Guideline Value for High Road towards Puduvoyal { Upto Ananda Theatre }

High Road towards Puduvoyal { Upto Ananda Theatre } guideline value

The current guideline value for High Road towards Puduvoyal { Upto Ananda Theatre } is Rs 400 per sq.ft, effective from 1 July 2024. This property is located in Arani village, under the Arani_Tiruvallur SRO, and is classified as Residential Class II Type - I.

How the guideline value of High Road towards Puduvoyal { Upto Ananda Theatre } has changed

Starting from the earliest revision, the guideline value for this street has seen several changes. In 2003, the guideline value was Rs 112 per sq.ft, which increased to Rs 200 per sq.ft in 2007. This was followed by a significant jump to Rs 400 per sq.ft in 2012, marking a 100% increase. However, it dropped to Rs 268 per sq.ft in 2017, a decrease of 33%. The value then rose again to Rs 400 per sq.ft in the 2023 revision, and it has remained the same in the 2024 revision, showing no change from the previous year.

Overall, from 2003 to 2024, the guideline value for High Road towards Puduvoyal { Upto Ananda Theatre } has increased by 257%. It is important to note that there is no figure available for this street in the 2002 revision.

Guideline values in Arani

In Arani, there are 51 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 600 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value for High Road towards Puduvoyal { Upto Ananda Theatre } is above this median.

• Hariprasad Nagar: Rs 300 per sq.ft (2024)
• Green Garden: Rs 200 per sq.ft (2024)
• Irukkam Veethi: Rs 400 per sq.ft (2024)
• Gokulam Avenue: Rs 335 per sq.ft (2024)
• Gattu Street: Rs 300 per sq.ft (2024)
• Gattu Namasivayam Street: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in High Road towards Puduvoyal { Upto Ananda Theatre }

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. It is essential to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers High Road towards Puduvoyal { Upto Ananda Theatre }?

The Sub Registrar Office that covers High Road towards Puduvoyal { Upto Ananda Theatre } is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Arani. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable duties. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value for High Road towards Puduvoyal { Upto Ananda Theatre }?

The current guideline value for High Road towards Puduvoyal { Upto Ananda Theatre } is Rs 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 112 per sq.ft in 2003 to Rs 400 per sq.ft in 2024, reflecting an overall increase of 257% over this period.

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

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000, and the registration fee would be Rs 8,000, totaling Rs 36,000.

Which office handles property registrations for this street?

The Arani_Tiruvallur Sub Registrar Office is responsible for property registrations for High Road towards Puduvoyal { Upto Ananda Theatre }.

Where can I find more information about the guideline values in Arani?

You can find more information about the guideline values and other streets in Arani through the relevant links provided in this article.