Guideline Value for ARI ARUL NAGAR

Ari Arul Nagar guideline value

The current guideline value of Ari Arul Nagar is Rs 350 per sq.ft. This area falls under Thozhuvur village and is registered with the Tiruvallur Joint 1 SRO. The land classification for this locality is Residential Class III Type - I.

How the guideline value of Ari Arul Nagar has changed

Looking at the revisions, the guideline value for Ari Arul Nagar was Rs 350 per sq.ft in 2012. This remained the same in the subsequent revision in 2017, where the value dropped to Rs 234 per sq.ft. The most recent revision in 2023 saw an increase to Rs 350 per sq.ft, marking a 50% increase from the 2017 figure.

Overall, from 2012 to 2023, the guideline value has not changed, remaining at Rs 350 per sq.ft. The revisions for the years 2002, 2003, 2007, and 2024 have no figures recorded for this street.

Guideline values in Thozhuvur

Currently, there are no specific village figures available for Thozhuvur. However, Ari Arul Nagar is a part of this locality. There are no other streets in Thozhuvur listed under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Ari Arul Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, making the total charges Rs 31,500. It is important to note that 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 more details.

Which Sub Registrar Office covers Ari Arul Nagar?

The Sub Registrar Office that covers Ari Arul Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Thozhuvur. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the higher amount between the guideline value and the sale price is considered for calculating the applicable duties. This ensures that the registration process is aligned with the official valuation of the property.

Frequently asked questions

What is the current guideline value of Ari Arul Nagar?

The current guideline value of Ari Arul Nagar is Rs 350 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

From 2012 to 2017, the guideline value decreased from Rs 350 per sq.ft to Rs 234 per sq.ft. However, it increased back to Rs 350 per sq.ft in the 2023 revision, resulting in no overall change from 2012 to 2023.

What are the stamp duty and registration fees for property in Ari Arul Nagar?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total charges would amount to Rs 31,500.

Which office handles the registration for Ari Arul Nagar?

The registration for Ari Arul Nagar is handled by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

Are there other streets in Thozhuvur with guideline values?

Currently, there are no other streets in Thozhuvur listed under the Tiruvallur Joint 1 SRO with specific guideline values provided.