Guideline Value for ARUMUGANAAVALAR STREET (WARD -7)

Arumuganaavalar Street (Ward -7) guideline value

The current guideline value of Arumuganaavalar Street (Ward -7) is Rs 1,321 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - V.

How the guideline value of Arumuganaavalar Street (Ward -7) has changed

The guideline value for Arumuganaavalar Street has seen several revisions over the years. In 2012, the guideline value was Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,200 per sq.ft, reflecting a 49% rise. The most recent revision in 2024 has set the value at Rs 1,321 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the figures from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, placing Arumuganaavalar Street's 2024 figure above this median.

• A.R.S Nagar (Sa): Rs 440 per sq.ft (2024)
• Arnakiriyar Street (Ward -8): Rs 1,760 per sq.ft (2024)
• Arivudai Nambi Street (Ward -6): Rs 1,321 per sq.ft (2024)
• Arivaanar Street (Ward -4): Rs 1,321 per sq.ft (2024)
• Annibesant Street (Ward -8): Rs 1,321 per sq.ft (2024)
• Annibesant Iind Cross Street (Ward -8): Rs 1,321 per sq.ft (2024)

Stamp duty and registration fee for property in Arumuganaavalar Street (Ward -7)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,321 per sq.ft, the total guideline value amounts to Rs 13,21,000. The stamp duty at 7% would be Rs 92,470, and the registration fee at 2% would be Rs 26,420, bringing the total cost to Rs 1,18,890. It is important to note that duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arumuganaavalar Street (Ward -7)?

The Sub Registrar Office that covers Arumuganaavalar Street (Ward -7) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Ninna Karai. It serves as a benchmark for determining the stamp duty and registration fees during the sale or purchase of property. Buyers and sellers must be aware of this value as it directly impacts the overall cost of the transaction.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that both parties adhere to the legal requirements set forth by the Registration Department. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Arumuganaavalar Street (Ward -7)?

The current guideline value of Arumuganaavalar Street (Ward -7) is Rs 1,321 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,321 per sq.ft in 2024.

What is the land classification of Arumuganaavalar Street?

Arumuganaavalar Street is classified as Residential Special Type - V.

What are the other streets in Ninna Karai with their guideline values?

Other streets in Ninna Karai include A.R.S Nagar (Sa) at Rs 440 per sq.ft, Arnakiriyar Street (Ward -8) at Rs 1,760 per sq.ft, and several others at Rs 1,321 per sq.ft.

Where can I find the Sub Registrar Office for Arumuganaavalar Street?

The Sub Registrar Office for Arumuganaavalar Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.