Guideline Value for Arundathipuram 2nd Street

Arundathipuram 2nd Street guideline value

The current guideline value of Arundathipuram 2nd 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 2nd Street has changed

The guideline value of Arundathipuram 2nd Street has seen several revisions over the years. In 2003, the value was Rs 833 per sq.ft, which increased to Rs 900 per sq.ft in 2007. Following this, the value surged to Rs 4,000 per sq.ft in 2012, but then dropped to Rs 2,680 per sq.ft in 2017. The 2023 revision set the value at Rs 4,000 per sq.ft, and the latest revision in 2024 has increased it to Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 428%. Notably, there is no figure available for the year 2002 in the register for this street.

Guideline values in Issa Pallavaram

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

• Arundathipuram 1st Street: Rs 4,400 per sq.ft (2024)
• Arundathipuram: 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 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total 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, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Arundathipuram 2nd Street?

The Sub Registrar Office that covers Arundathipuram 2nd Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, 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 in the registration process when buying or selling property in Issa Pallavaram. It serves as a basis for calculating the stamp duty and registration fees, which are mandatory at the time of property registration.

Frequently asked questions

What is the current guideline value of Arundathipuram 2nd Street?

The current guideline value of Arundathipuram 2nd 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, marking a significant increase over the years.

What is the registration office for Arundathipuram 2nd Street?

The registration office for Arundathipuram 2nd Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties in Arundathipuram 2nd Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at a rate of 7%.

What other streets have similar guideline values in Issa Pallavaram?

Other streets in Issa Pallavaram with similar guideline values include Arundathipuram 1st Street, Arundathipuram, and Arunthathipuram 3rd St, all at Rs 4,400 per sq.ft as of 2024.