Guideline Value for ARUNACHALAM AVENUE / NAGAR

Arunachalam Avenue / Nagar guideline value

The current guideline value of Arunachalam Avenue / Nagar is Rs 1,870 per sq.ft. This street is located in Kolathuvancheri village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Arunachalam Avenue / Nagar has changed

The guideline value for Arunachalam Avenue / Nagar has undergone several revisions over the years. In 2012, the guideline value was set at Rs 1,700 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 1,139 per sq.ft, marking a significant drop of 33%. However, from 2017 to 2023, the value increased dramatically to Rs 1,700 per sq.ft, followed by a further increase to Rs 1,870 per sq.ft in the 2024 revision, reflecting a 10% rise.

Overall, from 2012 to 2024, the guideline value has increased by 10%. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Kolathuvancheri

In Kolathuvancheri, there are 146 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 4,600 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Arunachalam Avenue / Nagar's 2024 figure above this median.

• Arun Nagar / Street: Rs 990 per sq.ft (2024)
• Ashok Brindavan: Rs 2,200 per sq.ft (2024)
• Avvai Street: Rs 1,320 per sq.ft (2024)
• Ayyappan Koil Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar: Rs 1,870 per sq.ft (2024)
• Annai Abirami Nagar 2nd Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Arunachalam Avenue / Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,870 per sq.ft, the guideline value amounts to Rs 18,70,000. The stamp duty at 7% would be Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, bringing the total to Rs 1,68,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Arunachalam Avenue / Nagar?

The Sub Registrar Office that covers Arunachalam Avenue / 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. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kolathuvancheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is conducted at a fair price.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Arunachalam Avenue / Nagar?

The current guideline value of Arunachalam Avenue / Nagar is Rs 1,870 per sq.ft as of the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2012 to Rs 1,139 per sq.ft in 2017, then back to Rs 1,700 per sq.ft in 2023, and finally to Rs 1,870 per sq.ft in 2024.

What is the land classification for Arunachalam Avenue / Nagar?

The land classification for Arunachalam Avenue / Nagar is Residential Class II Type - I.

Where can I find the Sub Registrar Office for this area?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,870 per sq.ft would incur a total of Rs 1,68,300 in fees.