Guideline Value for Arumugapillai Street

Arumugapillai Street guideline value

The current guideline value of Arumugapillai Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Cantonment Pallavaram village, under the Pallavaram SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Arumugapillai Street has changed

Over the years, the guideline value of Arumugapillai Street has undergone several revisions. The 2003 revision recorded a guideline value of Rs 658 per sq.ft, which increased to Rs 800 per sq.ft in 2007, marking a significant rise of 22%. The value then surged by 213% to Rs 2,500 per sq.ft in 2012, but saw a decrease of 33% to Rs 1,675 per sq.ft in 2017. Following this, the value increased by 49% to Rs 2,500 per sq.ft in 2023, and most recently, it has risen by 10% to Rs 2,750 per sq.ft in the 2024 revision.

It is important to note that the register has no figure for Arumugapillai Street in 2002. Overall, from 2003 to 2024, the guideline value has increased by 318%.

Guideline values in Cantonment Pallavaram

In Cantonment Pallavaram, there are 81 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, placing Arumugapillai Street's 2024 figure above this median.

• Arumalai Chavadi: Rs 3,300 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 Arumugapillai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees to Rs 2,47,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arumugapillai Street?

The Sub Registrar Office that covers Arumugapillai Street 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 in the registration process when buying or selling property in Cantonment Pallavaram. It determines the minimum value at which the property can be registered, ensuring that the transaction is recorded accurately for legal and taxation purposes.

When a property is sold, the guideline value serves as a benchmark for calculating stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Arumugapillai Street?

The current guideline value of Arumugapillai Street is Rs 2,750 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 658 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 318% over this period.

What are the other streets in Cantonment Pallavaram?

Other streets in Cantonment Pallavaram include Arumalai Chavadi, Asen Basha Street, Arian Street, Appavoo Naicken Street, Anthoniya Street, and Bajanai Koil Street, with varying guideline values.

What is the registration fee for property in Arumugapillai Street?

The registration fee for property in Arumugapillai Street is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a registration fee of Rs 55,000.

Where can I find the Sub Registrar Office for Arumugapillai Street?

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