Guideline Value for ARASANKAZHANI - NOOKAMPALAYAM ROAD

Arasankazhani - Nookampalayam Road guideline value

The current guideline value of Arasankazhani - Nookampalayam Road is Rs 2,100 per sq.ft, effective from 1 July 2024. This road is located in Arasankalani village, under the Selaiyur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Arasankazhani - Nookampalayam Road has changed

The guideline value for Arasankazhani - Nookampalayam Road has undergone several revisions over the years. The earliest recorded figure is from 2012 at Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,000 per sq.ft in 2023, and most recently to Rs 2,100 per sq.ft in 2024. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, there was a decrease of 33%, but the value rose by 49% from 2017 to 2023. The increase from 2023 to 2024 is 5%. Overall, from 2012 to 2024, the guideline value has increased by 5%.

Guideline values in Arasankalani

In Arasankalani village, there are 85 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 1,300 to Rs 4,750 per sq.ft. The median value is Rs 2,100 per sq.ft, which is equal to the current guideline value of Arasankazhani - Nookampalayam Road.

• Annai Indra Street: Rs 2,100 per sq.ft (2024)
• Bagathsingh Street: Rs 1,300 per sq.ft (2024)
• Bajanai Koil Street: Rs 2,100 per sq.ft (2024)
• Amman Koil Street: Rs 1,300 per sq.ft (2024)
• Akshayam Roheline: Rs 3,500 per sq.ft (2024)
• Agni Avenue: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Arasankazhani - Nookampalayam Road

For a 1,000 sq.ft plot at the current rate of Rs 2,100 per sq.ft, the guideline value amounts to Rs 21,00,000. The stamp duty at 7% would be Rs 1,47,000, and the registration fee at 2% would be Rs 42,000, totaling Rs 1,89,000. It is important to note that 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 Arasankazhani - Nookampalayam Road?

The Sub Registrar Office that covers Arasankazhani - Nookampalayam Road is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Arasankalani

The guideline value serves as a benchmark for property transactions in Arasankalani. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded at a value that reflects the current market conditions. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Arasankazhani - Nookampalayam Road?

The current guideline value of Arasankazhani - Nookampalayam Road is Rs 2,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,100 per sq.ft in 2024.

What are the registration fees based on the guideline value?

Registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 21,00,000, the registration fee would be Rs 42,000 at a rate of 2%.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

What is the median guideline value in Arasankalani?

The median guideline value for the streets in Arasankalani is Rs 2,100 per sq.ft, which is the same as the guideline value for Arasankazhani - Nookampalayam Road.