Guideline Value for ARYA GOWDA SALAI EXTENTION

Arya Gowda Salai Extention guideline value

The current guideline value of Arya Gowda Salai Extention is Rs 11,000 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village and falls under the Kodambakkam Sub Registrar Office (SRO). The land classification for this area is Commercial Special Type - I.

How the guideline value of Arya Gowda Salai Extention has changed

The guideline value for Arya Gowda Salai Extention has undergone several revisions over the years. The earliest recorded figure is from the 2007 revision, which was Rs 2,500 per sq.ft. This increased significantly to Rs 10,000 per sq.ft in the 2012 revision, marking a 300% increase. However, there are no figures available for the years 2002, 2003, 2017, and 2023.

In the most recent 2024 revision, the guideline value rose to Rs 11,000 per sq.ft, reflecting a 10% increase from the 2012 figure. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 340%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, placing Arya Gowda Salai Extention above this median.

• Arya Gowda Salai: Rs 11,000 per sq.ft (2024)
• Ashok Avenue: Rs 8,200 per sq.ft (2024)
• Arunachala Nagar 2nd Street: Rs 5,300 per sq.ft (2024)
• Arunachala Nagar 1st Street: Rs 5,300 per sq.ft (2024)
• Arokiasamy Street: Rs 5,000 per sq.ft (2024)
• Asif Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Arya Gowda Salai Extention

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value would be Rs 1,10,00,000. The stamp duty at 7% would amount to Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, bringing the total cost to Rs 9,90,000. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Arya Gowda Salai Extention?

The Kodambakkam Sub Registrar Office covers Arya Gowda Salai Extention. The office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

It is essential for buyers and sellers to be aware of the guideline value, as it can influence the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Arya Gowda Salai Extention?

The current guideline value of Arya Gowda Salai Extention is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,500 per sq.ft in 2007 to Rs 11,000 per sq.ft in 2024, reflecting a total increase of 340% over the years.

What is the land classification for Arya Gowda Salai Extention?

The land classification for Arya Gowda Salai Extention is Commercial Special Type - I.

Where can I find the Kodambakkam Sub Registrar Office?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 1,10,00,000, the stamp duty would be Rs 7,70,000 at a rate of 7%.