Guideline Value for Arcot Road

Arcot Road guideline value

The current guideline value of Arcot Road in Porur village, under the Kunrathur SRO, is Rs 4,950 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Special Type - I.

How the guideline value of Arcot Road has changed

The guideline value for Arcot Road has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 482 per sq.ft. In 2003, it increased to Rs 750 per sq.ft, marking a 56% rise. The 2007 revision saw a significant jump to Rs 1,250 per sq.ft, which was a 67% increase. The value further escalated to Rs 4,500 per sq.ft in 2012, reflecting a 260% increase from the previous revision. However, there was a decline to Rs 3,015 per sq.ft in 2017, a decrease of 33%.

From 2017 to 2023, the guideline value rose to Rs 4,500 per sq.ft, representing a 49% increase. The most recent revision in 2024 set the value at Rs 4,950 per sq.ft, a 10% increase from the previous year. There are no figures available for the revisions of years not mentioned in this register.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft, with the median being Rs 3,960 per sq.ft. The guideline value of Arcot Road is above this median.

• Arumugam Nagar: Rs 3,960 per sq.ft (2024)
• Anna Salai (Highway): Rs 4,950 per sq.ft (2024)
• Anna Salai: Rs 4,950 per sq.ft (2024)
• Ashtalakshmi Nagar 1st Street: Rs 4,290 per sq.ft (2024)
• Ashtalakshmi Nagar 3rd Street: Rs 4,290 per sq.ft (2024)
• Annai Velankanni Avenue: Rs 4,290 per sq.ft (2024)

Stamp duty and registration fee for property in Arcot Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value would be Rs 49,50,000. The stamp duty at 7% would amount to Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, bringing the total to Rs 4,45,500. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arcot Road?

The Sub Registrar Office that covers Arcot Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is an important factor in the registration process when buying or selling property in Porur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers should be aware that the guideline value can influence the overall cost of property transactions.

When a property is registered, the guideline value is checked against the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Arcot Road?

The current guideline value of Arcot Road is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 482 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 927% over the years.

What is the land classification for Arcot Road?

The land classification for Arcot Road is Mixed Special Type - I.

What are the stamp duty and registration fees for property in Arcot Road?

For a 1,000 sq.ft plot, the total guideline value is Rs 49,50,000. The stamp duty is Rs 3,46,500, and the registration fee is Rs 99,000, totaling Rs 4,45,500.

Where can I find the Sub Registrar Office for Arcot Road?

The Sub Registrar Office for Arcot Road is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more details online.