Guideline Value

Corporate

Guideline Value for ARUL PRAKASAM ROAD

₹3520/sq.ft.

The guideline value for Arul Prakasam Road in Ekkaduthangal village (Chennai South Joint I SRO, Chennai zone) is Rs 3520 per sq.ft, effective 1 July 2024. It was Rs 3200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ekkaduthangal

Village

Chennai South Joint I

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹3520 /sq.ft.
From 1-4-2023 ₹3200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2144 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹534 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹463 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Arul Prakasam Road

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Arul Prakasam Road guideline value

The current guideline value of Arul Prakasam Road is Rs 3,520 per sq.ft, effective from 1 July 2024. This road is located in Ekkaduthangal village, under the Chennai South Joint I SRO, and is classified as Residential Class III Type - I.

How the guideline value of Arul Prakasam Road has changed

The guideline value for Arul Prakasam Road has seen several revisions over the years. In 2002, the guideline value was Rs 463 per sq.ft, which increased to Rs 534 per sq.ft in 2003, marking a change of +15%. The value then rose to Rs 700 per sq.ft in 2007, reflecting an increase of +31%. Following this, the guideline value surged to Rs 3,200 per sq.ft in 2012, representing a significant rise of +357%. However, from 2012 to 2017, the value decreased to Rs 2,144 per sq.ft, showing a decline of -33%. The next revision in 2023 set the value at Rs 3,200 per sq.ft, with an increase of +49% to the previous figure. The most recent revision in 2024 established the current guideline value at Rs 3,520 per sq.ft, which is a +10% increase from 2023.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,080 to Rs 8,800 per sq.ft, with a median value of Rs 4,620 per sq.ft. The guideline value for Arul Prakasam Road is below this median.

Stamp duty and registration fee for property in Arul Prakasam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total to Rs 3,16,800. It is important to note that the 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 Arul Prakasam Road?

The Sub Registrar Office that covers Arul Prakasam Road is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a critical component in the property registration process in Ekkaduthangal. 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 of the property.

It is essential for buyers and sellers to be aware of the guideline value, as it directly impacts the financial obligations during the registration process. Understanding the guideline value helps in making informed decisions regarding property transactions in the area.

Frequently asked questions

What is the current guideline value of Arul Prakasam Road?

The current guideline value of Arul Prakasam Road is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 463 per sq.ft in 2002 to Rs 3,520 per sq.ft in 2024, showing an overall increase of +660% across the years.

What is the classification of land on Arul Prakasam Road?

The land classification for Arul Prakasam Road is Residential Class III Type - I.

Where can I find the Sub Registrar Office for Arul Prakasam Road?

The Sub Registrar Office for Arul Prakasam Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.

How is the stamp duty calculated for property in Arul Prakasam Road?

The stamp duty for property in Arul Prakasam Road is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.