Guideline Value for ARUNACHALA NAGAR 2ND STREET

Arunachala Nagar 2nd Street guideline value

The current guideline value of Arunachala Nagar 2nd Street is Rs 5,300 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village and falls under the Kodambakkam SRO, classified as Residential Class II Type - I.

How the guideline value of Arunachala Nagar 2nd Street has changed

The guideline value for Arunachala Nagar 2nd Street has seen several revisions over the years. In the 2007 revision, the value was Rs 1,300 per sq.ft, which increased significantly to Rs 4,900 per sq.ft in the 2012 revision. However, this figure then decreased by 33% to Rs 3,283 per sq.ft in the 2017 revision. The 2023 revision saw a notable increase to Rs 4,900 per sq.ft, and the current 2024 revision reflects a further increase of 8%, bringing the guideline value to Rs 5,300 per sq.ft.

The overall change from the 2007 revision to the 2024 revision is an increase of 308%. It is important to note that the register has no figures for this street in the 2002 and 2003 revisions.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value for these streets is Rs 5,800 per sq.ft, making the guideline value of Arunachala Nagar 2nd Street below the median.

• Arunachala Nagar 1st Street: Rs 5,300 per sq.ft (2024)
• Arya Gowda Salai: Rs 11,000 per sq.ft (2024)
• Arya Gowda Salai Extention: Rs 11,000 per sq.ft (2024)
• Ashok Avenue: Rs 8,200 per sq.ft (2024)
• Arokiasamy Street: Rs 5,000 per sq.ft (2024)
• Arcot Salai (N.S.K.Salai): Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Arunachala Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 53,00,000. The stamp duty at 7% would amount to Rs 3,71,000, and the registration fee at 2% would be Rs 1,06,000, bringing the total to Rs 4,77,000. It is important to note that the 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 Arunachala Nagar 2nd Street?

The Sub Registrar Office that covers Arunachala Nagar 2nd Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, ensuring transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Arunachala Nagar 2nd Street?

The current guideline value of Arunachala Nagar 2nd Street is Rs 5,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2007 to Rs 5,300 per sq.ft in 2024, reflecting an overall increase of 308% over the years.

What is the median guideline value for streets in Puliyur?

The median guideline value for streets in Puliyur is Rs 5,800 per sq.ft, making the guideline value of Arunachala Nagar 2nd Street below this median.

What are the stamp duty and registration fees for property in Arunachala Nagar 2nd Street?

For a property valued at Rs 53,00,000, the stamp duty would be Rs 3,71,000 and the registration fee would be Rs 1,06,000, totaling Rs 4,77,000.

Which office handles property registrations for Arunachala Nagar 2nd Street?

The Kodambakkam Sub Registrar Office handles property registrations for Arunachala Nagar 2nd Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.