Guideline Value for Arunachalam Nagar 10th Street

Arunachalam Nagar 10th Street guideline value

The current guideline value of Arunachalam Nagar 10th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kilkattalai village, under the Pallavaram SRO, and is classified as Residential Class I Type - III.

How the guideline value of Arunachalam Nagar 10th Street has changed

The guideline value for Arunachalam Nagar 10th Street has seen significant changes over the years. In the 2003 revision, the guideline value was Rs 185 per sq.ft. This figure increased to Rs 400 per sq.ft in 2007, marking a substantial rise of 116%. The value then surged to Rs 2,000 per sq.ft in 2012, reflecting a remarkable increase of 400%. However, it dropped to Rs 1,340 per sq.ft in 2017, a decrease of 33%. The most recent revisions show an increase to Rs 2,000 per sq.ft in 2023, followed by a rise to Rs 2,200 per sq.ft in 2024, which is a 10% increase.

To summarize the revisions: from 2003 to 2007, the value increased by 116%; from 2007 to 2012, it increased by 400%; from 2012 to 2017, it decreased by 33%; from 2017 to 2023, it increased by 49%; and finally, from 2023 to 2024, it increased by 10%. The register has no figure for this street in 2002.

Guideline values in Kilkattalai

Kilkattalai village has 194 streets under the Pallavaram SRO with a 2024 guideline value range from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value in the village is Rs 2,530 per sq.ft, placing Arunachalam Nagar 10th Street's 2024 figure below that median.

• Arunachalam Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• Arunachalam Nagar: Rs 3,300 per sq.ft (2024)
• Arunachalam Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Arunachalam Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Arunachalam koil Street(sivan koil st.): Rs 2,160 per sq.ft (2024)
• Arunachalam Nagar 4th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Arunachalam Nagar 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Arunachalam Nagar 10th Street?

The Sub Registrar Office that covers Arunachalam Nagar 10th Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the property registration process in Kilkattalai. It determines 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 serves as a reference point for both buyers and sellers. It is essential to understand that the registration fees and stamp duty are calculated based on this value, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Arunachalam Nagar 10th Street?

The current guideline value of Arunachalam Nagar 10th Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 185 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, with several fluctuations in between.

What is the land classification for Arunachalam Nagar 10th Street?

The land classification for Arunachalam Nagar 10th Street is Residential Class I Type - III.

Where is the Sub Registrar Office located for this area?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 1,54,000.