Guideline Value for ARUNDALE 3RD STREET

Arundale 3rd Street guideline value

The current guideline value of Arundale 3rd Street is Rs 11,000 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village, under the Chennai South Joint I SRO, and is classified as Residential Special Type - II.

How the guideline value of Arundale 3rd Street has changed

The guideline value for Arundale 3rd Street has seen significant changes over the years. In 2002, the guideline value was Rs 1,625 per sq.ft. This increased to Rs 1,798 per sq.ft in 2003, marking an 11% rise. The value then rose to Rs 2,200 per sq.ft in 2007, reflecting a 22% increase. The following revision in 2012 saw a substantial jump to Rs 10,000 per sq.ft, which was a remarkable 355% increase. However, from 2012 to 2017, the value decreased to Rs 6,700 per sq.ft, a decline of 33%. The value then surged again to Rs 10,000 per sq.ft in 2023, followed by the latest revision in 2024, which set the value at Rs 11,000 per sq.ft, a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 577%. The register has no figures for the revisions in years not listed above.

Guideline values in Thiruvanmiyur

Thiruvanmiyur village has a total of 484 streets under the Chennai South Joint I SRO, with guideline values for 2024 ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value in this area is Rs 9,900 per sq.ft, placing Arundale 3rd Street above this median.

• Arundale 2nd Street: Rs 11,000 per sq.ft (2024)
• Arundale 1st 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 3rd 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 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 3rd Street?

The Sub Registrar Office that covers Arundale 3rd 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 when registering property transactions in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

When buying or selling property, the guideline value ensures that the transaction reflects a fair value for the property being exchanged. This helps maintain transparency and accountability in property dealings within the region.

Frequently asked questions

What is the current guideline value of Arundale 3rd Street?

The current guideline value of Arundale 3rd 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 changed significantly, starting from Rs 1,625 per sq.ft in 2002 and rising to Rs 11,000 per sq.ft in 2024, marking an overall increase of 577% over this period.

What are the stamp duty and registration fees for property in Arundale 3rd Street?

For a property valued at Rs 1,10,00,000, the stamp duty would be Rs 7,70,000, and the registration fee would be Rs 2,20,000, totaling Rs 9,90,000.

Which Sub Registrar Office covers Arundale 3rd Street?

The Chennai South Joint I Sub Registrar Office covers Arundale 3rd Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the land classification of Arundale 3rd Street?

Arundale 3rd Street is classified as Residential Special Type - II, indicating its suitability for residential development.