Guideline Value for Arunagiri Street (ward 4)

Arunagiri Street (ward 4) guideline value

The current guideline value of Arunagiri Street (ward 4) is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Kolapakkam village and falls under the Pammal SRO, classified as Residential Class IV Type - I.

How the guideline value of Arunagiri Street (ward 4) has changed

The guideline value for Arunagiri Street (ward 4) has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 1,650 per sq.ft, an increase from Rs 1,500 per sq.ft in 2023, marking a change of +10%. Prior to that, the 2017 revision recorded a value of Rs 1,005 per sq.ft, leading to a significant increase of +49% from 2017 to 2023. The overall change from 2017 to 2024 is +64%.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for Arunagiri Street (ward 4).

Guideline values in Kolapakkam

In Kolapakkam, there are 111 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 6,850 per sq.ft. The median guideline value in this village is Rs 2,200 per sq.ft, placing Arunagiri Street (ward 4) below that median.

• Arunagiri Street (ward 5): Rs 1,650 per sq.ft (2024)
• Anusha Nagar: Rs 1,650 per sq.ft (2024)
• Anna Street (ward 9): Rs 2,750 per sq.ft (2024)
• Anna Street (ward 8): Rs 2,750 per sq.ft (2024)
• Anna Street (ward 7): Rs 2,750 per sq.ft (2024)
• Anna Street (ward 3): Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Arunagiri Street (ward 4)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost for these fees to Rs 1,48,500. It is essential to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Arunagiri Street (ward 4)?

The Sub Registrar Office that covers Arunagiri Street (ward 4) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Kolapakkam

The guideline value plays a crucial role during the registration process of property transactions in Kolapakkam. It serves as a benchmark for determining the minimum sale price of a property, ensuring that the property is registered at a value that reflects its market worth according to government standards.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Arunagiri Street (ward 4)?

The current guideline value of Arunagiri Street (ward 4) is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,005 per sq.ft in 2017 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of +64% over this period.

What is the median guideline value in Kolapakkam?

The median guideline value in Kolapakkam is Rs 2,200 per sq.ft, which means that Arunagiri Street (ward 4) is below this median value.

What are the stamp duty and registration fees for property in Arunagiri Street (ward 4)?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,48,500.

Which Sub Registrar Office should I visit for transactions in Arunagiri Street (ward 4)?

The Pammal Sub Registrar Office covers Arunagiri Street (ward 4) and is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.