Guideline Value for Arcot Salai

Arcot Salai guideline value

The current guideline value of Arcot Salai in Kavulbazaar village, under the Pammal SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Arcot Salai has changed

The guideline value for Arcot Salai has undergone several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision. The latest revision in 2024 raised the value further to Rs 1,100 per sq.ft, marking a 10% increase from the previous year. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The jump from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024 reflects a significant change in the property landscape in this area.

Guideline values in Kavulbazaar

Kavulbazaar village has 44 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 825 to Rs 4,500 per sq.ft. The median value for these streets is Rs 825 per sq.ft, placing Arcot Salai's 2024 figure above this median.

• Anna Street: Rs 825 per sq.ft (2024)
• Anna Highway(5): Rs 1,100 per sq.ft (2024)
• Anna Highway(4): Rs 1,100 per sq.ft (2024)
• Anna Highway (3): Rs 1,100 per sq.ft (2024)
• Anna Highway(2): Rs 1,100 per sq.ft (2024)
• Bajanai Koil Street (4): Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Arcot Salai

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the 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, totaling Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arcot Salai?

The Sub Registrar Office covering Arcot Salai is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kavulbazaar, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration regulations.

At the time of registration, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Arcot Salai?

The current guideline value of Arcot Salai is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64% during this period.

What are the other streets in Kavulbazaar with their guideline values?

Other streets in Kavulbazaar include Anna Street at Rs 825 per sq.ft, and several Anna Highway streets at Rs 1,100 per sq.ft. The guideline values range from Rs 825 to Rs 4,500 per sq.ft in the village.

What fees are associated with registering property in Arcot Salai?

When registering property in Arcot Salai, buyers must pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Arcot Salai is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.