Guideline Value for Arunagirinathar Street

Arunagirinathar Street guideline value

The current guideline value of Arunagirinathar Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village under the Selaiyur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Arunagirinathar Street has changed

Over the years, the guideline value of Arunagirinathar Street has seen significant changes. The 2007 revision set the value at Rs 250 per sq.ft, which increased dramatically to Rs 1,500 per sq.ft in the 2012 revision, marking a 500% rise. However, in 2017, the value decreased to Rs 1,005 per sq.ft, a drop of 33%. The 2023 revision raised it to Rs 1,500 per sq.ft, and the most recent 2024 revision has further increased it to Rs 1,600 per sq.ft, reflecting a 7% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for Arunagirinathar Street. Overall, from 2007 to 2024, the guideline value has increased by 540%.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 850 to Rs 6,700 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Arunagirinathar Street is below this median.

• Ayya Nagar: Rs 2,700 per sq.ft (2024)
• Ayya Nagar Adhisankarar Street: Rs 2,700 per sq.ft (2024)
• Ayya Nagar Amman Street: Rs 2,700 per sq.ft (2024)
• Ayya Nagar SaiBaba Street: Rs 2,700 per sq.ft (2024)
• Anna Street Extn: Rs 1,600 per sq.ft (2024)
• Anna Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Arunagirinathar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. 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 Arunagirinathar Street?

The Sub Registrar Office covering Arunagirinathar Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Chembakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling a property, the guideline value serves as a reference point for the transaction. The registration process requires that the sale price or the guideline value, whichever is higher, is used to calculate the applicable fees.

Frequently asked questions

What is the current guideline value of Arunagirinathar Street?

The current guideline value of Arunagirinathar Street is Rs 1,600 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 250 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, marking an overall increase of 540%.

What is the median guideline value in Chembakkam?

The median guideline value in Chembakkam is Rs 2,200 per sq.ft, while Arunagirinathar Street's value is below this median.

What are the stamp duty and registration fees for properties in Arunagirinathar Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 16,00,000, the total fees would amount to Rs 1,44,000.

Which office handles the registration for Arunagirinathar Street?

The Selaiyur Sub Registrar Office handles the registration for Arunagirinathar Street, located in East Tambaram, Chennai.