Guideline Value for ARUNTHATHIYARPURAM

Arunthathiyarpuram guideline value

The current guideline value of Arunthathiyarpuram is Rs 126 per sq.ft, effective from 1 July 2024. This area is located in Salavakkam village, under the Salavakkam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Arunthathiyarpuram has changed

Over the years, the guideline value of Arunthathiyarpuram has seen several revisions. The 2012 revision set the value at Rs 125 per sq.ft, which was a slight decrease to Rs 84 per sq.ft in the 2017 revision, marking a 33% drop. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 126 per sq.ft, where it remained in the 2023 revision as well. The 2024 revision also maintains this figure at Rs 126 per sq.ft, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 revision to the 2024 revision, there is a marginal increase of 1% in the guideline value.

Guideline values in Salavakkam

In Salavakkam, there are 38 streets under the Salavakkam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 250 per sq.ft, with a median value of Rs 150 per sq.ft. Arunthathiyarpuram's 2024 figure is below this median.

• Angala Parameshwari Nagar: Rs 101 per sq.ft (2024)
• Angalamman Koil Street: Rs 126 per sq.ft (2024)
• Bazaar Street: Rs 200 per sq.ft (2024)
• Chandar Nagar Phase-4: Rs 150 per sq.ft (2024)
• Chandar Nagar Phase-I,II,III: Rs 150 per sq.ft (2024)
• Chetti Street: Rs 126 per sq.ft (2024)

Stamp duty and registration fee for property in Arunthathiyarpuram

For a 1,000 sq.ft plot at the current guideline rate of Rs 126 per sq.ft, the guideline value would be Rs 1,26,000. The stamp duty at 7% would be Rs 8,820, and the registration fee at 2% would be Rs 2,520, making the total Rs 11,340. 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 details.

Which Sub Registrar Office covers Arunthathiyarpuram?

The Sub Registrar Office that covers Arunthathiyarpuram is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Salavakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value serves as a benchmark for calculating these fees, ensuring that the transaction is recorded accurately in the official registers.

It is essential for buyers and sellers to be aware of the current guideline value, as it can affect the overall cost of property transactions. Ensuring that the property is registered at the correct guideline value can also help avoid legal issues in the future.

Frequently asked questions

What is the current guideline value of Arunthathiyarpuram?

The current guideline value of Arunthathiyarpuram is Rs 126 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 126 per sq.ft from 2023 to 2024. It increased from Rs 84 per sq.ft in 2017 to Rs 126 per sq.ft in 2023, marking a 50% increase. From 2012 to 2017, there was a decrease of 33% from Rs 125 per sq.ft to Rs 84 per sq.ft.

What is the land classification of Arunthathiyarpuram?

Arunthathiyarpuram is classified as Residential Class II Type - I, indicating its suitability for residential development.

What is the registration office for Arunthathiyarpuram?

The Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone, is responsible for property registrations in Arunthathiyarpuram.

How is stamp duty calculated for properties in Arunthathiyarpuram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 1,26,000 would incur a stamp duty of Rs 8,820 at 7% and a registration fee of Rs 2,520 at 2%.