Guideline Value for ARUNACHALAM STREET

Arunachalam Street guideline value

The current guideline value of Arunachalam Street in Jelandianpettai village is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Residential Class II Type - I.

How the guideline value of Arunachalam Street has changed

The guideline value for Arunachalam Street has seen several revisions over the years. The earliest recorded figure is from 2007, when it was Rs 820 per sq.ft. This value increased significantly to Rs 2,000 per sq.ft in 2012, marking a 144% rise. However, in 2017, the value decreased to Rs 1,340 per sq.ft, a decline of 33%. The value then rose again to Rs 2,000 per sq.ft in 2023, before reaching the current figure of Rs 2,200 per sq.ft in 2024, which is a 10% increase from the previous year.

In summary, from 2007 to 2024, the overall change in the guideline value is an increase of 168%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Jelandianpettai

In Jelandianpettai, there are 248 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which is equal to the current guideline value of Arunachalam Street.

• Arumugam Street: Rs 2,200 per sq.ft (2024)
• Ashokar Street: Rs 2,200 per sq.ft (2024)
• Avvai Street: Rs 2,200 per sq.ft (2024)
• Anna Salai: Rs 2,200 per sq.ft (2024)
• Annamalai Street: Rs 2,200 per sq.ft (2024)
• Annaitherasa Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Arunachalam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. It is important to note that 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 Street?

The Sub Registrar Office that covers Arunachalam 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. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor in the registration process when buying or selling property in Jelandianpettai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, which is crucial for both the buyer and seller. This value also aids in maintaining transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Arunachalam Street?

The current guideline value of Arunachalam Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 820 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, representing an overall increase of 168% over the years.

What is the registration office for Arunachalam Street?

The registration office for Arunachalam 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.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the same value.

What is the land classification of Arunachalam Street?

Arunachalam Street is classified as Residential Class II Type - I under the Chennai South Joint I SRO.