Guideline Value for ARUNTHATHI PALAYAM 2ND STREET

Arunthathi Palayam 2nd Street guideline value

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

How the guideline value of Arunthathi Palayam 2nd Street has changed

The guideline value for Arunthathi Palayam 2nd Street has seen several revisions over the years. The earliest recorded figure is from 2012, when the value was Rs 700 per sq.ft. This increased to Rs 1,250 per sq.ft in 2017, marking a significant rise of 79%. By the 2023 revision, the value had further increased to Rs 1,866 per sq.ft, reflecting a 49% change from the previous revision. The most recent revision in 2024 set the guideline value at Rs 2,050 per sq.ft, which is a 10% increase from 2023.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 193%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a guideline value for 2024, ranging from Rs 801 to Rs 4,730 per sq.ft. The median value among these streets is Rs 1,625 per sq.ft, placing Arunthathi Palayam 2nd Street's 2024 figure above that median.

• Arunthathi Palayam 1st 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 2nd 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 to Rs 1,84,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Arunthathi Palayam 2nd Street?

The Sub Registrar Office that covers Arunthathi Palayam 2nd 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 details.

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 transaction is documented at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate taxes based on the property's value, which is essential for maintaining transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Arunthathi Palayam 2nd Street?

The current guideline value of Arunthathi Palayam 2nd 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, which is an overall increase of 193% over the years.

What are the other streets with the same guideline value in Paruthipattu?

Other streets in Paruthipattu with the same guideline value of Rs 2,050 per sq.ft for 2024 include Arunthathi Palayam 1st Street, 3rd Street, 4th Street, and Main Road.

What is the registration office for Arunthathi Palayam 2nd Street?

The registration office for Arunthathi Palayam 2nd 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.

How is stamp duty calculated for properties in Arunthathi Palayam 2nd Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 20,50,000, the stamp duty would be Rs 1,43,500 at a rate of 7%.