Guideline Value for Aa.Po.Arasu St ( Ward No.18 )

Aa.Po.Arasu St ( Ward No.18 ) guideline value

The current guideline value of Aa.Po.Arasu St ( Ward No.18 ) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Aa.Po.Arasu St ( Ward No.18 ) has changed

In the 2012 revision, the guideline value was set at Rs 1,200 per sq.ft, which remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 1,300 per sq.ft, marking an 8% increase from the previous year. The revisions for the years 2002, 2003, 2007, and 2017 do not have any figures recorded for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. This reflects the changes in the valuation of properties in the area over the years.

Guideline values in Madhavaram

Madhavaram village has a total of 1,946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft as of the 2024 revision. The median guideline value for these streets is Rs 1,600 per sq.ft, placing Aa.Po.Arasu St's current value below that median.

• Aavin Illam (Ward-08): Rs 1,600 per sq.ft (2024)
• Abirami Nagar: Rs 1,300 per sq.ft (2024)
• Abirami Nagar (Ward-29): Rs 1,300 per sq.ft (2024)
• Adhilakshmi Nagar (Ward No.26): Rs 1,300 per sq.ft (2024)
• Adhi Nagar: Rs 1,300 per sq.ft (2024)
• Adhi Sesha Nagar (Ponniamman Medu): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Aa.Po.Arasu St ( Ward No.18 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aa.Po.Arasu St ( Ward No.18 )?

The Sub Registrar Office that covers Aa.Po.Arasu St ( Ward No.18 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are recorded fairly and transparently.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Aa.Po.Arasu St ( Ward No.18 )?

The current guideline value of Aa.Po.Arasu St ( Ward No.18 ) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,200 per sq.ft from 2012 to 2023, before increasing to Rs 1,300 per sq.ft in 2024. This represents an 8% increase from the previous year.

What is the land classification for Aa.Po.Arasu St ( Ward No.18 )?

Aa.Po.Arasu St ( Ward No.18 ) is classified as Residential Class III Type - I.

What is the median guideline value for streets in Madhavaram?

The median guideline value for streets in Madhavaram is Rs 1,600 per sq.ft, while Aa.Po.Arasu St's guideline value is below this median at Rs 1,300 per sq.ft.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more information through the provided link.