Guideline Value for Arumuga naicker Street

Arumuga naicker Street guideline value

The current guideline value of Arumuga naicker Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Arumuga naicker Street has changed

The guideline value for Arumuga naicker Street has seen several revisions over the years. The earliest recorded figure is from 2007, with a guideline value of Rs 1,200 per sq.ft. This value increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 233%. However, by 2017, the value dropped to Rs 2,680 per sq.ft, a decrease of 33%. The guideline value then rose to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,400 per sq.ft following a 10% increase in 2024.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 267%. It is important to note that the register has no figures for Arumuga naicker Street for the years 2002 and 2003.

Guideline values in Ayanavaram

In Ayanavaram, there are 369 streets under the AnnaNagar SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, placing Arumuga naicker Street's 2024 figure below this median.

• Arulappa Street: Rs 4,400 per sq.ft (2024)
• Archin Lake Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Anna Street (Vellala Street 2nd Lane): Rs 4,400 per sq.ft (2024)
• Anna Street (GKM Colony) Chennai 82: Rs 4,400 per sq.ft (2024)
• Avvai Nagar 2nd Street, G.K.M.COLONY: Rs 4,400 per sq.ft (2024)
• Avvai Nagar, Chennai 82: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Arumuga naicker Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. It is important to note that 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 Arumuga naicker Street?

The Sub Registrar Office that covers Arumuga naicker Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Ayanavaram. It is used to determine the stamp duty and registration fees applicable when buying or selling property. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value helps ensure that the transaction is recorded at a fair value, reflecting the prevailing market conditions. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Arumuga naicker Street?

The current guideline value of Arumuga naicker Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Arumuga naicker Street has increased from Rs 1,200 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 267%.

What is the land classification for Arumuga naicker Street?

The land classification for Arumuga naicker Street is Residential Class II Type - I.

Where can I find the Sub Registrar Office for Arumuga naicker Street?

The Sub Registrar Office for Arumuga naicker Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How are stamp duty and registration fees calculated for properties?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 44,00,000, the fees would total Rs 3,96,000.