Guideline Value for Arunachalam Nagar 3rd Street

Arunachalam Nagar 3rd Street guideline value

The current guideline value of Arunachalam Nagar 3rd Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kilkattalai village, under the Pallavaram SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Arunachalam Nagar 3rd Street has changed

The guideline value for Arunachalam Nagar 3rd Street has undergone several revisions over the years. The earliest recorded figure is from 2003, when the guideline value was Rs 185 per sq.ft. This increased to Rs 400 per sq.ft in 2007, marking a significant rise of 116%. In 2012, the value remained at Rs 2,000 per sq.ft, which was a 400% increase from the previous revision. However, it then decreased to Rs 1,340 per sq.ft in 2017, representing a decline of 33%.

From 2017 to 2023, the guideline value saw a notable increase to Rs 2,000 per sq.ft, a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year. It is important to note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,080 to Rs 5,500 per sq.ft as per the 2024 revision. The median guideline value for these streets is Rs 2,530 per sq.ft, placing Arunachalam Nagar 3rd Street's 2024 figure below this median.

• Arunachalam Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Arunachalam Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Arunachalam Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• Arunachalam Nagar 5th Street: Rs 3,300 per sq.ft (2024)
• Arunachalam Nagar 10th Street: Rs 2,200 per sq.ft (2024)
• Arunachalam Nagar 6th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Arunachalam Nagar 3rd 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, while the registration fee at 2% would be Rs 44,000. Together, these fees total Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Arunachalam Nagar 3rd Street?

The Sub Registrar Office that covers Arunachalam Nagar 3rd Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, 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 when registering property transactions in Kilkattalai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property. Buyers and sellers should ensure they are aware of the current guideline value to avoid any discrepancies during the registration process.

When a property is sold, the guideline value is used to calculate the applicable duties and fees. This ensures that the transaction is in line with government regulations and helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Arunachalam Nagar 3rd Street?

The current guideline value of Arunachalam Nagar 3rd 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 changed from Rs 185 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 1089% over the years.

What is the land classification for Arunachalam Nagar 3rd Street?

The land classification for Arunachalam Nagar 3rd Street is Residential Class I Type - III.

What is the stamp duty rate for properties in Arunachalam Nagar 3rd Street?

The stamp duty rate for properties in Arunachalam Nagar 3rd Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Arunachalam Nagar 3rd Street located?

The Sub Registrar Office covering Arunachalam Nagar 3rd Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.