Guideline Value for ARUNTHATHI PALAYAM 1ST STREET

Arunthathi Palayam 1st Street guideline value

The current guideline value of Arunthathi Palayam 1st Street is Rs 2,050 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village under the Avadi SRO, classified as Residential Class II Type - II.

How the guideline value of Arunthathi Palayam 1st Street has changed

The guideline value for Arunthathi Palayam 1st Street has seen several revisions over the years. The 2012 revision set the guideline value at Rs 700 per sq.ft, which then increased to Rs 1,250 per sq.ft in 2017, marking a significant rise of 79%. Following this, the 2023 revision brought the value to Rs 1,866 per sq.ft, reflecting a 49% increase from the previous figure.

As of the 2024 revision, the guideline value stands at Rs 2,050 per sq.ft, representing a 10% increase from the 2023 figure. Overall, from 2012 to 2024, the guideline value has increased by 193%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO with 2024 guideline values ranging from Rs 801 to Rs 4,730 per sq.ft. The median guideline value in this area is Rs 1,625 per sq.ft, making the 2024 figure for Arunthathi Palayam 1st Street above the median.

• Arunthathi Palayam 2nd Street: Rs 2,050 per sq.ft (2024)
• Arunthathi Palayam 3rd Street: Rs 2,050 per sq.ft (2024)
• Arunthathi Palayam 4th Street: Rs 2,050 per sq.ft (2024)
• Arunthathi Palayam Main Road: Rs 2,050 per sq.ft (2024)
• Arunthathi Puram: Rs 950 per sq.ft (2024)
• Arunagiri Nadar St: Rs 950 per sq.ft (2024)

Stamp duty and registration fee for property in Arunthathi Palayam 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,050 per sq.ft, the total guideline value amounts to Rs 20,50,000. The stamp duty at 7% would be Rs 1,43,500, and the registration fee at 2% would be Rs 41,000, bringing the total fees to Rs 1,84,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arunthathi Palayam 1st Street?

The Sub Registrar Office that covers Arunthathi Palayam 1st Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Paruthipattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is considered alongside the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, which are mandatory for completing the transaction legally.

Frequently asked questions

What is the current guideline value of Arunthathi Palayam 1st Street?

The current guideline value of Arunthathi Palayam 1st Street is Rs 2,050 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 700 per sq.ft in 2012 to Rs 2,050 per sq.ft in 2024, showing a total increase of 193% over this period.

What is the land classification for Arunthathi Palayam 1st Street?

Arunthathi Palayam 1st Street is classified as Residential Class II Type - II under the current guidelines.

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

The Avadi Sub Registrar Office covers Arunthathi Palayam 1st Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What are the stamp duty and registration fees for properties in this area?

Stamp duty is charged at 7% and the registration fee at 2% of the higher of the guideline value or sale price. For example, for a property valued at Rs 20,50,000, the total fees would amount to Rs 1,84,500.