Guideline Value for Arunagiri Street (ward 5)

Arunagiri Street (ward 5) guideline value

The current guideline value of Arunagiri Street (ward 5) 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. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Arunagiri Street (ward 5) has changed

The guideline value for Arunagiri Street (ward 5) has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 1,005 per sq.ft. This increased to Rs 1,500 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 set the value at Rs 1,650 per sq.ft, reflecting a 10% rise from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

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, with a median value of Rs 2,200 per sq.ft. Arunagiri Street (ward 5) is below this median value.

• Arunagiri Street (ward 4): 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 5)

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, totaling Rs 1,48,500. Please note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arunagiri Street (ward 5)?

The Sub Registrar Office that covers Arunagiri Street (ward 5) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kolapakkam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This value helps ensure that the transaction is recorded accurately and fairly within the legal framework.

When selling property, the guideline value can influence the sale price, as it serves as a benchmark for both buyers and sellers. It is essential for all parties involved in the transaction to be aware of the current guideline values to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of Arunagiri Street (ward 5)?

The current guideline value of Arunagiri Street (ward 5) 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 increased from Rs 1,005 per sq.ft in 2017 to Rs 1,650 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the other streets in Kolapakkam with similar guideline values?

Other streets in Kolapakkam with a guideline value of Rs 1,650 per sq.ft in 2024 include Arunagiri Street (ward 4) and Anusha Nagar.

What is the stamp duty rate for property transactions in Arunagiri Street (ward 5)?

The stamp duty rate for property transactions in Arunagiri Street (ward 5) is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Arunagiri Street (ward 5)?

The Sub Registrar Office for Arunagiri Street (ward 5) is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.