Guideline Value for ARUL NAGAR EXTN

Arul Nagar Extn guideline value

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

How the guideline value of Arul Nagar Extn has changed

The guideline value for Arul Nagar Extn has seen several revisions over the years. The 2017 revision set the value at Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent 2024 revision has further increased the guideline value to Rs 750 per sq.ft, reflecting a 7% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 60%. 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-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 is equal to the current guideline value of Arul Nagar Extn.

• Arul Nagar & Streets: 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 Extn

For a 1,000 sq.ft plot at the current guideline value, the total guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total costs together to 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 Extn?

The Sub Registrar Office that covers Arul Nagar Extn is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Thiruninravur-A. It is used to determine the stamp duty and registration fees that are payable when a property is bought or sold. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

When registering a property, the guideline value is considered to ascertain the applicable fees. It is essential to check the latest figures to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Arul Nagar Extn?

The current guideline value of Arul Nagar Extn is Rs 750 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 750 per sq.ft in 2024, representing an overall increase of 60%.

What is the land classification of Arul Nagar Extn?

Arul Nagar Extn is classified as Residential Class II Type - III under the Avadi SRO.

What are the stamp duty and registration fees for a property in Arul Nagar Extn?

For a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500 and the registration fee would be Rs 15,000, totaling Rs 67,500.

Where is the Sub Registrar Office for Arul Nagar Extn located?

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