Guideline Value for Arimuthu Achari Street

Arimuthu Achari Street guideline value

The current guideline value of Arimuthu Achari Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane SRO, and is classified as Residential Class I Type - I.

How the guideline value of Arimuthu Achari Street has changed

Over the years, the guideline value of Arimuthu Achari Street has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 945 per sq.ft. This increased significantly to Rs 6,000 per sq.ft in 2012, marking a rise of 535%. However, it then decreased to Rs 4,020 per sq.ft in 2017, a drop of 33%. Following this, the value surged to Rs 6,000 per sq.ft in 2023, and further increased by 10% to Rs 6,600 per sq.ft in 2024.

In summary, from 2017 to 2023, the value increased by 49%, and the overall change from 2007 to 2024 reflects a substantial increase of 598%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Triplicane

In Triplicane village, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value for these streets is Rs 6,600 per sq.ft, which is equal to the guideline value of Arimuthu Achari Street.

• Arimuthu Achari Maistry Street: Rs 6,600 per sq.ft (2024)
• Arumuga Achari Street: Rs 6,600 per sq.ft (2024)
• Arumugam Chetty Lane: Rs 5,500 per sq.ft (2024)
• Arumugam Chetty Street: Rs 5,500 per sq.ft (2024)
• Appavoo Gramani Street: Rs 7,700 per sq.ft (2024)
• Appavoo Gramani Lane: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Arimuthu Achari Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, making a total of Rs 5,94,000. It is essential to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Arimuthu Achari Street?

The Sub Registrar Office that covers Arimuthu Achari Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Triplicane. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects a fair valuation of the property.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential components of the overall transaction costs. Buyers and sellers should be aware of the current guideline value to ensure compliance with the legal requirements during property transactions.

Frequently asked questions

What is the current guideline value of Arimuthu Achari Street?

The current guideline value of Arimuthu Achari Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 945 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 598% over the years.

What is the land classification for Arimuthu Achari Street?

Arimuthu Achari Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

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

For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000 and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.

Which office handles property registrations for this street?

The Triplicane Sub Registrar Office is responsible for handling property registrations for Arimuthu Achari Street, located at No.182 Bharati Salai, Royapettah, Chennai-600014.