Guideline Value for Arcuchala Gramani 4th Street

Arcuchala Gramani 4th Street guideline value

The current guideline value of Arcuchala Gramani 4th Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet SRO, and falls under the Residential Class III Type - I land classification.

How the guideline value of Arcuchala Gramani 4th Street has changed

The guideline value for Arcuchala Gramani 4th Street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,600 per sq.ft, which then dropped to Rs 2,412 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 3,600 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 3,900 per sq.ft, reflecting an 8% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street in the register. Overall, the guideline value has increased by 8% from 2012 to 2024.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median guideline value for these streets is Rs 7,100 per sq.ft, placing the 2024 figure for Arcuchala Gramani 4th Street below this median.

• Appavu Avenue Road: Rs 8,300 per sq.ft (2024)
• AppaSami Mudali Street (T.N.S.C.B. Portion): Rs 2,800 per sq.ft (2024)
• Appa Sami Mudali street: Rs 3,400 per sq.ft (2024)
• Appa Rao Garden 4th Cross Street: Rs 3,900 per sq.ft (2024)
• Appa Rao Garden 3rd Cross street: Rs 3,900 per sq.ft (2024)
• Appa Rao Garden 2nd cross Street: Rs 6,300 per sq.ft (2024)

Stamp duty and registration fee for property in Arcuchala Gramani 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total cost for these fees to Rs 3,51,000. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Arcuchala Gramani 4th Street?

The Sub Registrar Office that covers Arcuchala Gramani 4th Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Egmore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and compliant with local regulations.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are charged based on the higher of the guideline value or the actual sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Arcuchala Gramani 4th Street?

The current guideline value of Arcuchala Gramani 4th Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 3,900 per sq.ft in 2024, up from Rs 3,600 per sq.ft in 2023. The value was Rs 2,412 per sq.ft in 2017 and Rs 3,600 per sq.ft in 2012.

What are the stamp duty and registration fees for this area?

For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000, and the registration fee would be Rs 78,000, totaling Rs 3,51,000. These fees are based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office located?

The Periamet Sub Registrar Office is located at 1103, Poonamallee High Road, Chennai-600 003. This office handles registrations for properties in Arcuchala Gramani 4th Street.

What is the land classification for Arcuchala Gramani 4th Street?

Arcuchala Gramani 4th Street falls under the Residential Class III Type - I land classification, which is relevant for determining the guideline value and other regulatory aspects.