Guideline Value for Arundathipuram 1st Street

Arundathipuram 1st Street guideline value

The current guideline value of Arundathipuram 1st Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Issa Pallavaram village, under the Pallavaram SRO, and is classified as Mixed Type - II land.

How the guideline value of Arundathipuram 1st Street has changed

The guideline value for Arundathipuram 1st Street has seen several revisions over the years. In 2003, the value was Rs 833 per sq.ft, which increased to Rs 1,702 per sq.ft in 2007. The value then rose significantly to Rs 4,000 per sq.ft in 2012, before dropping to Rs 2,680 per sq.ft in 2017. The most recent revisions show an increase to Rs 4,000 per sq.ft in 2023, followed by the current value of Rs 4,400 per sq.ft in 2024.

Between the revisions, there have been notable changes. From 2003 to 2007, the value increased by 104%, followed by a 135% rise from 2007 to 2012. However, from 2012 to 2017, there was a decrease of 33%. The value then surged by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by 428%. It is important to note that the register has no figure for this street in 2002.

Guideline values in Issa Pallavaram

In Issa Pallavaram, there are 110 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing Arundathipuram 1st Street's 2024 figure above that median.

• Arundathipuram: Rs 4,400 per sq.ft (2024)
• Arundathipuram 2nd Street: Rs 4,400 per sq.ft (2024)
• Arunthathipuram 3rd St: Rs 4,400 per sq.ft (2024)
• Asan Basha Street: Rs 3,850 per sq.ft (2024)
• Arasamaram Street: Rs 3,850 per sq.ft (2024)
• Annaswamy Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Arundathipuram 1st Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arundathipuram 1st Street?

The Sub Registrar Office that covers Arundathipuram 1st Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Issa Pallavaram. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When you register a property, the guideline value is considered to ensure that the transaction is accurately recorded. Buyers and sellers should be aware that the duty is charged on the higher of the guideline value or the sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Arundathipuram 1st Street?

The current guideline value of Arundathipuram 1st Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 833 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 428% over this period.

What is the land classification of Arundathipuram 1st Street?

Arundathipuram 1st Street is classified as Mixed Type - II land.

Where can I find the Sub Registrar Office for Arundathipuram 1st Street?

The Sub Registrar Office for Arundathipuram 1st Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What are the stamp duty and registration fees for a property in Arundathipuram 1st Street?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.