Guideline Value for ARUL A.S.K NAGAR

Arul A.S.K Nagar guideline value

The current guideline value of Arul A.S.K Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under Erayur village and is governed by the Tiruvallur Joint 1 SRO. The land classification for this locality is Residential Class V Type - III.

How the guideline value of Arul A.S.K Nagar has changed

The guideline value for Arul A.S.K Nagar has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 100 per sq.ft. This remained the same until the next revision in 2017, where it decreased to Rs 67 per sq.ft. Following this, the value increased to Rs 100 per sq.ft in the 2023 revision and has remained at this figure into the 2024 revision.

From 2017 to 2023, there was a significant increase of 49%. However, between 2012 and 2017, the guideline value decreased by 33%. Overall, from 2012 to 2024, there has been no change in the guideline value, remaining at Rs 100 per sq.ft.

Guideline values in Erayur

In addition to Arul A.S.K Nagar, there are other streets in Erayur under the Tiruvallur Joint 1 SRO. The guideline values for these streets are as follows:

• Shanvika Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Arul A.S.K Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value would be Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, together amounting to Rs 9,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arul A.S.K Nagar?

The Sub Registrar Office that covers Arul A.S.K Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Erayur. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value, as the higher of the two will be used to calculate the applicable fees. This ensures that the transaction is compliant with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Arul A.S.K Nagar?

The current guideline value of Arul A.S.K Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen revisions from Rs 100 per sq.ft in 2012, decreasing to Rs 67 per sq.ft in 2017, and then increasing back to Rs 100 per sq.ft in 2023 and 2024.

What is the land classification for Arul A.S.K Nagar?

The land classification for Arul A.S.K Nagar is Residential Class V Type - III.

What are the stamp duty and registration fees for a property in Arul A.S.K Nagar?

For a 1,000 sq.ft plot at the guideline value of Rs 100 per sq.ft, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000.

Which office handles registrations for Arul A.S.K Nagar?

The Tiruvallur Joint 1 Sub Registrar Office handles registrations for Arul A.S.K Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.