Guideline Value for Arulalamman Pettai Street

Arulalamman Pettai Street guideline value

The current guideline value of Arulalamman Pettai Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Adayar village under the Adayar SRO, classified as Residential Class IV Type - III.

How the guideline value of Arulalamman Pettai Street has changed

The guideline value for Arulalamman Pettai Street has undergone several revisions over the years. In 2007, the value was Rs 1,500 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012, marking a significant rise of 100%. However, it then saw a decrease to Rs 2,010 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 3,000 per sq.ft in 2023, and most recently, it reached Rs 3,300 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Notably, there are no registered figures for this street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 120%.

Guideline values in Adayar

In Adayar village, there are 92 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 15,400 per sq.ft, with a median value of Rs 6,100 per sq.ft. Arulalamman Pettai Street's 2024 value is below this median.

• Arunachalam Lane: Rs 9,400 per sq.ft (2024)
• Arunachalam Road: Rs 11,000 per sq.ft (2024)
• Anna Salai Lane: Rs 10,500 per sq.ft (2024)
• Anna Salai: Rs 15,400 per sq.ft (2024)
• Avvai Colony: Rs 3,300 per sq.ft (2024)
• Anchaneyar Kovil Street: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Arulalamman Pettai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000. Together, the total fees would be Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arulalamman Pettai Street?

The Sub Registrar Office that covers Arulalamman Pettai Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Adayar. It determines the minimum value at which the property can be registered, ensuring that the transaction is recorded accurately and fairly.

When you register a property, 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 appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Arulalamman Pettai Street?

The current guideline value of Arulalamman Pettai Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 1,500 per sq.ft in 2007, increasing to Rs 3,000 in 2012, dropping to Rs 2,010 in 2017, then rising to Rs 3,000 in 2023, and finally reaching Rs 3,300 in 2024.

What is the land classification for Arulalamman Pettai Street?

Arulalamman Pettai Street is classified as Residential Class IV Type - III, indicating its use for residential purposes.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Arulalamman Pettai Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee Rs 66,000.