Guideline Value for ARUNTHATHI PALAYAM 3RD STREET

Arunthathi Palayam 3rd Street guideline value

The current guideline value of Arunthathi Palayam 3rd 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 falls under the Residential Class II Type - II land classification.

How the guideline value of Arunthathi Palayam 3rd Street has changed

The guideline value for Arunthathi Palayam 3rd Street has seen several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which increased to Rs 1,250 per sq.ft in 2017, marking a 79% increase. The value further rose to Rs 1,866 per sq.ft in the 2023 revision, reflecting a significant 49% increase from the previous revision.

With the latest 2024 revision, the guideline value has reached Rs 2,050 per sq.ft, which is a 10% increase from the 2023 figure. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 193%. It is important to note that the register has no figure for Arunthathi Palayam 3rd Street in the years 2002, 2003, and 2007.

Guideline values in Paruthipattu

In Paruthipattu, there are a total of 486 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft. The median value for these streets is Rs 1,625 per sq.ft, placing Arunthathi Palayam 3rd Street above this median.

• Arunthathi Palayam 2nd Street: Rs 2,050 per sq.ft (2024)
• Arunthathi Palayam 4th Street: Rs 2,050 per sq.ft (2024)
• Arunthathi Palayam 1st 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 3rd Street

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

Which Sub Registrar Office covers Arunthathi Palayam 3rd Street?

The Sub Registrar Office that covers Arunthathi Palayam 3rd 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. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor when registering property transactions in Paruthipattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties agree on a fair price. It ensures transparency in the transaction process, as the guideline value is publicly available and can be referenced by buyers, sellers, and real estate professionals.

Frequently asked questions

What is the current guideline value of Arunthathi Palayam 3rd Street?

The current guideline value of Arunthathi Palayam 3rd 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 changed from Rs 700 per sq.ft in 2012 to Rs 2,050 per sq.ft in 2024, representing a total increase of 193% over this period.

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

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value. For a 1,000 sq.ft property, the total fees would amount to Rs 1,84,500.

Which office do I need to register my property in Arunthathi Palayam 3rd Street?

The registration of property in Arunthathi Palayam 3rd Street is handled by the Avadi Sub Registrar Office, located in Thandurai Village, Avadi Taluk, Tiruvallur District.

What is the land classification for Arunthathi Palayam 3rd Street?

Arunthathi Palayam 3rd Street is classified under Residential Class II Type - II, indicating its suitability for residential development.