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 is located in Mylapore Part 2 village and falls under the Chennai Central Joint I SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Arundadhi Nagar has changed

The guideline value for Arundadhi Nagar has undergone several revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was set at Rs 5,600 per sq.ft, which increased to Rs 6,100 per sq.ft in the 2024 revision, marking a change of +9%.

In the most recent revision, the guideline value reflects an increase from the previous year. The 2024 figure of Rs 6,100 per sq.ft is a notable rise from the 2023 value of Rs 5,600 per sq.ft, demonstrating a shift in the valuation for this residential area.

Guideline values in Mylapore Part 2

Mylapore Part 2 includes 332 streets under the Chennai Central Joint I SRO, with guideline values ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median guideline value for this village is Rs 8,800 per sq.ft, which indicates that the current value for Arundadhi Nagar is 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, bringing the total charges to Rs 5,49,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, 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 information.

How the guideline value is used when you buy or sell in Mylapore Part 2

The guideline value is a critical factor in property transactions in Mylapore Part 2, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it can influence the overall transaction costs.

During the registration process, the guideline value is used to calculate the applicable stamp duty and registration fees, which are mandatory expenses for property transactions. This ensures that all transactions are documented and taxed appropriately according to the established values.

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, reflecting an increase of +9%. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Mylapore Part 2?

The median guideline value in Mylapore Part 2 is Rs 8,800 per sq.ft. The guideline value for Arundadhi Nagar is below this median.

What are the stamp duty and registration fees for properties in Arundadhi Nagar?

For a property valued at Rs 61,00,000, the stamp duty would be Rs 4,27,000 and the registration fee would be Rs 1,22,000, totaling Rs 5,49,000. Duty is charged on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Arundadhi Nagar located?

The Sub Registrar Office for Arundadhi Nagar is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. This office handles all registrations for the area.