Guideline Value for ARUNACHALAM NAGAR BHARATHI SALAI

Arunachalam Nagar Bharathi Salai guideline value

The current guideline value for Arunachalam Nagar Bharathi Salai 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, classified as Residential Class III Type - I.

How the guideline value of Arunachalam Nagar Bharathi Salai has changed

Over the years, the guideline value for Arunachalam Nagar Bharathi Salai has seen several revisions. The 2012 revision set the value at Rs 1,750 per sq.ft, which was later revised to Rs 1,172 per sq.ft in 2017. Following this, the value increased to Rs 1,750 per sq.ft in 2023, and the most recent revision in 2024 has set it at Rs 1,930 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, while the value increased by 49% from 2017 to 2023. The jump from 2023 to 2024 represents a 10% increase. Overall, from 2012 to 2024, the guideline value has seen a 10% increase.

Guideline values in Karambakkam

In Karambakkam, there are 159 streets under the Chennai South Joint I SRO that carry 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 for Arunachalam Nagar Bharathi Salai.

• Arunachalam Nagar 7th Street: Rs 1,930 per sq.ft (2024)
• Arunachalam Nagar 3rd Street: Rs 1,930 per sq.ft (2024)
• Arunachalam Nagar 3rd Cross Street: Rs 1,930 per sq.ft (2024)
• Arunachalam Nagar 2nd Street: Rs 1,930 per sq.ft (2024)
• Arunachalam Nagar 1st Street: Rs 1,930 per sq.ft (2024)
• Arunachala Nagar: Rs 1,930 per sq.ft (2024)

Stamp duty and registration fee for property in Arunachalam Nagar Bharathi Salai

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 be Rs 1,35,100, and the registration fee at 2% would be Rs 38,600, making the total fees together Rs 1,73,700. 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 Arunachalam Nagar Bharathi Salai?

The Sub Registrar Office that covers Arunachalam Nagar Bharathi Salai 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 further assistance.

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

When buying or selling property in Karambakkam, the guideline value plays a crucial role during the registration process. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that transactions are conducted fairly and transparently.

The guideline value is used to assess the minimum value of the property being sold or bought. This means that if the sale price is lower than the guideline value, the stamp duty will be calculated based on the guideline value instead of the sale price.

Frequently asked questions

What is the current guideline value for Arunachalam Nagar Bharathi Salai?

The current guideline value for Arunachalam Nagar Bharathi Salai 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 1,172 per sq.ft in 2017, then increased to Rs 1,750 per sq.ft in 2023, and finally to Rs 1,930 per sq.ft in 2024.

What is the land classification for Arunachalam Nagar Bharathi Salai?

Arunachalam Nagar Bharathi Salai is classified as Residential Class III Type - I according to the guideline value register.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 19,30,000, the stamp duty would be Rs 1,35,100 and the registration fee would be Rs 38,600, totaling Rs 1,73,700. Duty is charged on the higher of the guideline value or the sale price.

Which office handles registrations for Arunachalam Nagar Bharathi Salai?

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