Guideline Value for A.R.K.Nagar

A.R.K.Nagar guideline value

The current guideline value of A.R.K.Nagar in Karasangal village is Rs 800 per sq.ft, effective from 1 July 2024. This area falls under the Sriperumpudur SRO and is classified as Commercial Class I Type - II.

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. In 2007, the value was Rs 210 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012, marking a 281% rise. However, it dropped back to Rs 536 per sq.ft in 2017, a decrease of 33%. The value remained at Rs 800 per sq.ft in 2023 and 2024, indicating no change from the previous year.

There are no recorded figures for A.R.K.Nagar in the years 2002 and 2003. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 281%.

Guideline values in Karasangal

In Karasangal, there are 59 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 3,550 per sq.ft. The median value for these streets is Rs 402 per sq.ft, placing A.R.K.Nagar's 2024 figure above this median.

• A.S.Nagar: Rs 800 per sq.ft (2024)
• Annai Therasa street: Rs 250 per sq.ft (2024)
• Amman Nagar: Rs 600 per sq.ft (2024)
• ALA Garden: Rs 1,500 per sq.ft (2024)
• Bhasyam Ayyankar Street: Rs 250 per sq.ft (2024)
• Aadi Athivaradar Avenue: Rs 3,000 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 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

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

The Sub Registrar Office that covers A.R.K.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 Karasangal

The guideline value is an essential factor in property transactions in Karasangal, as it determines the amount of stamp duty and registration fees payable during the registration process. Buyers and sellers must consider this value when finalizing property deals to ensure compliance with local regulations.

When a property is sold, the guideline value is used as a benchmark for calculating the applicable fees. It is crucial to be aware of the current guideline value to avoid any discrepancies during the registration of the property.

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 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has fluctuated over the years, with significant changes noted between 2007 and 2012, and then again from 2017 to 2024, where it remained at Rs 800 per sq.ft.

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

A.R.K.Nagar is classified as Commercial Class I Type - II, which indicates its suitability for commercial activities.

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

The Sub Registrar Office for A.R.K.Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in A.R.K.Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 8,00,000 would incur a stamp duty of Rs 56,000 at 7%.