Guideline Value for Arunachala Naicken street

Arunachala Naicken street guideline value

The current guideline value of Arunachala Naicken street is Rs 8,200 per sq.ft, effective from 1 July 2024. This street is located in Chindadripet village under the Periamet SRO, classified as Commercial Class I Type - II.

How the guideline value of Arunachala Naicken street has changed

The guideline value for Arunachala Naicken street has seen several revisions over the years. The 2007 revision set the value at Rs 4,000 per sq.ft, which increased to Rs 7,500 per sq.ft in 2012. However, this figure decreased by 33% to Rs 5,025 per sq.ft in 2017. The subsequent revision in 2023 raised it significantly to Rs 7,500 per sq.ft, and the latest revision in 2024 has further increased it to Rs 8,200 per sq.ft, marking a 9% rise from the previous year.

There are no figures available for Arunachala Naicken street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 105%, reflecting a substantial change over the years.

Guideline values in Chindadripet

In Chindadripet, there are 98 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,500 to Rs 18,100 per sq.ft. The median value is Rs 3,300 per sq.ft, placing Arunachala Naicken street's 2024 figure above this median.

• Arunchala lane: Rs 3,800 per sq.ft (2024)
• Audiyappa Chety street: Rs 3,800 per sq.ft (2024)
• Ayya Mudalai Street: Rs 3,800 per sq.ft (2024)
• Ayya mudali lane: Rs 3,800 per sq.ft (2024)
• Ayya Mudali street: Rs 6,000 per sq.ft (2024)
• Balakrishna Pillai 1st lane: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Arunachala Naicken street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,200 per sq.ft, the total guideline value would be Rs 82,00,000. The stamp duty at 7% would amount to Rs 5,74,000, while the registration fee at 2% would be Rs 1,64,000. Together, the total cost for these fees would be Rs 7,38,000. It’s important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arunachala Naicken street?

The Sub Registrar Office covering Arunachala Naicken street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Chindadripet, as it determines the minimum value at which a property can be registered. This value is set by the government and is regularly revised to reflect market conditions.

When a property transaction occurs, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Arunachala Naicken street?

The current guideline value of Arunachala Naicken street is Rs 8,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 4,000 per sq.ft in 2007 to Rs 8,200 per sq.ft in 2024, marking an overall increase of 105% from the 2007 figure.

What is the land classification for Arunachala Naicken street?

Arunachala Naicken street is classified as Commercial Class I Type - II, which indicates its suitability for commercial activities.

Where can I find the Sub Registrar Office for Arunachala Naicken street?

The Sub Registrar Office for Arunachala Naicken street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How are stamp duty and registration fees calculated?

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 82,00,000, the total fees would amount to Rs 7,38,000.