Guideline Value for Arokya Madha Street

Arokya Madha Street guideline value

The current guideline value of Arokya Madha Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village, under the Pammal SRO, and is classified as Residential Class II Type - I.

How the guideline value of Arokya Madha Street has changed

The guideline value for Arokya Madha Street has seen several revisions over the years. The earliest available figure is from the 2017 revision, which was Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Arokya Madha Street.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, which means Arokya Madha Street's 2024 guideline value is below that median.

• Arulmurgan Nagar: Rs 1,320 per sq.ft (2024)
• Arulmurugan Nagar 2nd Street: Rs 1,320 per sq.ft (2024)
• Arulmurugan Nagar Ist Street: Rs 1,320 per sq.ft (2024)
• Arumugam Street: Rs 1,100 per sq.ft (2024)
• Anna Street: Rs 1,650 per sq.ft (2024)
• Anna Nedun Salai: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Arokya Madha Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important 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 Arokya Madha Street?

The Sub Registrar Office that covers Arokya Madha Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Pozhichalur. It serves as a benchmark for determining the minimum value of a property during registration. This value is used to calculate the stamp duty and registration fees that need to be paid to the government.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Arokya Madha Street?

The current guideline value of Arokya Madha Street 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, which is a total increase of 64% over these years.

What is the registration office for Arokya Madha Street?

The registration office for Arokya Madha Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What are the stamp duty and registration fees for a property in Arokya Madha Street?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum value of a property for registration purposes, affecting the stamp duty and registration fees. It ensures that properties are not undervalued during transactions.