Guideline Value

Corporate

Guideline Value for Arunachalam Nagar

₹440/sq.ft.

The guideline value for Arunachalam Nagar in Sothupakkam village (Redhills SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sothupakkam

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Arunachalam Nagar

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Arunachalam Nagar guideline value

The current guideline value of Arunachalam Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Sothupakkam village and falls under the Redhills SRO. The land classification for this locality is Residential Class II Type - I.

How the guideline value of Arunachalam Nagar has changed

The guideline value for Arunachalam Nagar has seen several revisions over the years. In 2007, the value was set at Rs 300 per sq.ft. This increased to Rs 400 per sq.ft in 2012, representing a 33% rise. However, it dropped to Rs 268 per sq.ft in 2017, a decrease of 33%. The value then rose significantly to Rs 400 per sq.ft in 2023, marking a 49% increase from the previous revision. The current guideline value is Rs 440 per sq.ft as of the 2024 revision, reflecting a 10% increase from the 2023 figure.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 47%.

Guideline values in Sothupakkam

In Sothupakkam, there are 49 streets under the Redhills SRO with a guideline value range from Rs 330 to Rs 1,150 per sq.ft. The median guideline value for these streets is Rs 440 per sq.ft, making Arunachalam Nagar's 2024 figure equal to this median.

Stamp duty and registration fee for property in Arunachalam Nagar

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, while the registration fee at 2% would be Rs 8,800. Together, the total cost for these fees would be Rs 39,600. 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 covering Arunachalam Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Sothupakkam. It is used to determine the stamp duty and registration fees that need to be paid at the time of purchase or sale of a property.

When a buyer or seller approaches the registration office, the guideline value is assessed to ensure that the transaction complies with the legal requirements. This value helps in standardizing property prices and ensuring transparency in property dealings.

Frequently asked questions

What is the current guideline value of Arunachalam Nagar?

The current guideline value of Arunachalam Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, reflecting an overall increase of 47% over the years.

What is the registration office for Arunachalam Nagar?

The registration office for Arunachalam Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What are the stamp duty rates applicable in Arunachalam Nagar?

The stamp duty rate applicable in Arunachalam Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

How is the guideline value determined for properties in Sothupakkam?

The guideline value for properties in Sothupakkam is determined based on various factors, and it is set by the Registration Department's guideline value register. It helps in standardizing property prices in the area.