Guideline Value for ARUNACHALAM Street

ARUNACHALAM Street guideline value

The current guideline value of ARUNACHALAM Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Ramapuram village, under the Chennai South Joint II SRO, and is classified as Residential Class II Type - II.

How the guideline value of ARUNACHALAM Street has changed

The guideline value for ARUNACHALAM Street has undergone several revisions over the years. The earliest recorded value was Rs 375 per sq.ft in 2002, which increased to Rs 469 per sq.ft in 2003, marking a 25% rise. Following this, the value saw a significant jump to Rs 1,100 per sq.ft in 2007, reflecting a 135% increase. The next revision in 2012 saw the value drop to Rs 2,500 per sq.ft, a decrease of 33%. In 2017, it rose again to Rs 1,675 per sq.ft, an increase of 49%. The most recent revision in 2023 set the value at Rs 2,500 per sq.ft, which then increased to Rs 2,750 per sq.ft in 2024, a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 633%. There are no figures for ARUNACHALAM Street in the years not listed in the register.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median value for these streets is Rs 3,100 per sq.ft, which means that ARUNACHALAM Street's 2024 figure is below this median.

• Arunachalam 2nd Street: Rs 2,750 per sq.ft (2024)
• Arunachalam 1st Street: Rs 2,750 per sq.ft (2024)
• Aringar Anna Street: Rs 2,750 per sq.ft (2024)
• Appadurai Street: Rs 3,100 per sq.ft (2024)
• ANNASAMY Street: Rs 3,100 per sq.ft (2024)
• Avvai Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in ARUNACHALAM Street

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers ARUNACHALAM Street?

The Sub Registrar Office that covers ARUNACHALAM Street is the Chennai South Joint II 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 details.

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

When buying or selling property in Ramapuram, the guideline value plays a crucial role during the registration process. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

It is essential for buyers and sellers to be aware of the guideline value as it can impact the overall transaction costs. The guideline value is periodically revised, reflecting changes in the real estate landscape and local regulations.

Frequently asked questions

What is the current guideline value of ARUNACHALAM Street?

The current guideline value of ARUNACHALAM Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 375 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 633% over this period.

What is the land classification for ARUNACHALAM Street?

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

Where can I find the Sub Registrar Office for ARUNACHALAM Street?

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

How is the stamp duty calculated for properties on ARUNACHALAM Street?

Stamp duty for properties on ARUNACHALAM Street is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total cost including stamp duty and registration fees can be calculated using the current guideline value.