Guideline Value for Arunnachala Gramani street

Arunnachala Gramani street guideline value

The current guideline value of Arunnachala Gramani street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO, classified as Residential Class III Type - I.

How the guideline value of Arunnachala Gramani street has changed

The guideline value for Arunnachala Gramani street has seen several revisions over the years. In 2007, the value was Rs 1,200 per sq.ft, which increased significantly to Rs 3,600 per sq.ft in 2012, marking a 200% rise. However, from 2012 to 2017, the value decreased to Rs 2,412 per sq.ft, reflecting a decline of 33%. The value then rose again to Rs 3,600 per sq.ft in 2023, before reaching the current rate of Rs 3,900 per sq.ft in 2024, an increase of 8%.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 225%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft, with a median value of Rs 7,100 per sq.ft. The guideline value of Arunnachala Gramani street is below this median.

• Arunchala Gramani 3rd Street: Rs 3,900 per sq.ft (2024)
• Arunchala Gramani 2nd Street: Rs 3,900 per sq.ft (2024)
• Arunchala Gramani 1st Street: Rs 3,900 per sq.ft (2024)
• Arvamudan Garden Street: Rs 8,300 per sq.ft (2024)
• Arcuchala Gramani 4th Street: Rs 3,900 per sq.ft (2024)
• Aspiran Garden 1st cross street: Rs 13,400 per sq.ft (2024)

Stamp duty and registration fee for property in Arunnachala Gramani street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Arunnachala Gramani street?

The Sub Registrar Office that covers Arunnachala Gramani street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Egmore. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and standardization in property dealings.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are necessary for the legal transfer of property ownership. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Arunnachala Gramani street?

The current guideline value of Arunnachala Gramani street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 225%.

What was the guideline value in 2017?

The guideline value for Arunnachala Gramani street in 2017 was Rs 2,412 per sq.ft.

Are there other streets with the same guideline value?

Yes, several other streets in Egmore have the same guideline value of Rs 3,900 per sq.ft for 2024, including Arunchala Gramani 1st, 2nd, and 3rd Streets, as well as Arcuchala Gramani 4th Street.

Where can I find the registration office for this area?

The registration office for Arunnachala Gramani street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.