Guideline Value for ARYA GOWDA SALAI

Arya Gowda Salai guideline value

The current guideline value of Arya Gowda Salai is Rs 11,000 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, 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 has changed

The guideline value for Arya Gowda Salai has seen significant changes over the years. In 2003, the value was Rs 1,543 per sq.ft, which increased to Rs 2,500 per sq.ft in 2007, marking a 62% rise. The value remained unchanged at Rs 10,000 per sq.ft from 2012 until the 2023 revision. In 2024, the guideline value was revised to Rs 11,000 per sq.ft, reflecting a 10% increase from the previous year.

Notably, there are no figures available for the years 2002 and 2017 for this street. The overall increase from the 2003 revision to the 2024 revision is 613%, showcasing substantial growth in the guideline value over the years.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO with 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's 2024 figure above this median.

• Arya Gowda Salai Extention: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value amounts to Rs 1,10,00,000. The stamp duty, calculated at 7%, would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, bringing the total fees to Rs 9,90,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Arya Gowda Salai?

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

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

The guideline value is a crucial factor during the registration of property transactions in Puliyur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official valuation of the property.

When buying or selling property, it is essential to be informed about the current guideline value, as it directly affects the costs associated with the transaction. Being aware of these figures can help in making informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of Arya Gowda Salai?

The current guideline value of Arya Gowda Salai 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 1,543 per sq.ft in 2003 to Rs 11,000 per sq.ft in 2024, showing an overall increase of 613% over this period.

What is the land classification for Arya Gowda Salai?

The land classification for Arya Gowda Salai is Commercial Special Type - I, indicating its suitability for commercial activities.

Where is the Sub Registrar Office located for Arya Gowda Salai?

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

How is stamp duty calculated for properties in Arya Gowda Salai?

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