Guideline Value for ARUNACHALA PANDARA STREET

Arunachala Pandara Street guideline value

The current guideline value of Arunachala Pandara Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village, under the jurisdiction of the Purasaivakkam SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Arunachala Pandara Street has changed

The guideline value for Arunachala Pandara Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 1,800 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in the 2012 revision, marking a rise of 178%. However, the value decreased to Rs 3,350 per sq.ft in the 2017 revision, reflecting a decline of 33%. The 2023 revision saw another increase to Rs 5,000 per sq.ft, followed by the current value of Rs 5,500 per sq.ft in the 2024 revision, representing a 10% increase.

It is important to note that there are no figures available for Arunachala Pandara Street in the 2002 and 2003 revisions. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 206%.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median guideline value is Rs 5,500 per sq.ft, which is equal to the 2024 figure for Arunachala Pandara Street.

• Arunachalam 3rd Lane: Rs 4,900 per sq.ft (2024)
• Arunachalam 2nd Lane: Rs 4,900 per sq.ft (2024)
• Arunachalam 1st Lane: Rs 4,900 per sq.ft (2024)
• Arimuthu Street: Rs 5,500 per sq.ft (2024)
• Ashtabujam 1st Lane: Rs 5,500 per sq.ft (2024)
• Ashtabujam 2nd Lane: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Arunachala Pandara Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees to Rs 4,95,000. 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 Pandara Street?

The Sub Registrar Office that covers Arunachala Pandara Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Purasaivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives appropriate fees based on the property's value.

Frequently asked questions

What is the current guideline value of Arunachala Pandara Street?

The current guideline value of Arunachala Pandara Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, representing an overall increase of 206%.

What is the land classification for Arunachala Pandara Street?

The land classification for Arunachala Pandara Street is Residential Class III Type - I.

Where can I find the Purasaivakkam Sub Registrar Office?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in Arunachala Pandara Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 at 7%.