Guideline Value for Arumanthai Road

Arumanthai Road guideline value

The current guideline value of Arumanthai Road in Arumanthi village, under the Redhills SRO, is Rs 220 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Arumanthai Road has changed

The guideline value for Arumanthai Road has seen significant changes over the years. In 2003, the value was Rs 16 per sq.ft, which increased to Rs 50 per sq.ft in 2007, marking a 213% rise. The value then jumped to Rs 200 per sq.ft in 2012, showing a substantial increase of 300%. However, it decreased to Rs 134 per sq.ft in 2017, reflecting a decline of 33%. By 2023, the value rose to Rs 200 per sq.ft, and in 2024, it further increased to Rs 220 per sq.ft, which is a 10% increase from the previous year. Overall, from 2003 to 2024, the guideline value has increased by 1,275%.

The register has no figure for the year 2002 for this street. The revisions show a fluctuating trend, with the most recent increase indicating a growing value for properties in this area.

Guideline values in Arumanthi

The guideline values for properties in Arumanthi village range from Rs 165 to Rs 1,100 per sq.ft as of 2024, with a median value of Rs 275 per sq.ft. The guideline value for Arumanthai Road is below this median.

• Modern Town: Rs 330 per sq.ft (2024)
• Periamullaivoyal Street: Rs 220 per sq.ft (2024)
• Saraswathi Arul Nagar: Rs 165 per sq.ft (2024)
• Sri Bhavani Amman Garden: Rs 330 per sq.ft (2024)
• Sri Krishna Nagar: Rs 330 per sq.ft (2024)
• Sri Ram Nagar: Rs 165 per sq.ft (2024)

Stamp duty and registration fee for property in Arumanthai Road

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, and the registration fee at 2% would be Rs 4,400, making the total fees Rs 19,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Arumanthai Road?

The Sub Registrar Office that covers Arumanthai Road is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Arumanthi. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, it is essential to be aware of the current guideline value, as it can impact the overall cost of the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Arumanthai Road?

The current guideline value of Arumanthai Road is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 16 per sq.ft in 2003 to Rs 220 per sq.ft in 2024, reflecting an overall increase of 1,275% over this period.

What is the land classification for Arumanthai Road?

The land classification for Arumanthai Road is Residential Class II Type - I.

Where can I find the Sub Registrar Office for Arumanthai Road?

The Sub Registrar Office for Arumanthai Road is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 220 per sq.ft would incur total fees of Rs 19,800.