Guideline Value for Aruljothi Street

Aruljothi Street guideline value

The current guideline value of Aruljothi Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Thalakanancherry village under the Alandur SRO, classified as Residential Class II Type - II.

How the guideline value of Aruljothi Street has changed

The guideline value of Aruljothi Street has seen significant changes over the years. In the 2007 revision, the guideline value was Rs 750 per sq.ft. This increased to Rs 2,500 per sq.ft in 2012, marking a substantial rise of 233%. However, in the 2017 revision, the value decreased to Rs 1,675 per sq.ft, a drop of 33%. The value then rose again to Rs 2,500 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the value at Rs 2,800 per sq.ft, which is a 12% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for Aruljothi Street. Overall, from 2007 to 2024, the guideline value has increased by 273%.

Guideline values in Thalakanancherry

In Thalakanancherry village, there are 318 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value is Rs 3,900 per sq.ft, indicating that Aruljothi Street's 2024 figure is below this median.

• Arul Jothi Nagar: Rs 2,800 per sq.ft (2024)
• Aruna Nagar Colony Layout (TNGO Colony): Rs 4,400 per sq.ft (2024)
• Anna Street: Rs 2,800 per sq.ft (2024)
• Annasalai: Rs 2,800 per sq.ft (2024)
• Ayyappan Nagar: Rs 4,400 per sq.ft (2024)
• Bakthavachalam Nagar 10th Cross Street*: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Aruljothi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, while the registration fee at 2% would be Rs 56,000. Therefore, the total cost for stamp duty and registration would be Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Aruljothi Street?

The Sub Registrar Office that covers Aruljothi Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Thalakanancherry. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When a buyer or seller engages in a property transaction, the guideline value ensures that the taxes are calculated fairly based on the officially recognized value of the property. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Aruljothi Street?

The current guideline value of Aruljothi Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 750 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 273% over the years.

What is the registration office for Aruljothi Street?

The registration office for Aruljothi Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in Aruljothi Street?

Stamp duty for properties in Aruljothi Street is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 at a rate of 7%.

What are the other streets in Thalakanancherry with similar guideline values?

Other streets in Thalakanancherry include Arul Jothi Nagar, Anna Street, and Annasalai, all with a guideline value of Rs 2,800 per sq.ft in 2024. Other streets like Aruna Nagar Colony Layout and Ayyappan Nagar have higher values.