Guideline Value for ARASAKULAM THERU

Arasakulam Theru guideline value

The current guideline value of Arasakulam Theru is Rs 500 per sq.ft. This street is located in Arungal village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Arasakulam Theru has changed

The guideline value for Arasakulam Theru has undergone several revisions over the years. The 2012 revision set the guideline value at Rs 500 per sq.ft, which remained unchanged in the subsequent 2023 revision. However, between the 2012 and 2017 revisions, there was a decrease of 33%, bringing the value down to Rs 335 per sq.ft. The 2023 revision then saw an increase of 49% from the 2017 figure, resulting in the current value of Rs 500 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street. Overall, from 2012 to 2023, the guideline value has remained the same at Rs 500 per sq.ft.

Guideline values in Arungal

Currently, there are no specific guideline values provided for other streets in Arungal. Arasakulam Theru is the only street mentioned under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Arasakulam Theru

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, while the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Arasakulam Theru?

The Sub Registrar Office that covers Arasakulam Theru is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Arungal, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is set by the government and is used as a benchmark for calculating these costs during the registration process.

It is essential for buyers and sellers to be aware of the guideline value, as it ensures transparency and fairness in property transactions. The guideline value is updated periodically, reflecting changes in the real estate landscape, and it is advisable to check the latest figures before proceeding with any property dealings.

Frequently asked questions

What is the current guideline value of Arasakulam Theru?

The current guideline value of Arasakulam Theru is Rs 500 per sq.ft as per the 2023 revision.

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, and then back to Rs 500 per sq.ft in 2023, showing a 49% increase from 2017 to 2023.

What is the land classification for Arasakulam Theru?

The land classification for Arasakulam Theru is Residential Special Type - I.

Where is the Gooduvancheri SRO located?

The Gooduvancheri SRO is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total of Rs 45,000 in fees.