Guideline Value for ARUL BABUNAGAR

Arul Babunagar guideline value

The current guideline value of Arul Babunagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Meyur village, under the Oothukkottai SRO, and is classified as Residential Class I Type - I.

How the guideline value of Arul Babunagar has changed

The guideline value for Arul Babunagar has seen several revisions over the years. The 2012 revision set the value at Rs 80 per sq.ft, which then decreased to Rs 54 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 100 per sq.ft, marking an 85% rise. The 2023 revision maintained this value, and the 2024 revision also set it at Rs 100 per sq.ft, resulting in no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, comparing the 2012 revision to the 2024 revision, there has been a 25% increase in the guideline value.

Guideline values in Meyur

In Meyur, there are 12 streets under the Oothukkottai SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 150 per sq.ft, with the median being Rs 100 per sq.ft. The guideline value for Arul Babunagar is equal to this median.

• Angalamman Nagar: Rs 100 per sq.ft (2024)
• K R C Nagar: Rs 100 per sq.ft (2024)
• Meyur Madarn City: Rs 100 per sq.ft (2024)
• Rv Nagar: Rs 100 per sq.ft (2024)
• Sri Balaji Avenue: Rs 100 per sq.ft (2024)
• Sri Muthappa Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Arul Babunagar

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 amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arul Babunagar?

The Oothukkottai Sub Registrar Office covers Arul Babunagar and is located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is an important factor during the registration of property transactions in Meyur. It serves as a benchmark for calculating the stamp duty and registration fees that buyers and sellers must pay when transferring property ownership.

When you buy or sell property in Arul Babunagar, the guideline value will determine the minimum amount on which these fees are calculated. This ensures that the transaction is registered at a value that reflects the official rates set by the government.

Frequently asked questions

What is the current guideline value of Arul Babunagar?

The current guideline value of Arul Babunagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 80 per sq.ft in 2012 to Rs 54 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023 and remained the same in 2024.

What is the land classification of Arul Babunagar?

Arul Babunagar is classified as Residential Class I Type - I.

Where is the Oothukkottai Sub Registrar Office located?

The Oothukkottai Sub Registrar Office is located near the government hospital in Uthukottai, 602026, Chennai registration zone.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 100 per sq.ft would incur a total stamp duty and registration fee of Rs 9,000.