Guideline Value for ARUNDALE 2ND STREET

Arundale 2nd Street guideline value

The current guideline value of Arundale 2nd Street is Rs 11,000 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Arundale 2nd Street has changed

Since the 2002 revision, the guideline value for Arundale 2nd Street has seen significant changes. In 2002, the value was Rs 1,397 per sq.ft. This increased to Rs 1,546 per sq.ft in 2003, marking an increase of 11%. The value then rose substantially to Rs 2,200 per sq.ft in 2007, which was a 42% increase. The next revision in 2012 saw a decrease to Rs 10,000 per sq.ft, a drop of 355%. However, from 2012 to 2017, the value increased again to Rs 6,700 per sq.ft, showing a 49% rise. The 2023 revision set the value at Rs 10,000 per sq.ft, which then increased to Rs 11,000 per sq.ft in 2024, reflecting a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 687%. There are no figures available for revisions in years not mentioned above.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median value for these streets is Rs 9,900 per sq.ft, placing Arundale 2nd Street's 2024 figure above this median.

• Arundale 1st Street: Rs 11,000 per sq.ft (2024)
• Arundale 3rd Street: Rs 11,000 per sq.ft (2024)
• Astalakshmi Avenue: Rs 8,250 per sq.ft (2024)
• Astalakshmi Garden: Rs 8,250 per sq.ft (2024)
• Astalakshmi Kovil Street: Rs 7,150 per sq.ft (2024)
• Appar Street: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Arundale 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value would be Rs 1,10,00,000. The stamp duty at 7% would amount to Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, resulting in a total of Rs 9,90,000. It is important to note that the 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 Arundale 2nd Street?

The Sub Registrar Office covering Arundale 2nd 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. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process of property transactions in Thiruvanmiyur. It serves as the minimum value at which property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Arundale 2nd Street?

The current guideline value of Arundale 2nd Street is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,397 per sq.ft in 2002 to Rs 11,000 per sq.ft in 2024, showing an overall increase of 687% across various revisions.

What is the land classification for Arundale 2nd Street?

Arundale 2nd Street is classified as Residential Special Type - II, which indicates its designated use for residential purposes.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Arundale 2nd 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 is stamp duty calculated for properties in Thiruvanmiyur?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, if the guideline value is Rs 1,10,00,000, the stamp duty at 7% would be Rs 7,70,000.