Guideline Value for Arunachalam Road

Arunachalam Road guideline value

The current guideline value of Arunachalam Road is Rs 11,000 per sq.ft, effective from 1 July 2024. This road is located in Adayar village and falls under the Adayar SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Arunachalam Road has changed

The guideline value for Arunachalam Road has seen several revisions over the years. The 2007 revision set the value at Rs 4,250 per sq.ft, which increased to Rs 10,000 per sq.ft in 2012, marking a significant rise of 135%. However, the value then decreased to Rs 6,700 per sq.ft in 2017, a drop of 33%. The 2023 revision raised the guideline value to Rs 10,000 per sq.ft, and the latest 2024 revision has increased it further to Rs 11,000 per sq.ft, reflecting a 10% increase.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has risen by 159%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Adayar

Adayar village has 92 streets under the Adayar SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median value is Rs 6,100 per sq.ft, placing Arunachalam Road's 2024 figure above this median.

• Arunachalam Lane: Rs 9,400 per sq.ft (2024)
• Arulalamman Pettai Street: Rs 3,300 per sq.ft (2024)
• Avvai Colony: Rs 3,300 per sq.ft (2024)
• Anna Salai Lane: Rs 10,500 per sq.ft (2024)
• Anna Salai: Rs 15,400 per sq.ft (2024)
• Anchaneyar Kovil Street: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Arunachalam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value would be Rs 1,10,00,000. The stamp duty at 7% would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, bringing the total charges to Rs 9,90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arunachalam Road?

The Sub Registrar Office that covers Arunachalam Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Adayar. 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 registered, the guideline value is used to calculate the applicable charges, ensuring that the transaction is documented accurately according to the prevailing rates set by the Registration Department.

Frequently asked questions

What is the current guideline value of Arunachalam Road?

The current guideline value of Arunachalam Road is Rs 11,000 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 4,250 per sq.ft in 2007 to Rs 11,000 per sq.ft in 2024, marking an overall increase of 159%.

What is the land classification for Arunachalam Road?

The land classification for Arunachalam Road is Commercial Class I Type - II.

Where can I find the Adayar Sub Registrar Office?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the stamp duty calculated for properties in Arunachalam Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 1,10,00,000 would incur a stamp duty of Rs 7,70,000 at 7%.