Guideline Value for A.R.C NAGAR

A.R.C Nagar guideline value

The current guideline value of A.R.C Nagar in Aathur village is Rs 220 per sq.ft, effective from 1 July 2024. This area falls under the Redhills SRO and is classified as Residential Class I Type - I.

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

The guideline value for A.R.C Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 220 per sq.ft, an increase of 10% from Rs 200 per sq.ft in the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 134 per sq.ft, marking a significant increase of 49% to the 2023 figure.

Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 64%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Aathur

Aathur village has 11 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 165 to Rs 1,000 per sq.ft, with the median value being Rs 220 per sq.ft. A.R.C Nagar's 2024 figure aligns with this median value.

• Metro Star City: Rs 200 per sq.ft (2024)
• Poorani Avenue Annex: Rs 220 per sq.ft (2024)
• Rajesh Nagar: Rs 165 per sq.ft (2024)
• Sakthi Nagar: Rs 165 per sq.ft (2024)
• Saraswathi Nagar: Rs 220 per sq.ft (2024)
• Thanthai Periyar Street: Rs 220 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 220 per sq.ft, the guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, totaling Rs 19,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers A.R.C Nagar?

A.R.C Nagar is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Aathur. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives appropriate revenue based on the property's value.

Frequently asked questions

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

The current guideline value of A.R.C Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, increasing from Rs 134 per sq.ft in 2017 to Rs 220 per sq.ft in 2024, which is an overall increase of 64%.

What are the other streets in Aathur with their guideline values?

Other streets in Aathur under the Redhills SRO include Metro Star City at Rs 200 per sq.ft, Poorani Avenue Annex and Saraswathi Nagar at Rs 220 per sq.ft, and Rajesh Nagar and Sakthi Nagar at Rs 165 per sq.ft.

How is stamp duty calculated in A.R.C Nagar?

Stamp duty in A.R.C Nagar is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 2,20,000, the stamp duty would be Rs 15,400 at a rate of 7%.

Where can I find the Sub Registrar Office for A.R.C Nagar?

The Sub Registrar Office covering A.R.C Nagar is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find more information by visiting the relevant link.