Guideline Value for Arunachalam Lane

Arunachalam Lane guideline value

The current guideline value of Arunachalam Lane is Rs 9,400 per sq.ft, effective from 1 July 2024. This street is located in Adayar village, under the Adayar SRO, and is classified as Residential Special Type - II.

How the guideline value of Arunachalam Lane has changed

The guideline value for Arunachalam Lane has seen several revisions over the years. The 2024 revision sets the value at Rs 9,400 per sq.ft, an increase from Rs 8,500 per sq.ft in 2023, reflecting an 11% rise. Prior to that, the 2017 revision recorded a value of Rs 5,695 per sq.ft, marking a significant 49% increase from the previous 2023 figure. The 2012 revision also had a value of Rs 8,500 per sq.ft, which was a decrease of 33% from the 2017 revision. The 2007 revision had set the value at Rs 3,600 per sq.ft, indicating a substantial increase of 136% to the 2012 figure.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for Arunachalam Lane. Overall, from 2007 to 2024, the guideline value has increased by 161%.

Guideline values in Adayar

Adayar village has a total of 92 streets under the Adayar SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value in this area is Rs 6,100 per sq.ft, placing Arunachalam Lane's 2024 figure above this median.

• Arunachalam Road: Rs 11,000 per sq.ft (2024)
• Arulalamman Pettai Street: Rs 3,300 per sq.ft (2024)
• Anna Salai Lane: Rs 10,500 per sq.ft (2024)
• Avvai Colony: Rs 3,300 per sq.ft (2024)
• Anna Salai: Rs 15,400 per sq.ft (2024)
• Anchaneyar Kovil Street: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Arunachalam Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 9,400 per sq.ft, the total guideline value amounts to Rs 94,00,000. The stamp duty at 7% would be Rs 6,58,000, and the registration fee at 2% would be Rs 1,88,000, bringing the total to Rs 8,46,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arunachalam Lane?

The Sub Registrar Office that covers Arunachalam Lane is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Adayar. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

During the registration process, the guideline value helps to ensure transparency and fairness in property transactions. It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration of the property.

Frequently asked questions

What is the current guideline value of Arunachalam Lane?

The current guideline value of Arunachalam Lane is Rs 9,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the most recent revision in 2024 showing an increase from Rs 8,500 per sq.ft in 2023. Overall, from 2007 to 2024, the value has increased by 161%.

Where can I find the Adayar Sub Registrar Office?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the stamp duty rate for properties in Arunachalam Lane?

The stamp duty rate for properties in Arunachalam Lane is 7% of the guideline value or the sale price, whichever is higher.

What are the other streets in Adayar with their guideline values?

Other streets in Adayar have varying guideline values, ranging from Rs 3,300 to Rs 15,400 per sq.ft. For instance, Arunachalam Road is valued at Rs 11,000 per sq.ft, while Avvai Colony is at Rs 3,300 per sq.ft.