Guideline Value for ARUNACHALAM NAGAR

Arunachalam Nagar guideline value

The current guideline value of Arunachalam Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024. This locality is situated in Kilkattalai village, under the Pallavaram SRO, and is classified as Mixed Type - II land.

How the guideline value of Arunachalam Nagar has changed

Over the years, the guideline value of Arunachalam Nagar has seen several revisions. The 2012 revision set the value at Rs 3,000 per sq.ft, which was later reduced to Rs 2,010 per sq.ft in the 2017 revision. Following that, the 2023 revision increased the value to Rs 3,000 per sq.ft, and the most recent 2024 revision has raised it further to Rs 3,300 per sq.ft. The register has no figure for the years 2002, 2003, and 2007 for this street.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023, followed by a 10% increase from 2023 to 2024. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO, with the 2024 guideline values ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,530 per sq.ft, placing Arunachalam Nagar's 2024 figure above the median.

• Arunachalam koil Street(sivan koil st.): Rs 2,160 per sq.ft (2024)
• Arunachalam Nagar 10th Street: Rs 2,200 per sq.ft (2024)
• Arunachalam Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• Arunachalam Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Arunachalam Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Arunachalam Nagar 4th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Arunachalam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arunachalam Nagar?

The Arunachalam Nagar area falls under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Kilkattalai. When buying or selling property, this value is used to determine the applicable stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

During the registration process, the guideline value is compared with the sale price of the property. The higher of the two values is used to calculate the necessary fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Arunachalam Nagar?

The current guideline value of Arunachalam Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase being from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024. The value was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012.

What are the registration fees for property in Arunachalam Nagar?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Arunachalam Nagar?

The Pallavaram Sub Registrar Office handles registrations for Arunachalam Nagar, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the land classification of Arunachalam Nagar?

Arunachalam Nagar is classified as Mixed Type - II land, which is relevant for determining its guideline value and potential uses.