Guideline Value for A.R. Nagar

A.R. Nagar guideline value

The current guideline value of A.R. Nagar, located in Mangadu -A under the Kunrathur SRO, is Rs 1,540 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of A.R. Nagar has changed

The guideline value of A.R. Nagar has seen significant changes over the years. The 2017 revision set the value at Rs 938 per sq.ft, which increased to Rs 1,400 per sq.ft in the 2023 revision. The most recent 2024 revision raised the value further to Rs 1,540 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

Notably, there are no recorded figures for A.R. Nagar in the revisions of 2002, 2003, 2007, and 2012. The rise from 2017 to 2023 was 49%, showcasing a substantial increase over this period.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,870 per sq.ft, placing A.R. Nagar's 2024 figure below this median.

• Arul Migu Kamatchi Amman Nagar: Rs 1,870 per sq.ft (2024)
• Appavoo Nagar, 1st Road to IIIrd Road: Rs 1,540 per sq.ft (2024)
• Ashok Nagar: Rs 1,540 per sq.ft (2024)
• A.S. Nagar: Rs 1,540 per sq.ft (2024)
• A.S.R.city: Rs 1,540 per sq.ft (2024)
• Ayyan Nagar: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in A.R. Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty, charged at 7%, would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers A.R. Nagar?

The Sub Registrar Office that covers A.R. Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value is a critical factor during property registration in Mangadu -A. It serves as a benchmark for determining the minimum price 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, both the buyer and seller must consider the guideline value, as it influences the overall costs associated with the transaction. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of A.R. Nagar?

The current guideline value of A.R. Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 938 per sq.ft to Rs 1,540 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What is the land classification of A.R. Nagar?

A.R. Nagar falls under the Residential Class II Type - I land classification, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for A.R. Nagar?

For a property valued at Rs 15,40,000 in A.R. Nagar, the stamp duty would be Rs 1,07,800 and the registration fee would be Rs 30,800, totaling Rs 1,38,600.

Which office handles registrations for A.R. Nagar?

The Kunrathur Sub Registrar Office is responsible for handling registrations for A.R. Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.