Guideline Value for Arvamudan Garden Street

Arvamudan Garden Street guideline value

The current guideline value of Arvamudan Garden Street is Rs 8,300 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet Sub Registrar Office (SRO). It falls under the Residential Class I Type - III land classification.

How the guideline value of Arvamudan Garden Street has changed

The guideline value for Arvamudan Garden Street has seen several revisions over the years. In the 2007 revision, the value was set at Rs 1,500 per sq.ft, which increased significantly to Rs 7,600 per sq.ft in 2012, marking a remarkable rise of 407%. However, from 2012 to 2017, the value decreased to Rs 5,092 per sq.ft, reflecting a decline of 33%. The value then rose to Rs 7,600 per sq.ft in the 2023 revision, a 49% increase from the previous figure. The most recent revision in 2024 saw the guideline value increase to Rs 8,300 per sq.ft, a 9% rise from 2023.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 453%.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO, with guideline values ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median guideline value is Rs 7,100 per sq.ft, placing Arvamudan Garden Street's 2024 figure above this median.

• Arunnachala Gramani street: Rs 3,900 per sq.ft (2024)
• 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)
• Aspiran Garden 1st cross street: Rs 13,400 per sq.ft (2024)
• Aspiran Garden 1st street: Rs 13,400 per sq.ft (2024)

Stamp duty and registration fee for property in Arvamudan Garden Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,300 per sq.ft, the total guideline value amounts to Rs 83,00,000. The stamp duty at 7% would be Rs 5,81,000, and the registration fee at 2% would be Rs 1,66,000, bringing the total to Rs 7,47,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arvamudan Garden Street?

The Sub Registrar Office that covers Arvamudan Garden Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

When buying or selling property in Egmore, the guideline value is a crucial factor as it determines the stamp duty and registration fees applicable to the transaction. The guideline value serves as a benchmark for the minimum value at which the property can be registered.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during the property registration process.

Frequently asked questions

What is the current guideline value of Arvamudan Garden Street?

The current guideline value of Arvamudan Garden Street is Rs 8,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2007 to Rs 8,300 per sq.ft in 2024, reflecting an overall increase of 453% over the years.

What is the land classification of Arvamudan Garden Street?

Arvamudan Garden Street is classified under Residential Class I Type - III land classification.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Arvamudan Garden Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is the stamp duty calculated for property transactions?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 83,00,000, the stamp duty would be Rs 5,81,000 at a rate of 7%.