Guideline Value for Sri Arulmigu Sri Arunchala Nagar

Sri Arulmigu Sri Arunchala Nagar guideline value

The current guideline value of Sri Arulmigu Sri Arunchala Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Ayakolathur village, under the Sriperumpudur SRO, and is classified as Residential Special Type - I.

How the guideline value of Sri Arulmigu Sri Arunchala Nagar has changed

The guideline value for Sri Arulmigu Sri Arunchala Nagar has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 500 per sq.ft, which is consistent with the previous year's 2023 figure. In 2017, the guideline value was Rs 335 per sq.ft, indicating a significant increase of 49% by 2023. Prior to that, in 2012, the value was Rs 500 per sq.ft, showing a decrease of 33% to the 2017 figure. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 500 per sq.ft. The fluctuations in value reflect the changes over the years, with the most notable increase occurring between 2017 and 2023.

Guideline values in Ayakolathur

In Ayakolathur, there are 15 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 700 per sq.ft, with a median value of Rs 200 per sq.ft. The guideline value for Sri Arulmigu Sri Arunchala Nagar is above this median.

• Sri chakkra town: Rs 300 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 150 per sq.ft (2024)
• ThiruVeedhiyamman Koil Street: Rs 200 per sq.ft (2024)
• Perumal Koil Street: Rs 200 per sq.ft (2024)
• V.G.P.Chakkra town: Rs 300 per sq.ft (2024)
• Vinayagar Koil Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Arulmigu Sri Arunchala Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, making the total cost for these fees Rs 45,000. It is important to note that 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 Sri Arulmigu Sri Arunchala Nagar?

The Sub Registrar Office that covers Sri Arulmigu Sri Arunchala Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value serves as a reference point for property transactions in Ayakolathur. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that both parties are aware of the official valuation.

At the time of registration, the higher of the guideline value or the sale price will be considered for calculating the stamp duty. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Arulmigu Sri Arunchala Nagar?

The current guideline value of Sri Arulmigu Sri Arunchala Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft from 2012 to 2024, with a significant increase of 49% from 2017 to 2023.

What are the other streets in Ayakolathur?

Other streets in Ayakolathur include Sri chakkra town, Rajiv Gandhi Street, ThiruVeedhiyamman Koil Street, Perumal Koil Street, V.G.P.Chakkra town, and Vinayagar Koil Street, each with their respective guideline values for 2024.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 45,000.

Where is the Sub Registrar Office for Sri Arulmigu Sri Arunchala Nagar?

The Sub Registrar Office covering Sri Arulmigu Sri Arunchala Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.