Guideline Value for Arumuga Vaidhiyar Street

Arumuga Vaidhiyar Street guideline value

The current guideline value of Arumuga Vaidhiyar Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane SRO, and is classified as Residential Class I Type - I.

How the guideline value of Arumuga Vaidhiyar Street has changed

The guideline value for Arumuga Vaidhiyar Street has seen several revisions over the years. In 2007, the value was Rs 945 per sq.ft, which increased significantly to Rs 6,000 per sq.ft in 2012. However, it then decreased to Rs 4,020 per sq.ft in 2017. The value rose to Rs 6,000 per sq.ft in 2023 and has now increased to Rs 6,600 per sq.ft in the 2024 revision. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, there was a notable increase of 49%, followed by a further increase of 10% from 2023 to 2024. The overall change from 2007 to 2024 reflects a substantial increase of 598%, showcasing the evolving guideline values over the years.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median guideline value is Rs 6,600 per sq.ft, which aligns with the current value for Arumuga Vaidhiyar Street.

• Arunachala Achari Street: Rs 7,700 per sq.ft (2024)
• Arumugappa Street: Rs 5,500 per sq.ft (2024)
• Arumuga Naicker Street: Rs 5,500 per sq.ft (2024)
• Arumugam Chetty Street: Rs 5,500 per sq.ft (2024)
• Arumugam Chetty Lane: Rs 5,500 per sq.ft (2024)
• Arumuga Achari Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Arumuga Vaidhiyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total to Rs 5,94,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Arumuga Vaidhiyar Street?

The Sub Registrar Office that covers Arumuga Vaidhiyar Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Triplicane. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the property transfer process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is necessary for legal and tax purposes. Buyers and sellers should be aware of the current guideline value to avoid discrepancies during registration.

Frequently asked questions

What is the current guideline value of Arumuga Vaidhiyar Street?

The current guideline value of Arumuga Vaidhiyar Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 945 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 598% over the years.

What are the other streets in Triplicane with guideline values?

Other streets in Triplicane include Arunachala Achari Street at Rs 7,700 per sq.ft, Arumugappa Street at Rs 5,500 per sq.ft, and Arumuga Achari Street at Rs 6,600 per sq.ft, among others.

What is the registration fee for properties on Arumuga Vaidhiyar Street?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 66,00,000, the registration fee would be Rs 1,32,000.

Where is the Sub Registrar Office for Arumuga Vaidhiyar Street located?

The Sub Registrar Office for Arumuga Vaidhiyar Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.