Guideline Value for Koya Arunagiri 4th Street

Koya Arunagiri 4th Street guideline value

The current guideline value of Koya Arunagiri 4th Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane SRO, and is classified as Residential Class I Type - I.

How the guideline value of Koya Arunagiri 4th Street has changed

The guideline value for Koya Arunagiri 4th Street has seen several revisions over the years. The 2007 revision recorded a value of Rs 945 per sq.ft, which increased significantly to Rs 6,000 per sq.ft in the 2012 revision, marking a substantial rise of 535%. However, the value then decreased to Rs 4,020 per sq.ft in the 2017 revision, reflecting a decline of 33%. The value further increased to Rs 6,000 per sq.ft in the 2023 revision, and finally, it has been revised to Rs 6,600 per sq.ft in 2024, representing a 10% increase from the previous year.

There are no figures available for Koya Arunagiri 4th Street in the 2002 and 2003 revisions. Overall, from the 2007 revision to the current 2024 revision, 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 the same as the current guideline value for Koya Arunagiri 4th Street.

• Koya Arunagiri 3rd Street: Rs 6,600 per sq.ft (2024)
• Koya Arunagiri 5th Street: Rs 6,600 per sq.ft (2024)
• Koya Arunagiri 2nd Street: Rs 6,600 per sq.ft (2024)
• Koya Arunagiri Street: Rs 6,600 per sq.ft (2024)
• Koya Arunagiri 1st 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 4th 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 fees together to 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Koya Arunagiri 4th Street?

Koya Arunagiri 4th Street falls under the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road) Royapettah, Chennai-600014. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process 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 through stamp duty and registration fees.

When buying or selling property, the guideline value is assessed to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction based on the stipulated guideline value.

Frequently asked questions

What is the current guideline value of Koya Arunagiri 4th Street?

The current guideline value of Koya Arunagiri 4th Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

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

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

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

Which office handles the registration for Koya Arunagiri 4th Street?

The Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road) Royapettah, Chennai-600014, handles the registration for Koya Arunagiri 4th Street.

How is the guideline value determined for properties in Triplicane?

The guideline value is determined by the Registration Department and is based on various factors, including the location and classification of the property. It is revised periodically to reflect market conditions.