Guideline Value for A.R.K NAGAR

A.R.K Nagar guideline value

The current guideline value for A.R.K Nagar, located in Pungathur village under the Tiruvallur Joint 1 SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

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

The guideline value for A.R.K Nagar has seen several revisions over the years. The 2017 revision set the guideline value at Rs 1,005 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 has further raised the value to Rs 1,650 per sq.ft, which is a 10% increase from the previous year.

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

Guideline values in Pungathur

Pungathur village features 32 streets under the Tiruvallur Joint 1 SRO, with guideline values ranging from Rs 550 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 1,485 per sq.ft, placing A.R.K Nagar's 2024 figure above this median.

• A.S.P. Nagar Ext: Rs 1,099 per sq.ft (2024)
• A.S.P Nagar Extn(581/2,581/3,581/3a): Rs 1,099 per sq.ft (2024)
• Anna Nagar: Rs 1,650 per sq.ft (2024)
• Bajanai koil st: Rs 550 per sq.ft (2024)
• Jayanagar mainRoad: Rs 1,650 per sq.ft (2024)
• Kamakshiamman st: Rs 550 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, leading to a total of Rs 1,48,500. It is important to note that the 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 A.R.K Nagar?

The Sub Registrar Office covering A.R.K Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Pungathur. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

Frequently asked questions

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

The current guideline value of A.R.K Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,005 per sq.ft to Rs 1,650 per sq.ft in 2024, marking an overall increase of 64%.

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

The stamp duty for a property valued at Rs 16,50,000 would be Rs 1,15,500, and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles registrations for A.R.K Nagar?

The Tiruvallur Joint 1 Sub Registrar Office handles registrations for A.R.K Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

Are there other streets in Pungathur with different guideline values?

Yes, there are other streets in Pungathur with varying guideline values. The values range from Rs 550 to Rs 2,500 per sq.ft, with A.R.K Nagar's value being above the median of Rs 1,485 per sq.ft.