Guideline Value for Arunachalam Nagar 4th Street

Arunachalam Nagar 4th Street guideline value

The current guideline value of Arunachalam Nagar 4th 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 it falls under the Residential Class I Type - III land classification.

How the guideline value of Arunachalam Nagar 4th Street has changed

The guideline value for Arunachalam Nagar 4th Street has seen several revisions over the years. In 2003, 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%. The value then surged to Rs 2,000 per sq.ft in 2012, which was a remarkable increase of 400%. However, from 2012 to 2017, the value decreased by 33% to Rs 1,340 per sq.ft. The value then rose again to Rs 2,000 per sq.ft in 2023, reflecting a 49% increase. The current revision in 2024 sets the guideline value at Rs 2,200 per sq.ft, which is a 10% increase from the previous year.

There is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 1,089%.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value in this village is Rs 2,530 per sq.ft, making the 2024 figure for Arunachalam Nagar 4th Street below that median.

• Arunachalam Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Arunachalam Nagar 5th Street: Rs 3,300 per sq.ft (2024)
• Arunachalam Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Arunachalam Nagar 6th Street: Rs 3,300 per sq.ft (2024)
• Arunachalam Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• Arunachalam Nagar 7th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Arunachalam Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total cost Rs 1,98,000. Please 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 4th Street?

The Sub Registrar Office covering Arunachalam Nagar 4th 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 plays a crucial role in property transactions in Kilkattalai. 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 stamp duty and registration fees, ensuring that the government receives its due revenue from property transactions.

It is important for buyers and sellers to be aware of the guideline value, as it can affect the overall cost of the transaction. Understanding 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 Nagar 4th Street?

The current guideline value of Arunachalam Nagar 4th 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 significantly, from Rs 185 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 1,089% over the years.

What is the median guideline value in Kilkattalai?

The median guideline value in Kilkattalai is Rs 2,530 per sq.ft, which is higher than the current value for Arunachalam Nagar 4th Street.

How is the stamp duty calculated for properties in Arunachalam Nagar 4th Street?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 1,54,000 based on the current guideline value.

Where can I find the Sub Registrar Office for Arunachalam Nagar 4th Street?

The Sub Registrar Office for Arunachalam Nagar 4th Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.