Guideline Value for Arunachala Achari Street

Arunachala Achari Street guideline value

The current guideline value of Arunachala Achari Street is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane SRO, and falls under the Mixed Type - II land classification.

How the guideline value of Arunachala Achari Street has changed

The guideline value of Arunachala Achari Street has seen significant changes over the years. In 2002, the value was Rs 725 per sq.ft, which increased to Rs 796 per sq.ft in 2003, marking a 10% rise. The value continued to increase to Rs 1,145 per sq.ft in 2007, a substantial increase of 44%. By 2012, the guideline value reached Rs 7,000 per sq.ft, reflecting a remarkable increase of 511% from 2007. However, it then decreased to Rs 4,690 per sq.ft in 2017, a drop of 33%. The most recent revision in 2024 set the guideline value at Rs 7,700 per sq.ft, which is a significant increase of 64% from 2017.

It is important to note that there is no figure for this street in the 2023 revision. Overall, from 2002 to 2024, the guideline value has increased by 962%.

Guideline values in Triplicane

In Triplicane village, 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 value is Rs 6,600 per sq.ft, placing Arunachala Achari Street's 2024 figure above this median.

• Arumuga Vaidhiyar Street: Rs 6,600 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 Arunachala Achari Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, totaling Rs 6,93,000. Please note that the 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 Arunachala Achari Street?

The Sub Registrar Office that covers Arunachala Achari 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 in the registration process when buying or selling property in Triplicane. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable duties and fees. Buyers and sellers should be aware that these costs are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Arunachala Achari Street?

The current guideline value of Arunachala Achari Street is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 725 per sq.ft in 2002 to Rs 7,700 per sq.ft in 2024, marking an overall increase of 962%.

What are the other streets in Triplicane and their guideline values?

Other streets in Triplicane include Arumuga Vaidhiyar Street at Rs 6,600 per sq.ft, Arumugappa Street, Arumuga Naicker Street, Arumugam Chetty Street, and Arumugam Chetty Lane, all at Rs 5,500 per sq.ft, and Arumuga Achari Street at Rs 6,600 per sq.ft.

What is the stamp duty for property in Arunachala Achari Street?

The stamp duty for property in Arunachala Achari Street is calculated at 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would be Rs 5,39,000.

Which office handles registrations for Arunachala Achari Street?

The Triplicane Sub Registrar Office handles registrations for Arunachala Achari Street, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.