Guideline Value for Koya Arunagiri 1st Street

Koya Arunagiri 1st Street guideline value

The current guideline value of Koya Arunagiri 1st Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village under the Triplicane SRO, classified as Residential Class I Type - I.

How the guideline value of Koya Arunagiri 1st Street has changed

The guideline value for Koya Arunagiri 1st Street has seen several revisions over the years. In 2007, the value was Rs 945 per sq.ft, which increased significantly to Rs 6,000 per sq.ft in 2012. However, it then decreased to Rs 4,020 per sq.ft in 2017. The value rose again to Rs 6,000 per sq.ft in 2023 and has now reached Rs 6,600 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

To summarize the changes: from 2007 to 2012, there was a remarkable increase of 535%. However, from 2012 to 2017, the value decreased by 33%. The increase from 2017 to 2023 was 49%, and the overall change from 2007 to 2024 shows an increase of 598%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value is Rs 6,600 per sq.ft, which is equal to the guideline value of Koya Arunagiri 1st Street.

• Koya Arunagiri 2nd Street: Rs 6,600 per sq.ft (2024)
• Koya Arunagiri 3rd Street: Rs 6,600 per sq.ft (2024)
• Koya Arunagiri 4th Street: Rs 6,600 per sq.ft (2024)
• Koya Arunagiri 5th Street: Rs 6,600 per sq.ft (2024)
• Koya Arunagiri Street: Rs 6,600 per sq.ft (2024)
• Krishnappa Mudali Street Ch - 5: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Koya Arunagiri 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total to Rs 5,94,000. 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 accurate estimates.

Which Sub Registrar Office covers Koya Arunagiri 1st Street?

The Sub Registrar Office that covers Koya Arunagiri 1st Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Triplicane. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps both parties understand the legal valuation of the property. Buyers should be aware that the stamp duty and registration fees will be calculated based on the higher of the guideline value or the sale price, which can affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Koya Arunagiri 1st Street?

The current guideline value of Koya Arunagiri 1st Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 945 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, showing an overall increase of 598% over the years.

What is the stamp duty for properties in Koya Arunagiri 1st Street?

The stamp duty for properties in Koya Arunagiri 1st Street is 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations in Triplicane?

The Triplicane Sub Registrar Office handles property registrations in Triplicane, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees using our stamp duty and registration fee calculator.