Guideline Value for Arunachalam Road (Main)

Arunachalam Road (Main) guideline value

The current guideline value of Arunachalam Road (Main) is Rs 7,690 per sq.ft, effective from 1 July 2024. This road is located in Saligramam village, under the Virugambakkam SRO, and is classified as Mixed Special Type - I.

How the guideline value of Arunachalam Road (Main) has changed

The guideline value for Arunachalam Road (Main) has seen significant changes over the years. In 2002, the guideline value was Rs 960 per sq.ft, which increased to Rs 1,049 per sq.ft in 2003. The value then rose to Rs 2,100 per sq.ft in 2007, marking a 100% increase from the previous revision. Following this, in 2012, the guideline value was Rs 7,000 per sq.ft, reflecting a substantial increase of 233% from 2007. However, it decreased by 33% to Rs 4,690 per sq.ft in 2017. The value then rose to Rs 7,000 per sq.ft in 2023, before reaching the current rate of Rs 7,690 per sq.ft in 2024, a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 701%. The register has no figures for the revisions in years other than those listed.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO with a 2024 guideline value ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, placing Arunachalam Road (Main) above this median.

• Arcot Road: Rs 13,200 per sq.ft (2024)
• A.V.M.Nagar: Rs 4,950 per sq.ft (2024)
• A.V.M Street: Rs 4,400 per sq.ft (2024)
• Anna Road: Rs 6,600 per sq.ft (2024)
• Bajanai Koil 1st Street: Rs 3,850 per sq.ft (2024)
• Bajanai Koil 2nd Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Arunachalam Road (Main)

For a 1,000 sq.ft plot at the current guideline value of Rs 7,690 per sq.ft, the total guideline value would be Rs 76,90,000. The stamp duty at 7% would amount to Rs 5,38,300, while the registration fee at 2% would be Rs 1,53,800. Together, the total cost for stamp duty and registration fees would be Rs 6,92,100. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Arunachalam Road (Main)?

The Sub Registrar Office that covers Arunachalam Road (Main) is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is an important factor when buying or selling property in Saligramam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers should be aware that the guideline value is used to calculate these fees, ensuring transparency in the registration process.

When a property is sold, the guideline value helps in establishing a fair price for the transaction. It ensures that both buyers and sellers are aware of the minimum value recognized by the government for property transactions, thereby facilitating smoother dealings.

Frequently asked questions

What is the current guideline value of Arunachalam Road (Main)?

The current guideline value of Arunachalam Road (Main) is Rs 7,690 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 960 per sq.ft in 2002 to Rs 7,690 per sq.ft in 2024, reflecting an overall increase of 701% over this period.

What is the land classification of Arunachalam Road (Main)?

Arunachalam Road (Main) is classified as Mixed Special Type - I, which indicates its diverse usage for residential and commercial purposes.

Where is the Virugambakkam Sub Registrar Office located?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 76,90,000, the total fees would amount to Rs 6,92,100.