Guideline Value for Arunachalam Nagar 6th Street

Arunachalam Nagar 6th Street guideline value

The current guideline value of Arunachalam Nagar 6th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kilkattalai village under the Pallavaram SRO, classified as Mixed Type - II land.

How the guideline value of Arunachalam Nagar 6th Street has changed

The guideline value for Arunachalam Nagar 6th 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, marking an increase of 116%. The value then jumped to Rs 3,000 per sq.ft in 2012, reflecting a 650% increase. However, it decreased to Rs 2,010 per sq.ft in 2017, a reduction of 33%. The guideline value rose again to Rs 3,000 per sq.ft in 2023, and currently stands at Rs 3,300 per sq.ft as of the 2024 revision, which is a 10% increase from the previous year.

It is important to note that the register has no figure for the year 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 1684%.

Guideline values in Kilkattalai

Kilkattalai village features a range of guideline values, with 194 streets under the Pallavaram SRO carrying a 2024 figure that ranges 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, placing Arunachalam Nagar 6th Street's 2024 figure above that median.

• Arunachalam Nagar 5th Street: Rs 3,300 per sq.ft (2024)
• Arunachalam Nagar 7th Street: Rs 3,300 per sq.ft (2024)
• Arunachalam Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Arunachalam Nagar 8th Street: Rs 3,300 per sq.ft (2024)
• Arunachalam Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Arunachalam Nagar 9th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Arunachalam Nagar 6th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arunachalam Nagar 6th Street?

The Sub Registrar Office that covers Arunachalam Nagar 6th 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 details.

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

The guideline value is a crucial factor when buying or selling property in Kilkattalai, as it determines the minimum value at which a property can be registered. It serves as a reference for calculating stamp duty and registration fees, ensuring that these costs are based on an official valuation rather than the sale price alone.

When engaging in property transactions, it is essential to be aware of the guideline value to avoid any discrepancies during registration. Buyers and sellers should ensure that they are informed about the current guideline value to facilitate a smooth transaction process.

Frequently asked questions

What is the current guideline value of Arunachalam Nagar 6th Street?

The current guideline value of Arunachalam Nagar 6th 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 significantly, from Rs 185 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 1684% over the years.

What are the stamp duty and registration fees for properties in this area?

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.

Which Sub Registrar Office is responsible for Arunachalam Nagar 6th Street?

The Pallavaram Sub Registrar Office is responsible for Arunachalam Nagar 6th Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the land classification of Arunachalam Nagar 6th Street?

The land classification of Arunachalam Nagar 6th Street is Mixed Type - II, which indicates the type of development and usage permitted in the area.