Guideline Value for ARUNACHALANAGAR-EXTNI

Arunachalanagar-Extni guideline value

The current guideline value of Arunachalanagar-Extni is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Devanthavakkam village under the Oothukkottai SRO, classified as Residential Class I Type - I.

How the guideline value of Arunachalanagar-Extni has changed

The guideline value for Arunachalanagar-Extni has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 100 per sq.ft. This remained unchanged in the 2017 revision, where it was Rs 67 per sq.ft. The 2023 revision again set the value at Rs 100 per sq.ft, and the same value was maintained in the 2024 revision, showing no change from the previous year.

From 2012 to 2017, there was a decrease of 33%, followed by an increase of 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 100 per sq.ft.

Guideline values in Devanthavakkam

In Devanthavakkam, there are 12 streets under the Oothukkottai SRO that carry a 2024 guideline value, all set at Rs 100 per sq.ft, with the median also being Rs 100 per sq.ft. Arunachalanagar-Extni's 2024 figure aligns with this median.

• Balakrishna Avenue: Rs 100 per sq.ft (2024)
• Dr.KALAINGAR NAGAR: Rs 100 per sq.ft (2024)
• Eden Garden: Rs 100 per sq.ft (2024)
• Kalaingar Karunanithi Nagar: Rs 100 per sq.ft (2024)
• Krishna Nagar: Rs 100 per sq.ft (2024)
• Thirumailai Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Arunachalanagar-Extni

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. The duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arunachalanagar-Extni?

The Sub Registrar Office covering Arunachalanagar-Extni is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Devanthavakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Arunachalanagar-Extni?

The current guideline value of Arunachalanagar-Extni is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft from 2012 to 2024, with a decrease of 33% from 2012 to 2017, followed by a 49% increase from 2017 to 2023.

What is the registration office for Arunachalanagar-Extni?

The registration office for Arunachalanagar-Extni is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone.

How is stamp duty calculated for properties in Arunachalanagar-Extni?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 at 7%.

Are there other streets in Devanthavakkam with the same guideline value?

Yes, there are several other streets in Devanthavakkam under the Oothukkottai SRO that also have a guideline value of Rs 100 per sq.ft in 2024.