Guideline Value for Arvind Nagar 4th Street

Arvind Nagar 4th Street guideline value

The current guideline value of Arvind Nagar 4th Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village under the Selaiyur SRO, classified as Commercial Class I Type - I.

How the guideline value of Arvind Nagar 4th Street has changed

Over the years, the guideline value of Arvind Nagar 4th Street has seen several revisions. The earliest available revision is from 2012, where the guideline value was Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in 2017, before increasing again to Rs 2,500 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007.

The changes between revisions show a significant increase from 2017 to 2023 at 49%, and a smaller increase of 10% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for the village is Rs 2,400 per sq.ft, placing Arvind Nagar 4th Street’s 2024 value above this median.

• Arvind Nagar 3rd Street: Rs 2,750 per sq.ft (2024)
• Arvind Nagar 5th Street: Rs 2,750 per sq.ft (2024)
• Arvind Nagar 2nd Street: Rs 2,750 per sq.ft (2024)
• Arvind Nagar Main Road: Rs 2,750 per sq.ft (2024)
• Arvind Nagar 2nd Cross Street: Rs 2,750 per sq.ft (2024)
• Arvind Nagar 1st Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Arvind Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees together to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Arvind Nagar 4th Street?

The Sub Registrar Office that covers Arvind Nagar 4th Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Madambakkam

The guideline value is an essential factor in the registration process for property transactions in Madambakkam. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Arvind Nagar 4th Street?

The current guideline value of Arvind Nagar 4th Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the land classification of Arvind Nagar 4th Street?

Arvind Nagar 4th Street is classified as Commercial Class I Type - I.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for this street located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.