Guideline Value for Arunachala Eswarar Koil Street(West Mada Veethy)

Arunachala Eswarar Koil Street(West Mada Veethy) guideline value

The current guideline value of Arunachala Eswarar Koil Street(West Mada Veethy) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village and falls under the Royapuram SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Arunachala Eswarar Koil Street(West Mada Veethy) has changed

The guideline value for Arunachala Eswarar Koil Street(West Mada Veethy) has seen several revisions over the years. The 2007 revision set the value at Rs 800 per sq.ft, which increased to Rs 1,500 per sq.ft in 2012, marking an 88% increase. However, it then decreased to Rs 1,005 per sq.ft in 2017, reflecting a 33% drop. The value rose significantly to Rs 1,500 per sq.ft in 2023, followed by a further increase to Rs 1,600 per sq.ft in 2024, which is a 7% rise from the previous year.

For the years 2002 and 2003, the register has no figure for this street. Overall, from the 2007 revision to the current 2024 value, there has been a 100% increase in the guideline value per sq.ft.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft, with the median value being Rs 1,600 per sq.ft. Arunachala Eswarar Koil Street(West Mada Veethy) aligns with this median value.

• Arunachala Eswarar Koil Street(South Mada Veethy): Rs 1,600 per sq.ft (2024)
• Arunachala Eswarar Koil Street(North Mada Veethy): Rs 1,600 per sq.ft (2024)
• Arumugam Lane: Rs 1,300 per sq.ft (2024)
• Ashok Nagar 1st street: Rs 1,300 per sq.ft (2024)
• Ashok Nagar 2nd Street: Rs 1,300 per sq.ft (2024)
• Ashok Nagar 3rd Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Arunachala Eswarar Koil Street(West Mada Veethy)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arunachala Eswarar Koil Street(West Mada Veethy)?

The Sub Registrar Office covering Arunachala Eswarar Koil Street(West Mada Veethy) is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Arunachala Eswarar Koil Street(West Mada Veethy)?

The current guideline value of Arunachala Eswarar Koil Street(West Mada Veethy) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, showing an overall increase of 100%. The most recent change was a 7% increase from Rs 1,500 per sq.ft in 2023.

What is the land classification for Arunachala Eswarar Koil Street(West Mada Veethy)?

The land classification for Arunachala Eswarar Koil Street(West Mada Veethy) is Residential Class I Type - II.

Where can I find the registration office for this street?

The registration office for Arunachala Eswarar Koil Street(West Mada Veethy) is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is the stamp duty calculated for properties in Tondaiarpet?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 16,00,000, the stamp duty at 7% would be Rs 1,12,000.