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Guideline Value

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Guideline Value for ARUNACHALAM NAGAR 3RD CROSS STREET

₹1930/sq.ft.

The guideline value for Arunachalam Nagar 3rd Cross Street 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 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
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 Arunachalam Nagar 3rd Cross Street

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Arunachalam Nagar 3rd Cross Street guideline value

The current guideline value of Arunachalam Nagar 3rd Cross Street is Rs 1,930 per sq.ft, effective from 1 July 2024. This street is located in Karambakkam village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Arunachalam Nagar 3rd Cross Street has changed

The guideline value for Arunachalam Nagar 3rd Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,750 per sq.ft, which remained unchanged until the 2017 revision, where it increased to Rs 1,172 per sq.ft, marking a decrease of 33%. The value then rose significantly to Rs 1,750 per sq.ft in 2023, followed by the latest revision in 2024, which established the current value at Rs 1,930 per sq.ft, reflecting a 10% increase from the previous year.

In summary, from 2012 to 2024, the overall change in the guideline value is an increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Karambakkam

In Karambakkam, there are 159 streets under the Chennai South Joint I SRO that have 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 value of Arunachalam Nagar 3rd Cross Street.

Stamp duty and registration fee for property in Arunachalam Nagar 3rd Cross Street

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, leading to a total of Rs 1,73,700. 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 detailed calculations.

Which Sub Registrar Office covers Arunachalam Nagar 3rd Cross Street?

The Sub Registrar Office that covers Arunachalam Nagar 3rd Cross 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 information.

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

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

When a property is sold, the registration office uses the guideline value to calculate the applicable fees, ensuring that the transaction is recorded accurately and legally. This value helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Arunachalam Nagar 3rd Cross Street?

The current guideline value of Arunachalam Nagar 3rd Cross Street 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 from Rs 1,750 per sq.ft in 2012 to Rs 1,930 per sq.ft in 2024, reflecting an overall increase of 10% from 2012 to 2024.

What are the other streets with the same guideline value in Karambakkam?

Other streets in Karambakkam with the same guideline value of Rs 1,930 per sq.ft include Arunachalam Nagar 1st Street, 2nd Street, 3rd Street, 7th Street, Arunachalam Nagar Bharathi Salai, and Arunachalam Garden Main Road.

What is the registration fee based on the guideline value?

The registration fee is calculated based on the guideline value, which for a 1,000 sq.ft plot at Rs 1,930 per sq.ft would be Rs 38,600, as it is charged at 2% of the guideline value.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting 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 also use the find your SRO link for more assistance.