Guideline Value for ArunaChalam Street

ArunaChalam Street guideline value

The current guideline value of ArunaChalam Street in Ikkadu village, under the Tiruvallur Joint 1 SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - III land classification.

How the guideline value of ArunaChalam Street has changed

Over the years, the guideline value for ArunaChalam Street has seen several revisions. The earliest recorded figure is from 2007, with a guideline value of Rs 50 per sq.ft. This value increased significantly to Rs 300 per sq.ft in 2012, marking a 500% rise. However, by 2017, the value decreased to Rs 201 per sq.ft, reflecting a 33% drop. The subsequent revisions in 2023 and 2024 both maintained the guideline value at Rs 300 per sq.ft, indicating no change between these two years.

There are no recorded figures for ArunaChalam Street in the years 2002 and 2003. From 2017 to 2023, the guideline value increased by 49%, and overall, from 2007 to 2024, the value has risen by 500%.

Guideline values in Ikkadu

In Ikkadu village, there are 51 streets under the Tiruvallur Joint 1 SRO that have a 2024 guideline value, ranging from Rs 100 to Rs 1,400 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value of ArunaChalam Street is below this median.

• Anna Nagar: Rs 500 per sq.ft (2024)
• Balaji Nagar: Rs 500 per sq.ft (2024)
• Ambetkar street: Rs 500 per sq.ft (2024)
• Ambedkar Nagar: Rs 500 per sq.ft (2024)
• Amala Nagar: Rs 400 per sq.ft (2024)
• Elumalai Garden: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in ArunaChalam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further assistance, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers ArunaChalam Street?

The Sub Registrar Office covering ArunaChalam Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process of property transactions in Ikkadu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value as per the regulations set by the Registration Department. This helps maintain transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of ArunaChalam Street?

The current guideline value of ArunaChalam Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, then decreased to Rs 201 per sq.ft in 2017, and remained at Rs 300 per sq.ft in 2023 and 2024.

What is the median guideline value in Ikkadu?

The median guideline value in Ikkadu is Rs 400 per sq.ft, while ArunaChalam Street's current value is below this median.

What are the stamp duty and registration fees for property in ArunaChalam Street?

For a 1,000 sq.ft property, the total guideline value is Rs 3,00,000, with a stamp duty of Rs 21,000 and a registration fee of Rs 6,000, totaling Rs 27,000.

Where is the Sub Registrar Office for ArunaChalam Street located?

The Sub Registrar Office for ArunaChalam Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.