Guideline Value for ARAVINDAR ENCLAVE

Aravindar Enclave guideline value

The current guideline value of Aravindar Enclave is Rs 1,950 per sq.ft, effective from 1 July 2024. This property is located in Chitthalapakkam village under the Selaiyur SRO, classified as Residential Class II Type - II.

How the guideline value of Aravindar Enclave has changed

Over the years, the guideline value for Aravindar Enclave has seen several revisions. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 1,800 per sq.ft, which was an increase from the previous figures, and the 2024 revision raised it further to Rs 1,950 per sq.ft, marking an 8% increase from the 2023 value.

In summary, the guideline value has progressed from Rs 1,800 per sq.ft in 2023 to Rs 1,950 per sq.ft in 2024. This increase reflects the adjustments made in the guideline values as per the revisions by the Registration Department.

Guideline values in Chitthalapakkam

In Chitthalapakkam, there are 107 streets under the Selaiyur SRO, with guideline values for 2024 ranging from Rs 1,300 to Rs 5,000 per sq.ft. The median value for these streets is Rs 2,900 per sq.ft, indicating that the guideline value for Aravindar Enclave is below this median.

• Aravind Avenue: Rs 2,950 per sq.ft (2024)
• Arun Avenue: Rs 2,700 per sq.ft (2024)
• Arun Avenue Extension: Rs 3,300 per sq.ft (2024)
• Amutha Nagar: Rs 2,450 per sq.ft (2024)
• Amudhas Green Layout: Rs 3,330 per sq.ft (2024)
• Bajanai Koil Street: Rs 2,950 per sq.ft (2024)

Stamp duty and registration fee for property in Aravindar Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 1,950 per sq.ft, the total guideline value amounts to Rs 19,50,000. The stamp duty at 7% would be Rs 1,36,500, and the registration fee at 2% would be Rs 39,000, bringing the total cost for these fees to Rs 1,75,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aravindar Enclave?

The Sub Registrar Office covering Aravindar Enclave is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, within the Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Chitthalapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property in relation to the market. It is essential to consider the guideline value when negotiating sale prices to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Aravindar Enclave?

The current guideline value of Aravindar Enclave is Rs 1,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2023 to Rs 1,950 per sq.ft in 2024, reflecting an 8% increase. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Aravindar Enclave?

Aravindar Enclave is classified as Residential Class II Type - II, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for properties in Aravindar Enclave?

For a property valued at Rs 19,50,000, the stamp duty would be Rs 1,36,500 and the registration fee would be Rs 39,000, totaling Rs 1,75,500. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Aravindar Enclave located?

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