Guideline Value for Arunachaleeswarar Farm land

Arunachaleeswarar Farm land guideline value

The current guideline value of Arunachaleeswarar Farm land is Rs 400 per sq.ft, effective from 1 July 2024. This land is located in Ammanambakkam village under the Gooduvancheri SRO and is classified as Residential Class I Type - I.

How the guideline value of Arunachaleeswarar Farm land has changed

Over the years, the guideline value for Arunachaleeswarar Farm land has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 175 per sq.ft. This increased to Rs 400 per sq.ft in 2012. However, by 2017, the value dropped to Rs 268 per sq.ft. The most recent revisions show that the value remained at Rs 400 per sq.ft in both 2023 and 2024.

From 2017 to 2023, there was a significant increase of 49%. The overall change from 2007 to 2024 reflects a 129% increase. It is important to note that the register has no figures for this street in the years 2002 and 2003.

Guideline values in Ammanambakkam

In Ammanambakkam, there are 15 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 500 per sq.ft. The median value for these streets is Rs 500 per sq.ft, placing Arunachaleeswarar Farm land below this median.

• Babu Nagar: Rs 400 per sq.ft (2024)
• Annai Abirami Nagar: Rs 500 per sq.ft (2024)
• Alamelu Mangapuram: Rs 400 per sq.ft (2024)
• David Nagar (Phase-1): Rs 500 per sq.ft (2024)
• David Nagar (Phase-1) Extn: Rs 500 per sq.ft (2024)
• David Nagar (Phase-2): Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Arunachaleeswarar Farm land

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arunachaleeswarar Farm land?

The Sub Registrar Office that covers Arunachaleeswarar Farm land is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Ammanambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered. Buyers and sellers must be aware of the guideline value to ensure compliance with registration requirements.

During the registration process, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the transaction is recorded at a value that reflects the current market conditions as determined by the local authority.

Frequently asked questions

What is the current guideline value of Arunachaleeswarar Farm land?

The current guideline value of Arunachaleeswarar Farm land is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 175 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, then decreased to Rs 268 per sq.ft in 2017. It has remained at Rs 400 per sq.ft in both 2023 and 2024.

What is the land classification of Arunachaleeswarar Farm land?

Arunachaleeswarar Farm land is classified as Residential Class I Type - I.

Where can I find the registration office for Arunachaleeswarar Farm land?

The registration office for Arunachaleeswarar Farm land is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a plot of 1,000 sq.ft at the guideline value of Rs 400 per sq.ft, the stamp duty would be Rs 28,000.