Guideline Value for Arunachalam Nagar Main Road

Arunachalam Nagar Main Road guideline value

The current guideline value of Arunachalam Nagar Main Road is Rs 4,125 per sq.ft, effective from 1 July 2024. This road is located in Kilkattalai village under the Pallavaram SRO, and the land classification is Mixed Type - I.

How the guideline value of Arunachalam Nagar Main Road has changed

The guideline value for Arunachalam Nagar Main Road has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 219 per sq.ft. This increased significantly to Rs 400 per sq.ft in 2007, marking an increase of 83%. The value then surged to Rs 3,750 per sq.ft in 2012, reflecting an impressive increase of 838%. However, in the 2017 revision, the value decreased to Rs 2,512 per sq.ft, a decline of 33%. The 2023 revision saw the value rise to Rs 3,750 per sq.ft, and the most recent revision in 2024 has set the value at Rs 4,125 per sq.ft, an increase of 10% from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1,784%. Notably, there is no figure available for this street in the 2002 revision.

Guideline values in Kilkattalai

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

• Arunachalam Nagar 9th Street: Rs 3,300 per sq.ft (2024)
• Arunachalam Nagar 8th Street: Rs 3,300 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 Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,125 per sq.ft, the total guideline value amounts to Rs 41,25,000. The stamp duty at 7% would be Rs 2,88,750, while the registration fee at 2% would be Rs 82,500. The total cost for stamp duty and registration fee together would be Rs 3,71,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arunachalam Nagar Main Road?

The Sub Registrar Office that covers Arunachalam Nagar Main Road 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 in the registration process when buying or selling property in Kilkattalai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher value is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Arunachalam Nagar Main Road?

The current guideline value of Arunachalam Nagar Main Road is Rs 4,125 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 219 per sq.ft in 2003 to Rs 4,125 per sq.ft in 2024, marking an overall increase of 1,784% over this period.

What are the stamp duty and registration fees for property in Arunachalam Nagar Main Road?

For a 1,000 sq.ft plot, the total guideline value is Rs 41,25,000. The stamp duty at 7% is Rs 2,88,750, and the registration fee at 2% is Rs 82,500, totaling Rs 3,71,250 for both fees.

Which Sub Registrar Office covers this area?

The Pallavaram Sub Registrar Office covers Arunachalam Nagar Main Road, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

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, with Arunachalam Nagar Main Road's value being above this median.