Guideline Value for A.r.k.விக்னேஷ்வரா நகர்

A.R.K.விக்னேஷ்வரா நகர் guideline value

The current guideline value of A.R.K.விக்னேஷ்வரா நகர் is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Udaiyavarkoil village under the Poonamallee SRO, and it falls under the Residential Class I Type - II land classification.

How the guideline value of A.R.K.விக்னேஷ்வரா நகர் has changed

The guideline value for A.R.K.விக்னேஷ்வரா நகர் has remained consistent at Rs 1,000 per sq.ft since the 2023 revision, which also recorded the same figure. Prior to this, the register has no figures for this street for the years 2017, 2012, 2007, 2003, and 2002.

Thus, from the 2023 revision to the 2024 revision, there was no change in the guideline value, with an increase of 0%. The 2024 figure of Rs 1,000 per sq.ft indicates stability in the valuation of this property over the last year.

Guideline values in Udaiyavarkoil

In Udaiyavarkoil, there are 35 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 3,400 per sq.ft, with a median value of Rs 550 per sq.ft. A.R.K.விக்னேஷ்வரா நகர்'s 2024 figure is above this median.

• Arivoli nagar: Rs 550 per sq.ft (2024)
• A.S.P.Avenue: Rs 1,000 per sq.ft (2024)
• Astalakshmi nagar: Rs 550 per sq.ft (2024)
• Athavan nagar: Rs 825 per sq.ft (2024)
• Annai Nagar: Rs 990 per sq.ft (2024)
• Bajanai Koil Street: Rs 550 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers A.R.K.விக்னேஷ்வரா நகர்?

The A.R.K.விக்னேஷ்வரா நகர் falls under the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Udaiyavarkoil. It serves as a benchmark for determining the stamp duty and registration fees, which are essential costs in any property transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial implications of their transaction. This helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

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

The current guideline value of A.R.K.விக்னேஷ்வரா நகர் is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,000 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for A.R.K.விக்னேஷ்வரா நகர்?

A.R.K.விக்னேஷ்வரா நகர் is classified as Residential Class I Type - II. This classification affects the guideline value and the regulations surrounding property transactions in the area.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for A.R.K.விக்னேஷ்வரா நகர் located?

The Sub Registrar Office covering A.R.K.விக்னேஷ்வரா நகர் is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. This office handles all property registrations in the area.