Guideline Value for ARULAMBAL STREET

Arulambal Street guideline value

The current guideline value of Arulambal Street is Rs 13,200 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village, under the Thiyagaraya nagar SRO, and is classified as Mixed Special Type - II.

How the guideline value of Arulambal Street has changed

The guideline value for Arulambal Street has undergone several revisions over the years. The 2002 revision recorded a value of Rs 1,353 per sq.ft, which increased to Rs 1,502 per sq.ft in 2003, marking an increase of 11%. Following this, the 2007 revision saw a significant jump to Rs 4,080 per sq.ft, reflecting a 172% increase. The value then rose to Rs 12,000 per sq.ft in the 2012 revision, showing a 194% increase from the previous revision. However, there was a decrease of 33% in the 2017 revision, bringing the value down to Rs 8,040 per sq.ft. The 2023 revision saw a substantial increase to Rs 12,000 per sq.ft, and the latest revision in 2024 brought it to Rs 13,200 per sq.ft, marking a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 876%. There are no years in the register with no figure for this street.

Guideline values in Tnagar

In Tnagar village, there are 262 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value, ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median guideline value for these streets is Rs 11,000 per sq.ft, placing Arulambal Street's 2024 figure above this median.

• Arcot Street: Rs 14,300 per sq.ft (2024)
• Arcot Road: Rs 14,300 per sq.ft (2024)
• Anna Street: Rs 8,300 per sq.ft (2024)
• Annai Sathya Bazaar Street: Rs 11,000 per sq.ft (2024)
• Bagirathiammal Street: Rs 14,300 per sq.ft (2024)
• Bajanai Koil Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Arulambal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value amounts to Rs 1,32,00,000. The stamp duty at 7% would be Rs 9,24,000, while the registration fee at 2% would be Rs 2,64,000, bringing the total fees to Rs 11,88,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Arulambal Street?

The Sub Registrar Office that covers Arulambal Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Tnagar. It serves as a benchmark for determining the minimum value of a property for registration purposes. When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for buyers and sellers alike, as it influences the overall cost of property transactions. It is advisable to consult the latest figures to ensure accurate calculations during the registration process.

Frequently asked questions

What is the current guideline value of Arulambal Street?

The current guideline value of Arulambal Street is Rs 13,200 per sq.ft, effective from 1 July 2024.

How has the guideline value of Arulambal Street changed over the years?

The guideline value has increased from Rs 1,353 per sq.ft in 2002 to Rs 13,200 per sq.ft in 2024, reflecting an overall increase of 876%.

What are the stamp duty and registration fees for property in Arulambal Street?

For a 1,000 sq.ft property, the total guideline value is Rs 1,32,00,000. The stamp duty is Rs 9,24,000 and the registration fee is Rs 2,64,000, totaling Rs 11,88,000.

Which Sub Registrar Office covers Arulambal Street?

The Thiyagaraya nagar Sub Registrar Office covers Arulambal Street, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.

What is the land classification for Arulambal Street?

Arulambal Street is classified as Mixed Special Type - II according to the guideline value register.