Guideline Value for ARUL GARDEN PHASE 3

Arul Garden Phase 3 guideline value

The current guideline value of Arul Garden Phase 3 is Rs 442 per sq.ft, effective from 1 July 2024. This property is located in Netteri village and falls under the Kanchipuram Joint I SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Arul Garden Phase 3 has changed

The guideline value for Arul Garden Phase 3 has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 442 per sq.ft, which is an increase of 10% from the 2023 figure of Rs 402 per sq.ft. The register does not have figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, there were no recorded figures for Arul Garden Phase 3 in the earlier years mentioned. The 2024 value is significant as it reflects the latest adjustments made by the Kanchipuram Joint I SRO.

Guideline values in Netteri

In Netteri village, there are 34 streets under the Kanchipuram Joint I SRO that have a 2024 guideline value ranging from Rs 330 to Rs 800 per sq.ft, with a median value of Rs 469 per sq.ft. The guideline value for Arul Garden Phase 3 is below this median.

• Arul garden Phase 4: Rs 442 per sq.ft (2024)
• Bala Nagar: Rs 495 per sq.ft (2024)
• Aayiyappan Nagar: Rs 700 per sq.ft (2024)
• Andal Nagar: Rs 495 per sq.ft (2024)
• Arul Garden Phase I: Rs 660 per sq.ft (2024)
• Arul Garden Phase II: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Arul Garden Phase 3

For a 1,000 sq.ft plot at the current rate of Rs 442 per sq.ft, the guideline value amounts to Rs 4,42,000. The stamp duty at 7% would be Rs 30,940, and the registration fee at 2% would be Rs 8,840, bringing the total to Rs 39,780. 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 Arul Garden Phase 3?

The Sub Registrar Office that covers Arul Garden Phase 3 is the Kanchipuram Joint I Sub Registrar Office, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram - 631502, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Netteri. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When a buyer or seller engages in a transaction, the guideline value helps determine the official value of the property, which is essential for legal and financial documentation. This value is used to ensure transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Arul Garden Phase 3?

The current guideline value of Arul Garden Phase 3 is Rs 442 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

Recently, the guideline value increased from Rs 402 per sq.ft in 2023 to Rs 442 per sq.ft in 2024, marking a 10% rise.

What is the land classification for Arul Garden Phase 3?

The land classification for Arul Garden Phase 3 is Residential Class II Type - II.

How is stamp duty calculated for properties in Arul Garden Phase 3?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 30,940 at the current guideline value.

Where can I find the Sub Registrar Office for Arul Garden Phase 3?

The Sub Registrar Office for Arul Garden Phase 3 is the Kanchipuram Joint I Sub Registrar Office, located at No.52 Orikkai Madura, Udhayamangalam Village, Kanchipuram - 631502.