Guideline Value for Arunagiriyar Street

Arunagiriyar Street guideline value

The current guideline value of Arunagiriyar Street in Maathoor village is Rs 500 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Special Type - III.

How the guideline value of Arunagiriyar Street has changed

In the 2012 revision, the guideline value for Arunagiriyar Street was set at Rs 500 per sq.ft. This value remained unchanged in the subsequent revisions of 2017 and 2023. However, during the 2017 revision, the value had previously decreased to Rs 335 per sq.ft from Rs 500 per sq.ft in 2012, marking a decline of 33%. From 2017 to 2023, the value increased by 49%, bringing it back to Rs 500 per sq.ft.

The most recent revision in 2024 has maintained the guideline value at Rs 500 per sq.ft, showing no change from the previous year. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Maathoor

In Maathoor village, there are 47 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 2,687 per sq.ft. The median value among these streets is Rs 500 per sq.ft, which is equal to the guideline value of Arunagiriyar Street.

• Avvaiyar Street: Rs 500 per sq.ft (2024)
• Bajani Kovil Street: Rs 500 per sq.ft (2024)
• Angu Nagar: Rs 250 per sq.ft (2024)
• Angallamman Kovil Street: Rs 505 per sq.ft (2024)
• Angallamman Kovil Main Road: Rs 505 per sq.ft (2024)
• Ambethkar Street: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Arunagiriyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arunagiriyar Street?

The Sub Registrar Office that covers Arunagiriyar Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Maathoor. It determines the minimum price at which a property can be registered, ensuring that the transaction is recorded at a fair value according to the local regulations.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs associated with the transaction. Buyers and sellers must be aware of the guideline value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Arunagiriyar Street?

The current guideline value of Arunagiriyar Street is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes: it was Rs 500 per sq.ft in 2012, decreased to Rs 335 per sq.ft in 2017, and then returned to Rs 500 per sq.ft in 2023 and 2024.

What is the land classification of Arunagiriyar Street?

Arunagiriyar Street is classified as Residential Special Type - III, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for Arunagiriyar Street?

The Sub Registrar Office for Arunagiriyar Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000, leading to specific fees based on that amount.