Guideline Value for ARUL NAGAR & STREETS

Arul Nagar & Streets guideline value

The current guideline value of Arul Nagar & Streets is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-B village under the Avadi SRO, classified as Residential Class II Type - III.

How the guideline value of Arul Nagar & Streets has changed

In the 2017 revision, the guideline value was Rs 469 per sq.ft. This increased to Rs 700 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 has set the value at Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has risen by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft. The median value is Rs 770 per sq.ft, which is equal to the current guideline value for Arul Nagar & Streets.

• Arul Nagar Extn: Rs 770 per sq.ft (2024)
• A.R.LAYOUT alias MAJESTIC AVENUE: Rs 990 per sq.ft (2024)
• Ashok Avenue: Rs 770 per sq.ft (2024)
• Anushka Enclave Alias Varna: Rs 660 per sq.ft (2024)
• Antony Nagar & Streets: Rs 1,190 per sq.ft (2024)
• Antony Nagar: Rs 1,190 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 rate of Rs 770 per sq.ft, the guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, totaling Rs 69,300. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Arul Nagar & Streets?

The Sub Registrar Office that covers Arul Nagar & Streets is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor during the registration of property transactions in Thiruninravur-B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, it is crucial to understand that the guideline value affects the overall cost of the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on this value or the sale price, whichever is higher.

Frequently asked questions

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

The current guideline value of Arul Nagar & Streets is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 469 per sq.ft to Rs 770 per sq.ft in 2024, marking a total rise of 64% over the years.

What are the stamp duty and registration fees for property in Arul Nagar & Streets?

For a 1,000 sq.ft plot at Rs 770 per sq.ft, the total guideline value is Rs 7,70,000. The stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300.

Which office handles property registrations in this area?

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

What is the land classification for Arul Nagar & Streets?

Arul Nagar & Streets is classified as Residential Class II Type - III, which is relevant for determining the guideline value and other regulatory aspects of property transactions.