Guideline Value for ARUN EXECELLO ESTANCIA RESIDENTIAL APTS (WARD -1)

Arun Execello Estancia Residential Apts (Ward -1) guideline value

The current guideline value of Arun Execello Estancia Residential Apts (Ward -1) is Rs 2,200 per sq.ft, effective from 1 July 2024. This property is located in Potheri village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - I.

How the guideline value of Arun Execello Estancia Residential Apts (Ward -1) has changed

The guideline value for Arun Execello Estancia Residential Apts has undergone several revisions over the years. In 2012, the guideline value was set at Rs 2,000 per sq.ft, which decreased to Rs 1,340 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,000 per sq.ft in 2023, and further rose to Rs 2,200 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has seen a 10% increase. The register has no figure for the years 2002, 2003, and 2007 for this street.

Guideline values in Potheri

Potheri village has a total of 129 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 440 to Rs 2,970 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, placing Arun Execello Estancia Residential Apts above this median value.

• Athiparasakthi Nagar, Thailavaram (Ward-21): Rs 1,980 per sq.ft (2024)
• Avvaiyar Street (Ward-20): Rs 880 per sq.ft (2024)
• Anna Street (Ward-21): Rs 660 per sq.ft (2024)
• Anna Street (Ward-20): Rs 880 per sq.ft (2024)
• Anna Street Potheri (Ward -1): Rs 770 per sq.ft (2024)
• Bajanai Koil Street, Korukanthankal (Ward-20): Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Arun Execello Estancia Residential Apts (Ward -1)

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. Please 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 further calculations.

Which Sub Registrar Office covers Arun Execello Estancia Residential Apts (Ward -1)?

The Sub Registrar Office that covers Arun Execello Estancia Residential Apts (Ward -1) 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 Potheri

The guideline value is an essential factor in the registration process when buying or selling property in Potheri. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, buyers and sellers must refer to the guideline value to ensure compliance with local regulations. The stamp duty is calculated based on the guideline value or the sale price, whichever is higher, ensuring that the correct fees are paid during the registration process.

Frequently asked questions

What is the current guideline value for Arun Execello Estancia Residential Apts (Ward -1)?

The current guideline value for Arun Execello Estancia Residential Apts (Ward -1) 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 from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Arun Execello Estancia Residential Apts?

The land classification for Arun Execello Estancia Residential Apts (Ward -1) is Residential Special Type - I.

Where can I find the Chengleput Joint II SRO?

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

How is stamp duty calculated for properties in Potheri?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at 7%.