Guideline Value for ARIMAA KVG NAGAR

Arimaa Kvg Nagar guideline value

The current guideline value of Arimaa Kvg Nagar is Rs 710 per sq.ft, effective from 1 July 2024. This area is located in Sholavaram village, under the Redhills SRO, and is classified as Residential Special Type - III.

How the guideline value of Arimaa Kvg Nagar has changed

The guideline value for Arimaa Kvg Nagar has remained consistent at Rs 710 per sq.ft since the 2023 revision. There are no figures available for the revisions prior to 2023, including those from 2017, 2012, 2007, 2003, and 2002.

With no change in the guideline value from 2023 to 2024, the current rate reflects stability in this area. The 2024 revision maintains the same figure as the previous year, indicating no fluctuations in the guideline value for this street.

Guideline values in Sholavaram

In Sholavaram, there are 98 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 515 to Rs 3,500 per sq.ft. The median guideline value in this village is Rs 660 per sq.ft, placing Arimaa Kvg Nagar's 2024 figure above that median.

• Anna Street: Rs 550 per sq.ft (2024)
• Asokar Street: Rs 550 per sq.ft (2024)
• At FUTURE CITY: Rs 550 per sq.ft (2024)
• Bajanai Koil Street: Rs 660 per sq.ft (2024)
• Ambedkar Street: Rs 550 per sq.ft (2024)
• Balamurugan Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Arimaa Kvg Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 710 per sq.ft, the total guideline value would be Rs 7,10,000. The stamp duty at 7% would amount to Rs 49,700, while the registration fee at 2% would be Rs 14,200, resulting in a total of Rs 63,900. It is important to note that the 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 Arimaa Kvg Nagar?

Arimaa Kvg Nagar is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Sholavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Arimaa Kvg Nagar?

The current guideline value of Arimaa Kvg Nagar is Rs 710 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Arimaa Kvg Nagar has remained at Rs 710 per sq.ft since the 2023 revision. There are no figures available for the revisions prior to 2023.

What is the land classification for Arimaa Kvg Nagar?

Arimaa Kvg Nagar is classified as Residential Special Type - III, which reflects its intended use and development potential.

What are the stamp duty rates for property transactions in Arimaa Kvg Nagar?

The stamp duty for property transactions in Arimaa Kvg Nagar is charged at 7% of the higher value between the guideline value and the sale price. Additionally, a registration fee of 2% is applicable.

Where is the Sub Registrar Office for Arimaa Kvg Nagar located?

The Redhills Sub Registrar Office, which covers Arimaa Kvg Nagar, is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.