Guideline Value for Arunachalam Nagar 9th Street

Arunachalam Nagar 9th Street guideline value

The current guideline value of Arunachalam Nagar 9th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kilkattalai village, under the Pallavaram SRO, and is classified as Mixed Type - II land.

How the guideline value of Arunachalam Nagar 9th Street has changed

The guideline value for Arunachalam Nagar 9th Street has undergone several revisions over the years. In 2003, the guideline value was Rs 185 per sq.ft. This increased significantly to Rs 400 per sq.ft in 2007, marking a rise of 116%. The value then saw a substantial jump 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, which was a decline of 33%. The value rose again to Rs 3,000 per sq.ft in 2023, and in the latest revision for 2024, it has reached Rs 3,300 per sq.ft, an increase of 10% from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1,684%. It is important to note that the register does not have a figure for Arunachalam Nagar 9th Street for the year 2002.

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 for these streets is Rs 2,530 per sq.ft, placing Arunachalam Nagar 9th Street's 2024 value above this median.

• Arunachalam Nagar 8th Street: Rs 3,300 per sq.ft (2024)
• Arunachalam Nagar Main Road: Rs 4,125 per sq.ft (2024)
• Arunachalam Nagar 7th Street: Rs 3,300 per sq.ft (2024)
• Arunachalam Nagar 6th Street: Rs 3,300 per sq.ft (2024)
• Arunachalam Nagar 5th Street: Rs 3,300 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 9th 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, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to 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 our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Arunachalam Nagar 9th Street?

The Sub Registrar Office that covers Arunachalam Nagar 9th 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kilkattalai. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. The fees are calculated based on the higher of the guideline value or the sale price of the property.

Understanding the guideline value is essential for buyers and sellers alike, as it ensures compliance with local regulations and helps in accurately assessing the financial obligations involved in a property transaction.

Frequently asked questions

What is the current guideline value of Arunachalam Nagar 9th Street?

The current guideline value of Arunachalam Nagar 9th 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 increased from Rs 185 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 1,684% over this period.

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

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 33,00,000, with stamp duty at Rs 2,31,000 and registration fees at Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for Arunachalam Nagar 9th Street?

The Pallavaram Sub Registrar Office handles registrations for Arunachalam Nagar 9th Street, located at 7th Main Road, New Colony, Chromepet, Chennai-600044.

What is the significance of the guideline value when buying property?

The guideline value is significant as it determines the stamp duty and registration fees payable during a property transaction, ensuring compliance with local regulations.