Guideline Value for ARJUN NAGAR PHASE I

Arjun Nagar Phase I guideline value

The current guideline value of Arjun Nagar Phase I is Rs 150 per sq.ft, effective from 1 July 2024. This area is located in Ayakkunnam village and falls under the Acchirapakkam SRO. The land classification for this region is Residential Special Type - II.

How the guideline value of Arjun Nagar Phase I has changed

According to the guideline value register, the revisions for Arjun Nagar Phase I show that there has been no change in the guideline value from the 2023 revision to the 2024 revision, which both stand at Rs 150 per sq.ft. The previous revisions from 2017, 2012, 2007, 2003, and 2002 have no figures listed for this street in the register.

Thus, the only recorded revisions for Arjun Nagar Phase I are from 2023 and 2024, both maintaining a consistent guideline value of Rs 150 per sq.ft. The absence of figures from earlier revisions indicates stability in the guideline value for this area over the years.

Guideline values in Ayakkunnam

There are no specific village figures provided for Ayakkunnam. Currently, Arjun Nagar Phase I is the only street mentioned under the Acchirapakkam SRO.

Stamp duty and registration fee for property in Arjun Nagar Phase I

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, leading to a total of Rs 13,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arjun Nagar Phase I?

The Sub Registrar Office that covers Arjun Nagar Phase I is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can also find your SRO online for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Ayakkunnam. It serves as a reference for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Arjun Nagar Phase I?

The current guideline value of Arjun Nagar Phase I is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Arjun Nagar Phase I has remained unchanged at Rs 150 per sq.ft from the 2023 revision to the 2024 revision. There are no figures available for earlier revisions from 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Arjun Nagar Phase I?

The land classification for Arjun Nagar Phase I is Residential Special Type - II, indicating its designated use for residential purposes.

Where is the Acchirapakkam Sub Registrar Office located?

The Acchirapakkam Sub Registrar Office is located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.

How is stamp duty calculated for properties in Arjun Nagar Phase I?

Stamp duty for properties in Arjun Nagar Phase I is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total stamp duty would be Rs 10,500 based on the current guideline value.