Guideline Value for Arasigara Street

Arasigara Street guideline value

The current guideline value of Arasigara Street in Menambedu village is Rs 1,001 per sq.ft, effective from 1 July 2024. This street falls under the Ambattur SRO and is classified as Residential Class IV Type - I.

How the guideline value of Arasigara Street has changed

The guideline value of Arasigara Street has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which was later adjusted to Rs 536 per sq.ft in 2017. This marked a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,000 per sq.ft, reflecting an increase of 87%. The most recent revision in 2024 saw a minimal change, bringing the value to Rs 1,001 per sq.ft, which is an increase of 0% from the previous year.

There are no figures available for Arasigara Street in the revisions for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 25%.

Guideline values in Menambedu

In Menambedu, there are 171 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median guideline value for these streets is Rs 1,003 per sq.ft, positioning Arasigara Street's 2024 value below this median.

• Anna Street (Elango Nagar): Rs 1,700 per sq.ft (2024)
• Anna Street (6th ward): Rs 1,700 per sq.ft (2024)
• Annamalai Street: Rs 1,000 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,001 per sq.ft (2024)
• Ambattur Annamalai Street: Rs 1,000 per sq.ft (2024)
• Allavantar Street: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Arasigara Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value amounts to Rs 10,01,000. The stamp duty at 7% would be Rs 70,070, and the registration fee at 2% would be Rs 20,020, bringing the total to Rs 90,090. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arasigara Street?

The Sub Registrar Office that covers Arasigara Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Menambedu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers and sellers must be aware of this value as it directly impacts the costs associated with the registration process.

Frequently asked questions

What is the current guideline value of Arasigara Street?

The current guideline value of Arasigara Street is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 1,001 per sq.ft in 2024, reflecting an overall increase of 25% over this period.

What is the registration office for Arasigara Street?

The registration office for Arasigara Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 10,01,000. The stamp duty would be Rs 70,070, and the registration fee would be Rs 20,020, totaling Rs 90,090.

Are there other streets in Menambedu with different guideline values?

Yes, there are several other streets in Menambedu with varying guideline values, ranging from Rs 1,000 to Rs 6,680 per sq.ft as of 2024.