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 street is located in Vellanoor-2 village, under the Avadi Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - II.

How the guideline value of Arubadai Nagar has changed

The guideline value of Arubadai Nagar has undergone several revisions over the years. The earliest recorded revision is from 2017, with a guideline value of Rs 268 per sq.ft. This figure increased to Rs 400 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 shows the guideline value at Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%, highlighting a consistent upward trend in the valuation of this property.

Guideline values in Vellanoor-2

In Vellanoor-2, there are 31 streets under the Avadi SRO with guideline values ranging from Rs 440 to Rs 1,800 per sq.ft. The median guideline value for these streets is Rs 555 per sq.ft, placing Arubadai Nagar's 2024 figure below this median.

• 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)
• Bhavani Nagar: Rs 555 per sq.ft (2024)
• Chelliyamman Nagar Phase - I: Rs 440 per sq.ft (2024)
• Gajalakshmi 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, while the registration fee at 2% would be Rs 8,800, leading to a total cost of Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arubadai Nagar?

Arubadai Nagar falls under the jurisdiction of the Avadi Sub Registrar Office. 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-2

The guideline value plays a crucial role when buying or selling property in Vellanoor-2. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property transactions.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This process helps in maintaining a fair valuation of properties within the area.

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 much has the guideline value changed over the years?

The guideline value has changed from Rs 268 per sq.ft in 2017 to Rs 440 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

What are the stamp duty and registration fees for property in Arubadai Nagar?

For a property valued at Rs 4,40,000, the stamp duty is Rs 30,800 and the registration fee is Rs 8,800, totaling Rs 39,600.

Which Sub Registrar Office covers Arubadai Nagar?

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

What is the land classification for Arubadai Nagar?

The land classification for Arubadai Nagar is Residential Class I Type - II, indicating its suitability for residential development.