Guideline Value for Koya Arunagiri Street

Koya Arunagiri Street guideline value

The current guideline value of Koya Arunagiri 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 it falls under the Residential Class I Type - I land classification.

How the guideline value of Koya Arunagiri Street has changed

The guideline value for Koya Arunagiri Street has seen several revisions over the years. The 2012 revision set the value at Rs 6,000 per sq.ft, which remained unchanged in the 2023 revision. However, in the latest 2024 revision, the guideline value increased to Rs 6,600 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2017 for Koya Arunagiri 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 guideline value for these streets is Rs 6,600 per sq.ft, which is equal to the current guideline value of Koya Arunagiri Street.

• Koya Arunagiri 5th Street: Rs 6,600 per sq.ft (2024)
• Koya Arunagiri 4th 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total cost for these fees to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Koya Arunagiri Street?

Koya Arunagiri Street is covered by 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 property can be registered, ensuring that all transactions are conducted transparently and fairly.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are based on the higher of the guideline value or the sale price. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Koya Arunagiri Street?

The current guideline value of Koya Arunagiri 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 for Koya Arunagiri Street has increased from Rs 6,000 per sq.ft in 2012 to Rs 6,600 per sq.ft in 2024, which is a 10% increase. There were no figures available for the years 2002, 2003, 2007, and 2017.

What is the median guideline value for streets in Triplicane?

The median guideline value for streets in Triplicane is Rs 6,600 per sq.ft, which is the same as the current guideline value of Koya Arunagiri Street.

What fees are associated with buying property on Koya Arunagiri Street?

When purchasing property on Koya Arunagiri Street, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Koya Arunagiri Street?

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