Guideline Value for ARAVINDH NAGAR

Aravindh Nagar guideline value

The current guideline value of Aravindh Nagar, located in Kannampalayam village under the Kunrathur SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - V.

How the guideline value of Aravindh Nagar has changed

In the 2017 revision, the guideline value for Aravindh Nagar was Rs 1,500 per sq.ft. This figure remained unchanged in the 2023 revision. However, the 2024 revision saw an increase to Rs 1,650 per sq.ft, marking a 10% rise from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value increased by 10%.

Guideline values in Kannampalayam

Kannampalayam village has 75 streets under the Kunrathur SRO, with guideline values ranging from Rs 765 to Rs 4,000 per sq.ft as per the 2024 revision. The median guideline value in this area is Rs 1,375 per sq.ft, placing Aravindh Nagar's 2024 figure above this median.

• Ashok Nandhavanam: Rs 880 per sq.ft (2024)
• Ashok Nandhavanam Phase II: Rs 1,375 per sq.ft (2024)
• Ashok Nandhavanam Phase III: Rs 1,375 per sq.ft (2024)
• Athiya Villa "sri Ambal Garden": Rs 2,955 per sq.ft (2024)
• Annai Nagar Phase II: Rs 1,970 per sq.ft (2024)
• Annai Nagar Phase-I: Rs 1,970 per sq.ft (2024)

Stamp duty and registration fee for property in Aravindh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aravindh Nagar?

The Sub Registrar Office covering Aravindh Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Kannampalayam, the guideline value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

It is essential for buyers and sellers to be aware of the guideline value, as it impacts the overall cost of the transaction. Ensuring that the sale price is in line with the guideline value helps in smooth registration and avoids potential legal issues.

Frequently asked questions

What is the current guideline value of Aravindh Nagar?

The current guideline value of Aravindh Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has remained at Rs 1,500 per sq.ft until the 2024 revision, which increased it to Rs 1,650 per sq.ft. This represents a 10% increase from 2023 to 2024.

What is the land classification for Aravindh Nagar?

The land classification for Aravindh Nagar is Residential Special Type - V, indicating its designated use for residential purposes.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles property registrations for the area.

How is stamp duty calculated for properties in Aravindh Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 at a rate of 7%.