Guideline Value for ARUMUGANAAVALAR STREET (WARD -7)

Arumuganaavalar Street (Ward -7) guideline value

The current guideline value of Arumuganaavalar Street (Ward -7) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - V.

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

The guideline value for Arumuganaavalar Street (Ward -7) has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 1,200 per sq.ft. This figure changed to Rs 804 per sq.ft in the 2017 revision, marking a decrease 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 set the guideline value at Rs 1,320 per sq.ft, representing a 10% increase from the previous year, 2023.

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

Guideline values in Panangottur

In Panangottur village, there are 419 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value among these streets is Rs 990 per sq.ft, placing Arumuganaavalar Street's 2024 figure above that 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 1,320 per sq.ft (2024)
• Arivaanar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Annibesant Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Annibesant Iind Cross Street (Ward -8): Rs 1,320 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 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can calculate your stamp duty and registration fees using 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, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Panangottur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value is used to assess the minimum value for which the property can be registered. This means that if the sale price is lower than the guideline value, the stamp duty will be calculated based on the guideline value instead.

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 1,320 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 2023 to Rs 1,320 per sq.ft in 2024, a 10% increase. It was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012, showing a significant increase of 49% from 2017 to 2023.

Are there any years with no recorded figures for Arumuganaavalar Street?

Yes, the register has no recorded figures for Arumuganaavalar Street for the years 2002, 2003, and 2007.

What is the land classification for Arumuganaavalar Street?

The land classification for Arumuganaavalar Street (Ward -7) is Residential Special Type - V.

Where is the Sub Registrar Office for Arumuganaavalar Street located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.