Guideline Value for Arasamara Back Street

Arasamara Back Street guideline value

The current guideline value of Arasamara Back Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in the 2nd Division village under the Kanchipuram Joint IV SRO and is classified as Residential Class II Type - II.

How the guideline value of Arasamara Back Street has changed

The guideline value for Arasamara Back Street has seen several revisions over the years. In 2012, the value was set at Rs 1,000 per sq.ft. This figure remained until the 2017 revision, where it dropped to Rs 670 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the guideline value increased significantly to Rs 1,000 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has further increased the value to Rs 1,100 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street, indicating that the register has no figure for this street in it for those years.

Guideline values in 2nd Division

In the 2nd Division village, there are 101 streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 11,000 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Arasamara Back Street's 2024 figure below that median.

• Ashtapujam Keelandai Street: Rs 1,100 per sq.ft (2024)
• Ashtapujam Kumari Cheety Street: Rs 1,650 per sq.ft (2024)
• Ashtapujam Sannathi Street: Rs 1,100 per sq.ft (2024)
• Ashtapujam Thendai Mada Street: Rs 1,100 per sq.ft (2024)
• Ashtapujam Veeranand Cheety Street: Rs 1,320 per sq.ft (2024)
• Bakrapet kilaku Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Arasamara Back Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. 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 details.

Which Sub Registrar Office covers Arasamara Back Street?

The Sub Registrar Office that covers Arasamara Back Street is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

For more information, you can find your SRO.

How the guideline value is used when you buy or sell in 2nd Division

The guideline value plays a crucial role in the registration process when buying or selling property in the 2nd Division. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory for property transactions.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Arasamara Back Street?

The current guideline value of Arasamara Back Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Arasamara Back Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 11,00,000. The stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers Arasamara Back Street?

The Kanchipuram Joint IV Sub Registrar Office covers Arasamara Back Street, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

What is the land classification for Arasamara Back Street?

Arasamara Back Street is classified as Residential Class II Type - II.