Guideline Value for A.R.NAGAR

A.R.Nagar guideline value

The current guideline value of A.R.Nagar in Thirupalaivanam 1 village, under the Ponneri SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

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

In the 2017 revision, the guideline value was set at Rs 134 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 200 per sq.ft. The recent 2024 revision has maintained this value at Rs 200 per sq.ft, showing no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. Overall, from 2017 to 2024, the guideline value has increased by 49%, reflecting the same value in the latest revision.

Guideline values in Thirupalaivanam 1

In Thirupalaivanam 1, there are 9 streets under the Ponneri SRO that carry a 2024 guideline value. The values range from Rs 134 to Rs 200 per sq.ft, with the median being Rs 200 per sq.ft. A.R.Nagar's 2024 figure matches this median value.

• Ambal Garden Block I II III IV V: Rs 134 per sq.ft (2024)
• Farzana Garden: Rs 200 per sq.ft (2024)
• Kamatchi Amman Nagar Annex-III: Rs 200 per sq.ft (2024)
• Makkah Garden: Rs 200 per sq.ft (2024)
• Mecca Garden: Rs 200 per sq.ft (2024)
• Nithyasri Nagar Project I,II: Rs 200 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 200 per sq.ft, the total guideline value is Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total charges Rs 18,000. Please note that 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.Nagar?

A.R.Nagar falls under the Ponneri Sub Registrar Office located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thirupalaivanam 1

The guideline value is a crucial factor in the registration process when buying or selling property in Thirupalaivanam 1. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of A.R.Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 134 per sq.ft in 2017 to 2023. Overall, the increase from 2017 to 2024 is also 49%.

Which Sub Registrar Office should I approach for A.R.Nagar?

The Ponneri Sub Registrar Office covers A.R.Nagar. It is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

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

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000.

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

A.R.Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.