Guideline Value for Ariyan Street

Ariyan Street guideline value

The current guideline value of Ariyan Street, located in Vepery village under the Periamet SRO, is Rs 4,800 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - II land classification.

How the guideline value of Ariyan Street has changed

The guideline value for Ariyan Street has seen several revisions over the years. In the 2007 revision, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012. However, this figure dropped to Rs 3,015 per sq.ft in the 2017 revision, marking a decrease of 33%. The subsequent revision in 2023 saw a substantial increase to Rs 4,500 per sq.ft, followed by a further rise to the current value of Rs 4,800 per sq.ft in 2024, reflecting a 7% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for Ariyan Street. Overall, from 2007 to 2024, the guideline value has increased by 380%, showcasing significant changes over the years.

Guideline values in Vepery

In Vepery, there are 290 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 22,000 per sq.ft. The median value is Rs 4,800 per sq.ft, which is equal to the guideline value of Ariyan Street.

• Arimuthu Maistry street: Rs 4,800 per sq.ft (2024)
• Arani Muthaiya Mudali Street: Rs 4,800 per sq.ft (2024)
• Arunachalam Lane: Rs 6,000 per sq.ft (2024)
• Appa rao Garden: Rs 8,800 per sq.ft (2024)
• Arunchala Pillai Street: Rs 6,000 per sq.ft (2024)
• Ashirvathapuram 1st street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ariyan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,800 per sq.ft, the total guideline value amounts to Rs 48,00,000. The stamp duty, charged at 7%, would be Rs 3,36,000, while the registration fee at 2% would be Rs 96,000. Together, these fees total Rs 4,32,000. It is important to note that 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 Ariyan Street?

The Sub Registrar Office that covers Ariyan Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vepery. It helps determine the stamp duty and registration fees applicable to the transaction, ensuring that both the buyer and seller are aware of the financial implications of their deal.

When registering a property, the guideline value serves as a benchmark to assess the transaction's legitimacy. It is essential for buyers and sellers to be informed about the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ariyan Street?

The current guideline value of Ariyan Street is Rs 4,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 4,800 per sq.ft in 2024, reflecting an overall increase of 380% over the years.

Are there any revisions without figures for Ariyan Street?

Yes, the register does not have figures for the revisions in 2002 and 2003 for Ariyan Street.

What is the land classification of Ariyan Street?

Ariyan Street is classified as Residential Class II Type - II under the current guidelines.

Where is the Sub Registrar Office for Ariyan Street located?

The Sub Registrar Office covering Ariyan Street is located at 1103, Poonamallee High Road, Chennai-600 003.