Guideline Value for Koya Arunagiri 2nd Street

Koya Arunagiri 2nd Street guideline value

The current guideline value of Koya Arunagiri 2nd 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 2nd Street has changed

The guideline value for Koya Arunagiri 2nd Street has undergone several revisions over the years. The 2007 revision set the value at Rs 945 per sq.ft, which increased significantly to Rs 6,000 per sq.ft in 2012, marking a 535% rise. However, this value decreased to Rs 4,020 per sq.ft in the 2017 revision, reflecting a decline of 33%. The value then rose sharply to Rs 6,000 per sq.ft in 2023, followed by a further increase to Rs 6,600 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

There are no figures available for Koya Arunagiri 2nd Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 598%.

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 2024 figure for Koya Arunagiri 2nd Street.

• Koya Arunagiri 1st 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 2nd 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, resulting in a total cost of Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate estimates.

Which Sub Registrar Office covers Koya Arunagiri 2nd Street?

Koya Arunagiri 2nd Street is covered by the Triplicane Sub Registrar Office located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Triplicane. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Koya Arunagiri 2nd Street?

The current guideline value of Koya Arunagiri 2nd 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 seen significant changes, from Rs 945 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, marking an overall increase of 598%.

What are the stamp duty and registration fees for properties in Koya Arunagiri 2nd Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 66,00,000, the total fees would be Rs 5,94,000.

Which office handles registrations for Koya Arunagiri 2nd Street?

The Triplicane Sub Registrar Office handles registrations for Koya Arunagiri 2nd Street, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the fees are calculated based on a standardized value rather than the negotiated sale price.