Guideline Value

Corporate

Guideline Value for ARUNACHALAM NAGAR 3RD STREET

₹1925/sq.ft.

The guideline value for Arunachalam Nagar 3rd Street in Vanagaram village (Chennai South Joint I SRO, Chennai zone) is Rs 1925 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 Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vanagaram

Village

Chennai South Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1925 /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 Street

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Arunachalam Nagar 3rd Street guideline value

The current guideline value of Arunachalam Nagar 3rd Street is Rs 1,925 per sq.ft, effective from 1 July 2024. This street is located in Vanagaram 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 Nagar 3rd Street has changed

The guideline value for Arunachalam Nagar 3rd Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,750 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 1,172 per sq.ft. However, from 2017 to 2023, the value significantly increased to Rs 1,750 per sq.ft, followed by a further rise to Rs 1,925 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street in the register.

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 guideline value in this area is Rs 1,660 per sq.ft, placing Arunachalam Nagar 3rd Street's current value above this median.

Stamp duty and registration fee for property in Arunachalam Nagar 3rd 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, bringing the total fees together to Rs 1,73,250. 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 detailed calculations.

Which Sub Registrar Office covers Arunachalam Nagar 3rd Street?

The Sub Registrar Office that covers Arunachalam Nagar 3rd 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 Vanagaram

The guideline value plays a crucial role in the registration process when buying or selling property in Vanagaram. It serves as a reference point for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. This helps in maintaining uniformity in property valuations across the region.

Frequently asked questions

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

The current guideline value of Arunachalam Nagar 3rd 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 in Vanagaram?

The median guideline value in Vanagaram is Rs 1,660 per sq.ft, with Arunachalam Nagar 3rd Street's current value being above this median.

What are the stamp duty rates for properties in Arunachalam Nagar 3rd Street?

The stamp duty rate for properties in Arunachalam Nagar 3rd Street is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles registrations for Arunachalam Nagar 3rd Street?

The Chennai South Joint I Sub Registrar Office handles registrations for Arunachalam Nagar 3rd Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.