Guideline Value for A.R.S NAGAR (SA)

A.R.S Nagar (Sa) guideline value

The current guideline value of A.R.S Nagar (Sa) is Rs 550 per sq.ft, effective from 1 July 2024. This area is part of Peramanoor village, under the Chengleput Joint II SRO, and is classified as Residential Class II Type - II.

How the guideline value of A.R.S Nagar (Sa) has changed

The guideline value for A.R.S Nagar (Sa) has undergone several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 335 per sq.ft. In 2023, the value increased to Rs 500 per sq.ft, and the most recent revision in 2024 raised it further to Rs 550 per sq.ft, marking a 10% increase from the previous year. Notably, the register has no figure for this street for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a significant decrease of 33%, while the value increased by 49% from 2017 to 2023. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in Peramanoor

In Peramanoor village, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing A.R.S Nagar (Sa) below this median.

• Arnakiriyar Street (Ward -8): Rs 1,760 per sq.ft (2024)
• Arivudai Nambi Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Arivaanar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Arumuganaavalar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Annibesant Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Annibesant Iind Cross Street (Ward -8): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in A.R.S Nagar (Sa)

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, making the total charges Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers A.R.S Nagar (Sa)?

The Sub Registrar Office covering A.R.S Nagar (Sa) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When engaging in a property transaction, both buyers and sellers should be aware that the guideline value will influence the overall costs involved in the registration process. It is essential to consult the latest figures to ensure compliance with the current regulations.

Frequently asked questions

What is the current guideline value of A.R.S Nagar (Sa)?

The current guideline value of A.R.S Nagar (Sa) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification of A.R.S Nagar (Sa)?

A.R.S Nagar (Sa) is classified as Residential Class II Type - II.

Which office handles registrations for A.R.S Nagar (Sa)?

The Chengleput Joint II Sub Registrar Office handles registrations for A.R.S Nagar (Sa), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in A.R.S Nagar (Sa)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 5,50,000 would incur a stamp duty of Rs 38,500 at 7%.