Guideline Value for Arumalai Chavadi

Arumalai Chavadi guideline value

The current guideline value of Arumalai Chavadi is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Cantonment Pallavaram village, under the Pallavaram SRO, and is classified as Residential Class I Type - II.

How the guideline value of Arumalai Chavadi has changed

The guideline value for Arumalai Chavadi has seen significant changes over the years. In 2003, the guideline value was Rs 656 per sq.ft, which increased to Rs 800 per sq.ft in 2007. Following this, there was a substantial rise to Rs 3,000 per sq.ft in 2012, but it decreased to Rs 2,010 per sq.ft in 2017. The value then rose to Rs 3,000 per sq.ft in 2023 before reaching the current value of Rs 3,300 per sq.ft in 2024. The register has no figure for this street for the year 2002.

Between the revisions, the changes were as follows: from 2003 to 2007, there was an increase of 22%. However, the value surged by 275% from 2007 to 2012. The value then decreased by 33% from 2012 to 2017, followed by a significant increase of 49% from 2017 to 2023. The current revision from 2023 to 2024 reflects a 10% increase, leading to an overall increase of 403% from 2003 to 2024.

Guideline values in Cantonment Pallavaram

Cantonment Pallavaram has a range of guideline values for its 81 streets under the Pallavaram SRO. The 2024 figures range from Rs 1,650 to Rs 11,000 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value of Arumalai Chavadi is above this median.

• Arumugapillai Street: Rs 2,750 per sq.ft (2024)
• Asen Basha Street: Rs 3,300 per sq.ft (2024)
• Arian Street: Rs 2,200 per sq.ft (2024)
• Appavoo Naicken Street: Rs 2,700 per sq.ft (2024)
• Anthoniya Street: Rs 2,200 per sq.ft (2024)
• Bajanai Koil Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Arumalai Chavadi

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the 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 details.

Which Sub Registrar Office covers Arumalai Chavadi?

The Sub Registrar Office that covers Arumalai Chavadi is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

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

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process reflects the official valuation of the property in the area.

Frequently asked questions

What is the current guideline value of Arumalai Chavadi?

The current guideline value of Arumalai Chavadi 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 significantly from Rs 656 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 403% over this period.

What is the land classification for Arumalai Chavadi?

Arumalai Chavadi is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Arumalai Chavadi?

The Sub Registrar Office for Arumalai Chavadi is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is stamp duty calculated for properties in Arumalai Chavadi?

Stamp duty is 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 at 7%.