Guideline Value for Arunachalam Nagar

Arunachalam Nagar guideline value

The current guideline value of Arunachalam Nagar is Rs 1,815 per sq.ft, effective from 1 July 2024. This locality is situated in Chennerkuppam village, under the jurisdiction of the Kunrathur SRO. The land classification for this area is Mixed Special Type - I.

How the guideline value of Arunachalam Nagar has changed

The guideline value for Arunachalam Nagar has undergone several revisions over the years. The earliest recorded revision was in 2007, where the guideline value was Rs 450 per sq.ft. This figure increased significantly to Rs 1,105 per sq.ft in 2017, marking a change of 146%. In 2023, the value further rose to Rs 1,650 per sq.ft, reflecting a 49% increase from the previous revision. The most recent revision in 2024 set the guideline value at Rs 1,815 per sq.ft, which is a 10% increase from 2023.

There are no figures available for the years 2002, 2003, and 2012 for this street. Overall, from 2007 to 2024, the guideline value has increased by 303%.

Guideline values in Chennerkuppam

In Chennerkuppam, there are a total of 74 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 6,895 per sq.ft. The median guideline value for the area is Rs 1,540 per sq.ft, placing Arunachalam Nagar's 2024 figure above this median.

• Ashtalakshmi Avenue Phase IV: Rs 4,105 per sq.ft (2024)
• Astalakshmi Avenue phase 1, 2, 3: Rs 1,540 per sq.ft (2024)
• Audco Nagar & phase 1 & phase 2: Rs 1,540 per sq.ft (2024)
• Avadi Road: Rs 4,620 per sq.ft (2024)
• Ayaan City: Rs 1,430 per sq.ft (2024)
• Ayaan City Phase-2: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Arunachalam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,815 per sq.ft, the total guideline value amounts to Rs 18,15,000. The stamp duty at 7% would be Rs 1,27,050, and the registration fee at 2% would be Rs 36,300, bringing the total to Rs 1,63,350. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arunachalam Nagar?

The Sub Registrar Office that covers Arunachalam Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Chennerkuppam. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the current guideline value as it impacts the overall cost of the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Arunachalam Nagar?

The current guideline value of Arunachalam Nagar is Rs 1,815 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 450 per sq.ft to Rs 1,815 per sq.ft in 2024, reflecting an overall increase of 303%.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 18,15,000. The stamp duty is Rs 1,27,050 and the registration fee is Rs 36,300, totaling Rs 1,63,350.

Which Sub Registrar Office covers Arunachalam Nagar?

The Kunrathur Sub Registrar Office covers Arunachalam Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification of Arunachalam Nagar?

The land classification for Arunachalam Nagar is Mixed Special Type - I, indicating its diverse usage potential.