Guideline Value for Arunagirinathar Street

Arunagirinathar Street guideline value

The current guideline value of Arunagirinathar Street is Rs 2,970 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village and falls under the Padappai SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Arunagirinathar Street has changed

The guideline value for Arunagirinathar Street has seen significant changes over the years. In the 2007 revision, the value was Rs 250 per sq.ft. This figure rose dramatically to Rs 2,700 per sq.ft in the 2012 revision, marking an increase of 980%. However, in the 2017 revision, the value decreased to Rs 1,809 per sq.ft, reflecting a drop of 33%. The guideline value then increased to Rs 2,700 per sq.ft in the 2023 revision, which was a 49% increase. Currently, the 2024 revision sets the value at Rs 2,970 per sq.ft, showing a 10% rise from the previous year.

The register has no figures for Arunagirinathar Street for the years 2002 and 2003. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 1,088%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,310 per sq.ft, placing Arunagirinathar Street's 2024 figure above that median.

• Arunachala Nagar: Rs 1,650 per sq.ft (2024)
• Ashtalaxmi Nagar: Rs 1,980 per sq.ft (2024)
• Appar Street Extension: Rs 2,310 per sq.ft (2024)
• Appar Street: Rs 2,310 per sq.ft (2024)
• Anvar Street: Rs 1,650 per sq.ft (2024)
• Avvai Street: Rs 1,980 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 2,970 per sq.ft, the total guideline value would be Rs 29,70,000. The stamp duty at 7% would be Rs 2,07,900, and the registration fee at 2% would be Rs 59,400, bringing the total fees together to Rs 2,67,300. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Arunagirinathar Street?

The Sub Registrar Office that covers Arunagirinathar Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Perungalathur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This ensures that the transaction is recorded accurately in accordance with the prevailing regulations.

Additionally, the guideline value helps in establishing a baseline for property transactions, ensuring that all parties involved are aware of the minimum value at which the property can be registered. This transparency aids in preventing disputes and ensures a smoother transaction process.

Frequently asked questions

What is the current guideline value of Arunagirinathar Street?

The current guideline value of Arunagirinathar Street is Rs 2,970 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 2,970 per sq.ft in 2024, marking an overall increase of 1,088%.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 29,70,000. The stamp duty would be Rs 2,07,900, and the registration fee would be Rs 59,400, totaling Rs 2,67,300.

Which Sub Registrar Office covers Arunagirinathar Street?

The Padappai Sub Registrar Office covers Arunagirinathar Street, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the land classification of Arunagirinathar Street?

Arunagirinathar Street is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.