Guideline Value for Arundadhi Nagar

Arundadhi Nagar guideline value

The current guideline value of Arundadhi Nagar is Rs 6,100 per sq.ft, effective from 1 July 2024. This area falls under Mylapore Part 1 village and is classified as Residential Class III Type - I, governed by the Chennai Central Joint I SRO.

How the guideline value of Arundadhi Nagar has changed

The guideline value for Arundadhi Nagar has seen several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. However, in the 2023 revision, the guideline value was Rs 5,600 per sq.ft, and it increased to Rs 6,100 per sq.ft in the 2024 revision, marking a change of +9%.

Prior to the 2023 revision, there are no recorded figures for the street in the register for the years mentioned. The current value reflects a significant increase from the previous year.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 streets under the Chennai Central Joint I SRO, with 2024 guideline values ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, placing Arundadhi Nagar's 2024 figure below this median.

• Archbishop mathus Avenue: Rs 20,900 per sq.ft (2024)
• Appadurai Street: Rs 8,700 per sq.ft (2024)
• Austin Nagar 1st Street: Rs 12,100 per sq.ft (2024)
• Austin Nagar 2nd Street: Rs 12,100 per sq.ft (2024)
• Avvai Shanmugam Salai (Lloyds Road): Rs 13,200 per sq.ft (2024)
• Anna Salai (Nandanam to Jemini Membalam): Rs 20,900 per sq.ft (2024)

Stamp duty and registration fee for property in Arundadhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 6,100 per sq.ft, the total guideline value amounts to Rs 61,00,000. The stamp duty at 7% would be Rs 4,27,000, and the registration fee at 2% would be Rs 1,22,000, leading to a total cost of Rs 5,49,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Arundadhi Nagar?

The Sub Registrar Office that covers Arundadhi Nagar is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Mylapore Part 1

The guideline value plays a crucial role during the registration of property transactions in Mylapore Part 1. It is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the official valuation rather than the sale price.

Frequently asked questions

What is the current guideline value of Arundadhi Nagar?

The current guideline value of Arundadhi Nagar is Rs 6,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,600 per sq.ft in 2023 to Rs 6,100 per sq.ft in 2024, representing a +9% increase. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Arundadhi Nagar?

Arundadhi Nagar is classified as Residential Class III Type - I under the Chennai Central Joint I SRO.

Where can I find the Sub Registrar Office for Arundadhi Nagar?

The Sub Registrar Office for Arundadhi Nagar is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is stamp duty calculated for property in Arundadhi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 4,27,000.