Guideline Value for Koya Arunagiri 5th Street

Koya Arunagiri 5th Street guideline value

The current guideline value of Koya Arunagiri 5th 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 5th Street has changed

The guideline value for Koya Arunagiri 5th Street has undergone several revisions over the years. In 2007, the value was Rs 945 per sq.ft, which saw a significant increase to Rs 6,000 per sq.ft in 2012. However, this was followed by a decrease to Rs 4,020 per sq.ft in 2017. The value then rose sharply to Rs 6,000 per sq.ft in 2023, and further increased to the current rate of Rs 6,600 per sq.ft in 2024, marking a 10% increase from the previous year.

Between the revisions, the changes are notable: from 2007 to 2012, there was a remarkable increase of 535%, followed by a decrease of 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and finally, a 10% increase was observed from 2023 to 2024. It is important to note that 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 current guideline value of Koya Arunagiri 5th Street.

• Koya Arunagiri 4th Street: Rs 6,600 per sq.ft (2024)
• Koya Arunagiri Street: Rs 6,600 per sq.ft (2024)
• Koya Arunagiri 3rd Street: Rs 6,600 per sq.ft (2024)
• Koya Arunagiri 2nd 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 5th 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 duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Koya Arunagiri 5th Street?

The Sub Registrar Office that covers Koya Arunagiri 5th 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

When buying or selling property in Triplicane, the guideline value plays a crucial role in determining the stamp duty and registration fees applicable to the transaction. The guideline value is used to calculate these fees, ensuring that they are aligned with the official valuation of the property.

It is essential for buyers and sellers to be aware of the guideline value to avoid any discrepancies during the registration process. The fees calculated based on the guideline value or the sale price, whichever is higher, must be settled to complete the transaction legally.

Frequently asked questions

What is the current guideline value of Koya Arunagiri 5th Street?

The current guideline value of Koya Arunagiri 5th 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 significantly 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 are the other streets with the same guideline value in Triplicane?

Other streets in Triplicane with the same guideline value of Rs 6,600 per sq.ft include Koya Arunagiri 1st, 2nd, 3rd, 4th Streets, and Koya Arunagiri Street.

What is the stamp duty rate for property in Koya Arunagiri 5th Street?

The stamp duty rate for property in Koya Arunagiri 5th Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Koya Arunagiri 5th Street?

The Sub Registrar Office covering Koya Arunagiri 5th Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.