Guideline Value for ARUNACHALAM NAGAR 1 TO 5 STREET

Arunachalam Nagar 1 To 5 Street guideline value

The current guideline value for Arunachalam Nagar 1 To 5 Street is Rs 1,925 per sq.ft, effective from 1 July 2024. This street is located in Vanagaram village, under the Chennai South Joint I SRO, and is classified as Residential Class II Type - I.

How the guideline value of Arunachalam Nagar 1 To 5 Street has changed

The guideline value for Arunachalam Nagar 1 To 5 Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,750 per sq.ft. This value remained unchanged until the next revision in 2017, when it decreased to Rs 1,172 per sq.ft. However, in 2023, the value increased significantly to Rs 1,750 per sq.ft, reflecting a change of 49% from the 2017 figure. The most recent revision in 2024 set the guideline value at Rs 1,925 per sq.ft, marking a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Vanagaram

In Vanagaram, there are 287 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 5,500 per sq.ft. The median value for these streets is Rs 1,660 per sq.ft, placing Arunachalam Nagar 1 To 5 Street above this median.

• Arunachalam Nagar 1st Street: Rs 1,925 per sq.ft (2024)
• Arunachalam Nagar 2nd Street: Rs 1,925 per sq.ft (2024)
• Arunachalam Nagar: Rs 1,925 per sq.ft (2024)
• Arunachalam Nagar 3rd Street: Rs 1,925 per sq.ft (2024)
• Arunachalam Nagar 4th Street: Rs 1,925 per sq.ft (2024)
• Arunachalam Nagar 5th Street: Rs 1,925 per sq.ft (2024)

Stamp duty and registration fee for property in Arunachalam Nagar 1 To 5 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,925 per sq.ft, the total guideline value amounts to Rs 19,25,000. The stamp duty at 7% would be Rs 1,34,750, and the registration fee at 2% would be Rs 38,500, making the total cost for these fees Rs 1,73,250. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arunachalam Nagar 1 To 5 Street?

The Sub Registrar Office that covers Arunachalam Nagar 1 To 5 Street 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 Vanagaram

The guideline value plays a crucial role during the registration of property transactions in Vanagaram. It is used as a benchmark to determine the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value as it influences the overall costs involved in the transaction. Buyers should ensure that the sale price is in line with or exceeds the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value for Arunachalam Nagar 1 To 5 Street?

The current guideline value for Arunachalam Nagar 1 To 5 Street is Rs 1,925 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,750 per sq.ft in 2012 to Rs 1,172 per sq.ft in 2017, then increased to Rs 1,750 per sq.ft in 2023, and finally to Rs 1,925 per sq.ft in 2024.

What is the median guideline value for streets in Vanagaram?

The median guideline value for streets in Vanagaram is Rs 1,660 per sq.ft. Arunachalam Nagar 1 To 5 Street's 2024 figure of Rs 1,925 per sq.ft is above this median.

What are the stamp duty and registration fees for property in Arunachalam Nagar 1 To 5 Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 19,25,000. The stamp duty at 7% is Rs 1,34,750, and the registration fee at 2% is Rs 38,500, totaling Rs 1,73,250.

Where can I find the Sub Registrar Office for Arunachalam Nagar 1 To 5 Street?

The Sub Registrar Office for Arunachalam Nagar 1 To 5 Street 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.