Guideline Value for ARKAY GARDEN NAGAR

Arkay Garden Nagar guideline value

The current guideline value of Arkay Garden Nagar is Rs 1,800 per sq.ft, effective from 1 July 2024. This locality is situated in Vayallanallur_b village under the Poonamallee SRO, classified as Residential Class IV Type - III.

How the guideline value of Arkay Garden Nagar has changed

The guideline value for Arkay Garden Nagar has remained consistent at Rs 1,800 per sq.ft for the revisions in 2023 and 2024. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

In the 2023 revision, the guideline value was Rs 1,800 per sq.ft, which did not change in the 2024 revision, resulting in a change of +0%. This indicates stability in the guideline value over these two years.

Guideline values in Vayallanallur_b

In Vayallanallur_b, there are 27 streets under the Poonamallee SRO with a 2024 guideline value ranging from Rs 220 to Rs 3,100 per sq.ft. The median value for these streets is Rs 1,640 per sq.ft, placing Arkay Garden Nagar's 2024 figure above that median.

• Ashok Nandavanam: Rs 1,210 per sq.ft (2024)
• Ashok Nandavanam Phase - II: Rs 1,640 per sq.ft (2024)
• Ashok Nandhavanam Phase - III: Rs 1,099 per sq.ft (2024)
• Ayaan City: Rs 2,250 per sq.ft (2024)
• A B S Graden: Rs 500 per sq.ft (2024)
• Abs Garden Phase 2: Rs 1,640 per sq.ft (2024)

Stamp duty and registration fee for property in Arkay Garden Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,800 per sq.ft, the guideline value amounts to Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, totaling Rs 1,62,000. 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 Arkay Garden Nagar?

The Sub Registrar Office that covers Arkay Garden Nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Vayallanallur_b. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded at an appropriate value.

When buying or selling property, the guideline value helps in establishing a baseline for the sale price. This ensures transparency and compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Arkay Garden Nagar?

The current guideline value of Arkay Garden Nagar is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Arkay Garden Nagar has remained at Rs 1,800 per sq.ft for both the 2023 and 2024 revisions, with no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Arkay Garden Nagar?

Arkay Garden Nagar is classified as Residential Class IV Type - III, indicating its suitability for residential development.

Where can I find the registration office for Arkay Garden Nagar?

The registration office for Arkay Garden Nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056.

How is the stamp duty calculated for properties in Arkay Garden Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,800 per sq.ft, the total guideline value would be Rs 18,00,000, leading to a stamp duty of Rs 1,26,000.