Guideline Value for ARUBADAI NAGAR

Arubadai Nagar guideline value

The current guideline value of Arubadai Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Vellanoor-1 village, under the Avadi Sub Registrar Office (SRO), and is classified as Residential Class I Type - II.

How the guideline value of Arubadai Nagar has changed

The guideline value for Arubadai Nagar has undergone several revisions over the years. The 2017 revision set the guideline value at Rs 268 per sq.ft. Following this, the 2023 revision increased it to Rs 400 per sq.ft, marking a significant increase of 49%. The most recent 2024 revision has further raised the guideline value to Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Vellanoor-1

In Vellanoor-1 village, there are 34 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,980 per sq.ft, with a median value of Rs 555 per sq.ft. The guideline value of Arubadai Nagar is below this median.

• Arch Anthony Nagar: Rs 555 per sq.ft (2024)
• Anitha Nagar: Rs 555 per sq.ft (2024)
• Anbu Nagar Annexe: Rs 555 per sq.ft (2024)
• Anbu Nagar: Rs 555 per sq.ft (2024)
• Bharathi Nagar: Rs 555 per sq.ft (2024)
• Bhavani Nagar: Rs 555 per sq.ft (2024)

Stamp duty and registration fee for property in Arubadai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total fees to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Arubadai Nagar?

The Avadi Sub Registrar Office covers Arubadai Nagar. The office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Vellanoor-1

The guideline value is a crucial factor in the registration process when buying or selling property in Vellanoor-1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the government records.

When a property is sold, the buyer and seller must consider the guideline value to calculate the applicable fees. This value is essential for ensuring compliance with local regulations and for the proper documentation of the property transfer.

Frequently asked questions

What is the current guideline value of Arubadai Nagar?

The current guideline value of Arubadai Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, and now to Rs 440 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What is the median guideline value in Vellanoor-1?

The median guideline value in Vellanoor-1 is Rs 555 per sq.ft for the year 2024. The guideline value of Arubadai Nagar is below this median.

What fees are associated with buying property in Arubadai Nagar?

When buying property in Arubadai Nagar, buyers must pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.