Guideline Value for AARIYA ENCLAVE

Aariya Enclave guideline value

The current guideline value of Aariya Enclave, located in Sirukalathur village under the Kunrathur SRO, is Rs 550 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 Aariya Enclave has changed

The guideline value for Aariya Enclave has undergone several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which was then reduced to Rs 335 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 500 per sq.ft in the 2023 revision, and finally rose to Rs 550 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Looking at the changes between revisions, from 2012 to 2017, there was a decrease of 33%. However, the value saw a substantial increase of 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Sirukalathur

In Sirukalathur, there are 32 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 450 to Rs 2,970 per sq.ft. The median value among these streets is Rs 550 per sq.ft, placing Aariya Enclave's 2024 figure at this median.

• A.R.K. Vigneshwar Nagar: Rs 500 per sq.ft (2024)
• Asd Mahathma Gandhi Nagar: Rs 650 per sq.ft (2024)
• Bavani Amman Nagar: Rs 500 per sq.ft (2024)
• Bhavani Amman Nagar II: Rs 500 per sq.ft (2024)
• Bhavani Nagar & II: Rs 500 per sq.ft (2024)
• Eathen Garden: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Aariya Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, while the registration fee at 2% would be Rs 11,000, bringing the total cost for these fees to Rs 49,500. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Aariya Enclave?

Aariya Enclave falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process of property transactions in Sirukalathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential to consider this value when negotiating sale prices, as the registration fees will be based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Aariya Enclave?

The current guideline value of Aariya Enclave 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 increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Aariya Enclave?

Aariya Enclave is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Aariya Enclave?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500, and the registration fee would be Rs 11,000, totaling Rs 49,500.

Which office handles registrations for Aariya Enclave?

The Kunrathur Sub Registrar Office at No.59, Road Street, Kundrathur, Chennai -600 069, is responsible for handling registrations for Aariya Enclave.