Guideline Value

Corporate

Guideline Value for ARUNACHALAM NAGAR

₹1925/sq.ft.

The guideline value for Arunachalam Nagar 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

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Arunachalam Nagar guideline value

The current guideline value of Arunachalam Nagar is Rs 1,925 per sq.ft, effective from 1 July 2024. This area is located in Vanagaram village and falls under the Chennai South Joint I SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Arunachalam Nagar has changed

The guideline value for Arunachalam Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 1,750 per sq.ft, which then decreased to Rs 1,172 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,750 per sq.ft in 2023, and currently stands at Rs 1,925 per sq.ft as per the 2024 revision. Notably, the register has no figure for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a substantial increase of 49%. The recent change from 2023 to 2024 reflects a 10% increase. 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, with a median value of Rs 1,660 per sq.ft. The guideline value of Arunachalam Nagar is above this median.

Stamp duty and registration fee for property in Arunachalam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,925 per sq.ft, the total guideline value would be 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 fees together Rs 1,73,250. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Arunachalam Nagar?

The Sub Registrar Office covering Arunachalam Nagar 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 of property transactions in Vanagaram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate dues in the form of stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the actual sale price. The higher of the two values is used to calculate the stamp duty and registration fees, which are mandatory for completing the transaction legally.

Frequently asked questions

What is the current guideline value of Arunachalam Nagar?

The current guideline value of Arunachalam Nagar 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 to Rs 1,750 per sq.ft in 2023, and currently stands at Rs 1,925 per sq.ft in 2024.

What is the land classification for Arunachalam Nagar?

The land classification for Arunachalam Nagar is Residential Class II Type - I.

Where can I find the Sub Registrar Office for Arunachalam Nagar?

The Sub Registrar Office for Arunachalam Nagar is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated for property in Arunachalam Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 19,25,000, the stamp duty would be Rs 1,34,750 at a rate of 7%.