Guideline Value for Arunachalam Lane

Arunachalam Lane guideline value

The current guideline value of Arunachalam Lane is Rs 6,000 per sq.ft, effective from 1 July 2024. This street is located in Vepery village under the Periamet SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Arunachalam Lane has changed

The guideline value register shows no figures for Arunachalam Lane for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision, effective from 1 July 2024, sets the guideline value at Rs 6,000 per sq.ft.

As there are no changes between the revisions for this street, the current guideline value remains the same as established in the 2024 revision.

Guideline values in Vepery

In Vepery, there are 290 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 22,000 per sq.ft, with a median of Rs 4,800 per sq.ft. Arunachalam Lane's 2024 figure is above this median.

• Arunchala Pillai Street: Rs 6,000 per sq.ft (2024)
• Ashirvathapuram 1st street: Rs 3,300 per sq.ft (2024)
• Ashirvathapuram 2nd strret: Rs 3,300 per sq.ft (2024)
• Ashirvathapuram 3rd strret: Rs 3,300 per sq.ft (2024)
• Ashirvathapuram 4nd strret: Rs 3,300 per sq.ft (2024)
• Ashirvathapuram 5th strret: Rs 3,300 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 6,000 per sq.ft, the total guideline value would be Rs 60,00,000. The stamp duty at 7% would be Rs 4,20,000, and the registration fee at 2% would be Rs 1,20,000, totaling Rs 5,40,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arunachalam Lane?

The Sub Registrar Office that covers Arunachalam Lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Vepery, as it determines the base value for stamp duty and registration fees. When a property is sold, the guideline value is used to calculate the applicable taxes, ensuring that both the buyer and seller adhere to the legal requirements set by the state.

It is important for buyers and sellers to be aware of the guideline value, as it directly impacts the overall cost of property transactions. Accurate knowledge of the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Arunachalam Lane?

The current guideline value of Arunachalam Lane is Rs 6,000 per sq.ft, effective from 1 July 2024.

What land classification does Arunachalam Lane fall under?

Arunachalam Lane falls under the Residential Class II Type - I land classification.

How has the guideline value changed over the years?

The guideline value register shows no figures for Arunachalam Lane for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only current figure is from the 2024 revision, which is Rs 6,000 per sq.ft.

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

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

Where can I find the Sub Registrar Office for Arunachalam Lane?

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