Guideline Value for ARUNTHATHIPURAM

Arunthathipuram guideline value

The current guideline value of Arunthathipuram is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Arunthathipuram has changed

The guideline value for Arunthathipuram has undergone several revisions over the years. In 2002, the value was Rs 336 per sq.ft, which increased to Rs 369 per sq.ft in 2003, marking a 10% rise. The value saw a significant jump to Rs 550 per sq.ft in 2007, reflecting a 49% increase. This was followed by a remarkable increase to Rs 2,000 per sq.ft in 2012, a 264% rise from the previous revision. However, the value dropped to Rs 1,340 per sq.ft in 2017, a decrease of 33% from 2012. The guideline value then increased to Rs 2,000 per sq.ft in 2023, which was a 49% increase. Finally, the current value is Rs 2,200 per sq.ft, effective from 1 July 2024, representing a 10% increase from the previous year.

There are no figures available for the revisions in the years not mentioned in the register for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with the 2024 guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, indicating that Arunthathipuram's guideline value is below this median.

• Arunasalam Street: Rs 2,200 per sq.ft (2024)
• Arumugam Pillai Street: Rs 2,700 per sq.ft (2024)
• Asiriar Street: Rs 5,400 per sq.ft (2024)
• Asiriyar Colony Maraimalai Adigal Street: Rs 3,200 per sq.ft (2024)
• Asiriyar Velayutham Street: Rs 3,800 per sq.ft (2024)
• Arignar Anna Nagar: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Arunthathipuram

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000. Together, the total cost for stamp duty and registration fee would be Rs 1,98,000. 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 precise calculations.

Which Sub Registrar Office covers Arunthathipuram?

The Sub Registrar Office that covers Arunthathipuram is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Perambur. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property. Buyers and sellers must consider the guideline value to ensure compliance with legal and financial requirements during the transaction process.

When registering a property, the guideline value is used to calculate the applicable fees, which can significantly impact the overall cost of the transaction. Therefore, understanding the guideline value is essential for anyone looking to engage in property transactions in Arunthathipuram and the surrounding areas.

Frequently asked questions

What is the current guideline value of Arunthathipuram?

The current guideline value of Arunthathipuram is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 336 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 555% over the years.

What is the median guideline value in Perambur?

The median guideline value in Perambur is Rs 2,700 per sq.ft for the year 2024.

What are the stamp duty and registration fees for property in Arunthathipuram?

For a 1,000 sq.ft plot, the total guideline value is Rs 22,00,000, with a stamp duty of Rs 1,54,000 and a registration fee of Rs 44,000, totaling Rs 1,98,000.

Which office handles property registrations in Arunthathipuram?

The Purasaivakkam Sub Registrar Office handles property registrations in Arunthathipuram, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.