Guideline Value for Arunachalam Block 5th Street

Arunachalam Block 5th Street guideline value

The current guideline value of Arunachalam Block 5th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Arunachalam Block 5th Street has changed

The guideline value of Arunachalam Block 5th Street has seen several revisions over the years. The earliest recorded value is from 2007, which was Rs 800 per sq.ft. This figure increased significantly to Rs 3,000 per sq.ft in 2012, marking a 275% increase. However, it then decreased to Rs 2,010 per sq.ft in 2017, a reduction of 33%. The value rose again to Rs 3,000 per sq.ft in 2023, followed by the current value of Rs 3,300 per sq.ft in 2024, reflecting a 10% increase from the previous year. There are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft, with a median value of Rs 4,900 per sq.ft. The guideline value for Arunachalam Block 5th Street is below this median.

• Arunachalam Block 4th Street: Rs 3,300 per sq.ft (2024)
• Arunachalam Block 6th Street: Rs 3,300 per sq.ft (2024)
• Arunachalam Block 3rd Street: Rs 3,300 per sq.ft (2024)
• Arunachalam Block 7th Street: Rs 3,300 per sq.ft (2024)
• Arunachalam Block 2nd Street: Rs 3,300 per sq.ft (2024)
• Arunachalam Block 8th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Arunachalam Block 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Arunachalam Block 5th Street?

The Arunachalam Block 5th Street comes under the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Kodambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. It is important to note that the stamp duty is charged 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 Arunachalam Block 5th Street?

The current guideline value of Arunachalam Block 5th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, representing an overall increase of 313% over the years.

What is the land classification for Arunachalam Block 5th Street?

The land classification for Arunachalam Block 5th Street is Residential Class IV Type - II.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office handles registrations for this street?

The Ashok Nagar Sub Registrar Office handles registrations for Arunachalam Block 5th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.