Guideline Value for Arundathipuram

Arundathipuram guideline value

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

How the guideline value of Arundathipuram has changed

The guideline value for Arundathipuram has seen significant changes over the years. In 2003, the value was Rs 833 per sq.ft, which increased to Rs 1,702 per sq.ft in 2007, marking a growth of 104%. The value then surged to Rs 4,000 per sq.ft in 2012, reflecting a remarkable increase of 135%. However, it dropped to Rs 2,680 per sq.ft in 2017, a decrease of 33%. The 2023 revision set the value at Rs 4,000 per sq.ft, and the latest revision in 2024 raised it to Rs 4,400 per sq.ft, an increase of 10%.

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

Guideline values in Issa Pallavaram

In Issa Pallavaram, there are 110 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value of Arundathipuram is above this median.

• Arundathipuram 1st Street: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to 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 and the sale price.

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

Which Sub Registrar Office covers Arundathipuram?

The Sub Registrar Office that covers Arundathipuram 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 benchmark for determining the minimum value at which a property can be registered. This ensures that the government receives appropriate revenue through stamp duty and registration fees based on the guideline value.

When a property is sold, the guideline value is compared to the actual sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that the transaction is fairly assessed according to the prevailing rates set by the registration department.

Frequently asked questions

What is the current guideline value of Arundathipuram?

The current guideline value of Arundathipuram 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 significantly, from Rs 833 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 428% over the years.

What is the land classification of Arundathipuram?

Arundathipuram falls under the Mixed Type - II land classification, which indicates a diverse usage of land in the area.

What are the stamp duty and registration fees for property in Arundathipuram?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 44,00,000, the total stamp duty and registration fees would amount to Rs 3,96,000.

Where can I find the Sub Registrar Office for Arundathipuram?

The Sub Registrar Office for Arundathipuram is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.