Guideline Value for Arunchala Gramani 2nd Street

Arunchala Gramani 2nd Street guideline value

The current guideline value of Arunchala Gramani 2nd Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet SRO, and is classified as Residential Class III Type - I.

How the guideline value of Arunchala Gramani 2nd Street has changed

The guideline value for Arunchala Gramani 2nd Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,900 per sq.ft, an increase of 8% from Rs 3,600 per sq.ft in 2023. Prior to that, the value was Rs 2,412 per sq.ft in 2017, marking a significant increase of 49% over the six years. The 2012 revision also recorded a value of Rs 3,600 per sq.ft, which was a decrease of 33% from the previous figure in 2017.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO, with guideline values ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, placing Arunchala Gramani 2nd Street's 2024 figure below that median.

• Arunchala Gramani 1st Street: Rs 3,900 per sq.ft (2024)
• Arunchala Gramani 3rd Street: Rs 3,900 per sq.ft (2024)
• Arunnachala Gramani street: Rs 3,900 per sq.ft (2024)
• Arvamudan Garden Street: Rs 8,300 per sq.ft (2024)
• Arcuchala Gramani 4th Street: Rs 3,900 per sq.ft (2024)
• Aspiran Garden 1st cross street: Rs 13,400 per sq.ft (2024)

Stamp duty and registration fee for property in Arunchala Gramani 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Arunchala Gramani 2nd Street?

The Sub Registrar Office that covers Arunchala Gramani 2nd Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Egmore. It serves as a reference point for calculating the stamp duty and registration fees, ensuring that these costs are based on an established value rather than the sale price alone.

When registering a property, the guideline value is used to determine the applicable fees, which must be paid to complete the transaction legally. This helps maintain transparency and consistency in property transactions throughout the region.

Frequently asked questions

What is the current guideline value of Arunchala Gramani 2nd Street?

The current guideline value of Arunchala Gramani 2nd Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,412 per sq.ft in 2017 to Rs 3,900 per sq.ft in 2024, with notable revisions in 2023 and 2012 as well.

What is the land classification for Arunchala Gramani 2nd Street?

Arunchala Gramani 2nd Street is classified as Residential Class III Type - I.

Where is the Periamet Sub Registrar Office located?

The Periamet Sub Registrar Office is located at 1103, Poonamallee High Road, Chennai-600 003.

How is stamp duty calculated for properties in Egmore?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. The rates are typically 7% for stamp duty and 2% for the registration fee.