Guideline Value for AROKIYA NAGAR

Arokiya Nagar guideline value

The current guideline value of Arokiya Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Athipattu village, under the Thiruvottiyur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Arokiya Nagar has changed

The guideline value for Arokiya Nagar has seen several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 201 per sq.ft. This increased to Rs 300 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 has set the value at Rs 330 per sq.ft, reflecting a further increase of 10% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Athipattu

Athipattu village has 108 streets under the Thiruvottiyur SRO, with the 2024 guideline values ranging from Rs 220 to Rs 462 per sq.ft. The median value for these streets is Rs 330 per sq.ft, which aligns with the current guideline value of Arokiya Nagar.

• Ashoka Puram: Rs 330 per sq.ft (2024)
• Athipattu Colony: Rs 330 per sq.ft (2024)
• Athipattu New Town: Rs 330 per sq.ft (2024)
• Annai Avenue: Rs 330 per sq.ft (2024)
• Andal Thirunagar: Rs 330 per sq.ft (2024)
• Balaji Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Arokiya Nagar

For a 1,000 sq.ft plot at the current rate of Rs 330 per sq.ft, the guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, making the total charges Rs 29,700. It is important to note that 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 Arokiya Nagar?

The Sub Registrar Office that covers Arokiya Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Athipattu. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers and sellers must be aware of the current guideline value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Arokiya Nagar?

The current guideline value of Arokiya Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, and then to Rs 330 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What are the guideline values of other streets in Athipattu?

Other streets in Athipattu also have a guideline value of Rs 330 per sq.ft for 2024. This includes Ashoka Puram, Athipattu Colony, Athipattu New Town, Annai Avenue, Andal Thirunagar, and Balaji Nagar.

What fees are applicable when buying property in Arokiya Nagar?

When buying property in Arokiya Nagar, buyers must pay stamp duty at 7% and a registration fee at 2% of the guideline value. The total fees depend on the size of the property and its guideline value.

Where can I find the Sub Registrar Office for Arokiya Nagar?

The Sub Registrar Office for Arokiya Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find more information through the provided link.