Guideline Value for ARUL NAGAR & STREETS

Arul Nagar & Streets guideline value

The current guideline value of Arul Nagar & Streets is Rs 750 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village, under the Avadi SRO, and is classified as Residential Class II Type - III.

How the guideline value of Arul Nagar & Streets has changed

The guideline value of Arul Nagar & Streets has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 750 per sq.ft, an increase from Rs 700 per sq.ft in 2023, marking a change of +7%. Prior to that, the 2017 revision recorded a value of Rs 469 per sq.ft, which indicates a significant increase of +49% from 2017 to 2023. The overall change from 2017 to 2024 reflects an increase of +60%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only figures available are from the revisions in 2017, 2023, and 2024.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,750 per sq.ft. The median value for these streets is Rs 750 per sq.ft, which aligns with the 2024 guideline value for Arul Nagar & Streets.

• Arul Nagar Extn: Rs 750 per sq.ft (2024)
• A.R.LAYOUT alias MAJESTIC AVENUE: Rs 660 per sq.ft (2024)
• Ashok Avenue: Rs 750 per sq.ft (2024)
• Anushka Enclave Alias Varna: Rs 1,200 per sq.ft (2024)
• Antony Nagar & Streets: Rs 1,200 per sq.ft (2024)
• Antony Nagar: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Arul Nagar & Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty at 7% would amount to Rs 52,500, and the registration fee at 2% would be Rs 15,000, resulting in a total of Rs 67,500. It is important to note that the 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 Nagar & Streets?

The Sub Registrar Office that covers Arul Nagar & Streets is the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruninravur-A. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Arul Nagar & Streets?

The current guideline value of Arul Nagar & Streets is Rs 750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 469 per sq.ft to Rs 750 per sq.ft in 2024, marking an overall change of +60%.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in this area is set at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Arul Nagar & Streets?

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

What is the median guideline value in Thiruninravur-A?

The median guideline value for the 382 streets in Thiruninravur-A is Rs 750 per sq.ft, which is the same as the guideline value for Arul Nagar & Streets.