Guideline Value for Arunachalam Block 6th Street

Arunachalam Block 6th Street guideline value

The current guideline value of Arunachalam Block 6th 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 6th Street has changed

The guideline value for Arunachalam Block 6th Street has undergone several revisions over the years. In 2007, the value was Rs 800 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, there was a decrease to Rs 2,010 per sq.ft in 2017. The value then rose to Rs 3,000 per sq.ft in 2023, and currently stands at Rs 3,300 per sq.ft as of the 2024 revision. The register has no figure for this street in 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. Following this, the jump from 2023 to 2024 is 10%. Overall, from 2007 to 2024, the guideline value has risen by 313%, reflecting significant changes in property valuation in this area.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, indicating that Arunachalam Block 6th Street's 2024 figure is below this median.

• Arunachalam Block 5th Street: Rs 3,300 per sq.ft (2024)
• Arunachalam Block 7th Street: Rs 3,300 per sq.ft (2024)
• Arunachalam Block 4th Street: Rs 3,300 per sq.ft (2024)
• Arunachalam Block 8th Street: Rs 3,300 per sq.ft (2024)
• Arunachalam Block 3rd Street: Rs 3,300 per sq.ft (2024)
• Arunachalam Block 2nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Arunachalam Block 6th Street

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

Which Sub Registrar Office covers Arunachalam Block 6th Street?

The Sub Registrar Office that covers Arunachalam Block 6th Street is 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 information.

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

The guideline value plays a crucial role in property transactions in Kodambakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, ensuring that these fees are calculated based on an official valuation of the property.

Additionally, the guideline value can influence the sale price of properties in the area. Buyers and sellers should be aware of the current guideline value to make informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Arunachalam Block 6th Street?

The current guideline value of Arunachalam Block 6th 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, marking an overall increase of 313% over the years.

What is the median guideline value in Kodambakkam?

The median guideline value in Kodambakkam is Rs 4,900 per sq.ft, which is higher than the current value of Arunachalam Block 6th Street.

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.

Where is the Sub Registrar Office for Arunachalam Block 6th Street located?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.