Guideline Value for Arunachalam koil Street(sivan koil st.)

Arunachalam koil Street(sivan koil st.) guideline value

The current guideline value of Arunachalam koil Street(sivan koil st.) is Rs 2,160 per sq.ft, effective from 1 July 2024. This street is located in Kilkattalai village, under the Pallavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Arunachalam koil Street(sivan koil st.) has changed

The guideline value for Arunachalam koil Street(sivan koil st.) has seen several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a 400% rise. However, it then decreased to Rs 1,340 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 2,000 per sq.ft in 2023, followed by the current value of Rs 2,160 per sq.ft in 2024, reflecting an 8% increase.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 440%. It is important to note that the register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Kilkattalai

In Kilkattalai, there are 194 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,530 per sq.ft, placing Arunachalam koil Street(sivan koil st.) below the median.

• Arunachalam Nagar: Rs 3,300 per sq.ft (2024)
• Arunachalam Nagar 10th Street: Rs 2,200 per sq.ft (2024)
• Arunachalam Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• Arunachalam Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Arunachalam Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Arunachalam Nagar 4th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Arunachalam koil Street(sivan koil st.)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,160 per sq.ft, the total guideline value amounts to Rs 21,60,000. The stamp duty at 7% would be Rs 1,51,200, and the registration fee at 2% would be Rs 43,200, bringing the total fees to Rs 1,94,400. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Arunachalam koil Street(sivan koil st.)?

The Sub Registrar Office that covers Arunachalam koil Street(sivan koil st.) is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the 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 when registering property in Kilkattalai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and legally, reflecting the value of the property based on the latest revisions from the Registration Department.

Frequently asked questions

What is the current guideline value of Arunachalam koil Street(sivan koil st.)?

The current guideline value of Arunachalam koil Street(sivan koil st.) is Rs 2,160 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 400 per sq.ft in 2007 to Rs 2,160 per sq.ft in 2024, marking an overall increase of 440% over the years.

What is the land classification of Arunachalam koil Street(sivan koil st.)?

Arunachalam koil Street(sivan koil st.) is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Arunachalam koil Street(sivan koil st.) is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 21,60,000 would incur a stamp duty of Rs 1,51,200 at the current rate of 7%.