified as Residential Class III Type - I.

How the guideline value of Arputha Thotta Salai(Arputha Thottam) has changed

The guideline value for Arputha Thotta Salai(Arputha Thottam) has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 200 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a remarkable rise of 900%. However, it then decreased to Rs 1,340 per sq.ft in 2017, a decline of 33%. The value then increased to Rs 2,000 per sq.ft in 2023, followed by a further increase to the current rate of Rs 2,200 per sq.ft in 2024, representing a 10% rise.

Overall, from 2007 to 2024, the guideline value has increased by 1000%. Notably, there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median value is Rs 2,200 per sq.ft, which is equal to the current guideline value for Arputha Thotta Salai(Arputha Thottam).

• Arichandran Main Road: Rs 2,800 per sq.ft (2024)
• Arichandran Avenue: Rs 2,800 per sq.ft (2024)
• ARICHANDRAN 2nd CROSS STREET: Rs 2,800 per sq.ft (2024)
• ARICHANDRAN 1st CROSS STREET: Rs 2,800 per sq.ft (2024)
• APMS 2nd STREET-CHINNADI KUPPAM: Rs 2,800 per sq.ft (2024)
• Apms 1st Street-Chinnadi Kuppam: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Arputha Thotta Salai(Arputha Thottam)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Arputha Thotta Salai(Arputha Thottam)?

The Sub Registrar Office that covers Arputha Thotta Salai(Arputha Thottam) is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Enjambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

During the registration process, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Arputha Thotta Salai(Arputha Thottam)?

The current guideline value of Arputha Thotta Salai(Arputha Thottam) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 200 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 1000% over the years.

What is the land classification for Arputha Thotta Salai(Arputha Thottam)?

Arputha Thotta Salai(Arputha Thottam) is classified as Residential Class III Type - I.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Arputha Thotta Salai(Arputha Thottam) is 7%, which is applied to the higher of the guideline value or the sale price.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.