Guideline Value for Arulmozhi Nagar Pirathana Salai

Arulmozhi Nagar Pirathana Salai guideline value

The current guideline value of Arulmozhi Nagar Pirathana Salai is Rs 1,400 per sq.ft, effective from 1 July 2024. This street is located in Gowrivakkam village, under the Selaiyur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Arulmozhi Nagar Pirathana Salai has changed

The guideline value for Arulmozhi Nagar Pirathana Salai has undergone several revisions over the years. The earliest available revision is from 2007, where the guideline value was Rs 200 per sq.ft. This increased significantly to Rs 1,300 per sq.ft in 2012, marking a rise of 550%. However, it then decreased to Rs 871 per sq.ft in 2017, a drop of 33%. The value further increased to Rs 1,300 per sq.ft in 2023, and most recently to Rs 1,400 per sq.ft in 2024, reflecting an 8% increase.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 600%.

Guideline values in Gowrivakkam

In Gowrivakkam, there are 130 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 840 to Rs 3,750 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Arulmozhi Nagar Pirathana Salai is below this median.

• Appao Avenue: Rs 860 per sq.ft (2024)
• Asta Lakshmi Nagar: Rs 1,600 per sq.ft (2024)
• Anna Street: Rs 860 per sq.ft (2024)
• Annai Therasa Street: Rs 860 per sq.ft (2024)
• Bajanai Koil P.T.C. Colony 1st Street: Rs 1,400 per sq.ft (2024)
• Bajanai Koil P.T.C. Colony 2nd Street: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Arulmozhi Nagar Pirathana Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total to Rs 1,26,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arulmozhi Nagar Pirathana Salai?

The Sub Registrar Office that covers Arulmozhi Nagar Pirathana Salai is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Gowrivakkam, it is essential to consider the guideline value to ensure compliance with local regulations.

Additionally, the guideline value affects the stamp duty and registration fees payable during the transaction. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price, ensuring that the appropriate taxes are paid at the time of registration.

Frequently asked questions

What is the current guideline value of Arulmozhi Nagar Pirathana Salai?

The current guideline value of Arulmozhi Nagar Pirathana Salai is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2024, reflecting a significant increase of 600% over the years.

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

For a property valued at Rs 14,00,000, the stamp duty would be Rs 98,000 and the registration fee would be Rs 28,000, totaling Rs 1,26,000.

Which Sub Registrar Office covers this area?

The Selaiyur Sub Registrar Office covers Arulmozhi Nagar Pirathana Salai, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification of Arulmozhi Nagar Pirathana Salai?

Arulmozhi Nagar Pirathana Salai is classified as Residential Class I Type - I.