Guideline Value for Arunachalam Nagar 5th Street

Arunachalam Nagar 5th Street guideline value

The current guideline value of Arunachalam Nagar 5th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kilkattalai village under the Pallavaram SRO, with a land classification of Mixed Type - II.

How the guideline value of Arunachalam Nagar 5th Street has changed

The guideline value for Arunachalam Nagar 5th Street has seen several revisions over the years. In 2003, the guideline value was Rs 185 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2007. Following that, the value jumped to Rs 3,000 per sq.ft in 2012, but then decreased to Rs 2,010 per sq.ft in 2017. The value rose again to Rs 3,000 per sq.ft in 2023, and currently stands at Rs 3,300 per sq.ft in the 2024 revision. There is no figure available for this street in the 2002 revision.

From 2003 to 2024, the guideline value has increased by a remarkable 1684%. The increase from 2017 to 2023 was 49%, while the jump from 2023 to 2024 was 10%. Notably, the value saw a substantial rise of 650% from 2007 to 2012 and a 116% increase from 2003 to 2007.

Guideline values in Kilkattalai

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

• Arunachalam Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Arunachalam Nagar 6th Street: Rs 3,300 per sq.ft (2024)
• Arunachalam Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Arunachalam Nagar 7th Street: Rs 3,300 per sq.ft (2024)
• Arunachalam Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Arunachalam Nagar 8th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Arunachalam Nagar 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, these costs would total Rs 2,97,000. 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 more details.

Which Sub Registrar Office covers Arunachalam Nagar 5th Street?

The Sub Registrar Office that covers Arunachalam Nagar 5th 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 an essential factor when buying or selling property in Kilkattalai, as it determines the stamp duty and registration fees payable at the time of registration. Buyers and sellers must consider this value to ensure compliance with local regulations and to accurately calculate the costs associated with the transaction.

When a property is registered, the guideline value serves as a benchmark for the transaction. If the sale price is higher than the guideline value, the stamp duty is charged based on the sale price. Conversely, if the sale price is lower, the duty is calculated on the guideline value.

Frequently asked questions

What is the current guideline value of Arunachalam Nagar 5th Street?

The current guideline value of Arunachalam Nagar 5th Street is Rs 3,300 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 3,300 per sq.ft in 2024, reflecting an overall increase of 1684% over this period.

What is the median guideline value for streets in Kilkattalai?

The median guideline value for the 194 streets in Kilkattalai under the Pallavaram SRO is Rs 2,530 per sq.ft.

What are the stamp duty and registration fees for a property in Arunachalam Nagar 5th Street?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Where is the Sub Registrar Office for Arunachalam Nagar 5th Street located?

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