Guideline Value for Arulpandian Street ( Periyar Nagar)

Arulpandian Street ( Periyar Nagar) guideline value

The current guideline value of Arulpandian Street ( Periyar Nagar) is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and falls under the Residential Class II Type - II land classification.

How the guideline value of Arulpandian Street ( Periyar Nagar) has changed

The guideline value of Arulpandian Street has seen significant changes over the years. In 2002, the guideline value was Rs 230 per sq.ft, which increased to Rs 260 per sq.ft in 2003, marking a 13% rise. The value further increased to Rs 360 per sq.ft in 2007, reflecting a 38% change. By 2017, the value had risen dramatically to Rs 1,206 per sq.ft, a 235% increase from the previous revision. However, there is no figure available for this street in the 2012 revision.

In the subsequent revisions, the guideline value continued to rise, reaching Rs 1,800 per sq.ft in 2023, which was a 49% increase from the 2017 figure. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, representing a 10% increase from 2023. Overall, from 2002 to 2024, the guideline value has increased by 761%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,090 per sq.ft, indicating that Arulpandian Street's 2024 figure is below this median.

• Arumugam Street 1st Street Extension: Rs 1,980 per sq.ft (2024)
• Arumugam Street 2nd Street Extension: Rs 1,980 per sq.ft (2024)
• Arumugam Street (Anna Salai): Rs 1,980 per sq.ft (2024)
• Arumugam Street Extn, V.O.C Nagar: Rs 2,750 per sq.ft (2024)
• Arumugam Street, V.O.C Nagar: Rs 2,750 per sq.ft (2024)
• Argeeswarar Colony Main Road: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Arulpandian Street ( Periyar Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, resulting in a total of Rs 1,78,200. It is important to note that the stamp duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Arulpandian Street ( Periyar Nagar)?

The Sub Registrar Office that covers Arulpandian Street ( Periyar Nagar) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair price, reflecting the current market conditions. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Arulpandian Street ( Periyar Nagar)?

The current guideline value of Arulpandian Street ( Periyar Nagar) is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 230 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, representing an overall increase of 761% over the years.

What is the land classification for Arulpandian Street ( Periyar Nagar)?

Arulpandian Street ( Periyar Nagar) is classified under Residential Class II Type - II land classification.

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

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which office handles the registration for Arulpandian Street ( Periyar Nagar)?

The Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone, handles the registration for this street.