Guideline Value

Corporate

Guideline Value for ARUNACHALA NAGAR

₹1930/sq.ft.

The guideline value for Arunachala Nagar in Karambakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 1930 per sq.ft, effective 1 July 2024. It was Rs 1750 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Karambakkam

Village

Chennai South Joint I

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1930 /sq.ft.
From 1-4-2023 ₹1750 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1172 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1750 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹281 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹244 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Arunachala Nagar

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Arunachala Nagar guideline value

The current guideline value of Arunachala Nagar, located in Karambakkam village, is Rs 1,930 per sq.ft, effective from 1 July 2024. This area falls under the Chennai South Joint I SRO and is classified as Residential Class III Type - I.

How the guideline value of Arunachala Nagar has changed

The guideline value for Arunachala Nagar has seen significant changes over the years. In 2002, the value was Rs 244 per sq.ft, which increased to Rs 281 per sq.ft in 2003, marking a 15% rise. The value continued to climb, reaching Rs 500 per sq.ft in 2007, a substantial increase of 78%. By 2012, the guideline value was Rs 1,750 per sq.ft, reflecting a remarkable growth of 250% from the previous revision.

From 2012 to 2017, however, the value decreased to Rs 1,172 per sq.ft, a decline of 33%. The next revision in 2023 saw it rise again to Rs 1,750 per sq.ft, and the most recent revision in 2024 set the value at Rs 1,930 per sq.ft, an increase of 10%. Overall, from 2002 to 2024, the guideline value has increased by 691%.

Guideline values in Karambakkam

In Karambakkam, there are 159 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 1,930 per sq.ft, which is equal to the current guideline value of Arunachala Nagar. Below are other streets in Karambakkam with their respective 2024 guideline values:

Stamp duty and registration fee for property in Arunachala Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,930 per sq.ft, the total guideline value would be Rs 19,30,000. The stamp duty at 7% would amount to Rs 1,35,100, and the registration fee at 2% would be Rs 38,600, bringing the total to Rs 1,73,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arunachala Nagar?

The Sub Registrar Office that covers Arunachala Nagar is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. To find your specific SRO, you can visit find your SRO.

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

When buying or selling property in Karambakkam, the guideline value plays a crucial role during the registration process. It is used to determine the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

It is essential for buyers and sellers to be aware of the guideline value, as it reflects the official valuation of properties in the area. This value is updated periodically and can influence the overall cost of property transactions.

Frequently asked questions

What is the current guideline value of Arunachala Nagar?

The current guideline value of Arunachala Nagar is Rs 1,930 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 244 per sq.ft in 2002 to Rs 1,930 per sq.ft in 2024, with various revisions in between showing both increases and decreases.

What is the median guideline value in Karambakkam?

The median guideline value in Karambakkam for the year 2024 is Rs 1,930 per sq.ft, which is the same as the guideline value for Arunachala Nagar.

What are the stamp duty and registration fees for properties in Arunachala Nagar?

The stamp duty for properties in Arunachala Nagar is 7%, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would amount to Rs 1,73,700.

Where is the Sub Registrar Office for Arunachala Nagar located?

The Sub Registrar Office for Arunachala Nagar is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.