Guideline Value for ARUL OLI NAGAR

Arul Oli Nagar guideline value

The current guideline value of Arul Oli Nagar is Rs 300 per sq.ft, effective from the 2024 revision. This street is located in Anupampattu village under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Arul Oli Nagar has changed

The guideline value for Arul Oli Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the 2017 revision, where it was also Rs 300 per sq.ft. However, the 2017 revision marked a significant increase from the 2017 figure of Rs 201 per sq.ft, reflecting a 49% increase from 2017 to 2023. The 2023 revision also maintained the value at Rs 300 per sq.ft, and for the 2024 revision, it remains unchanged at Rs 300 per sq.ft.

It is important to note that the register has no figure for Arul Oli Nagar for the years 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, there has been no change in the guideline value.

Guideline values in Anupampattu

In Anupampattu, there are 42 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 500 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value for Arul Oli Nagar is equal to this median.

• Annai Chandra Nagar: Rs 300 per sq.ft (2024)
• Balaji Nagar: Rs 300 per sq.ft (2024)
• Dg Nagar: Rs 400 per sq.ft (2024)
• Durai Swami Nagar: Rs 300 per sq.ft (2024)
• Golden City Ext: Rs 300 per sq.ft (2024)
• Golden City Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Arul Oli Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty, charged at 7%, would amount to Rs 21,000, while the registration fee at 2% would be Rs 6,000. Thus, the total cost for stamp duty and registration would be Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arul Oli Nagar?

The Sub Registrar Office that covers Arul Oli Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204, in the Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Anupampattu. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees. This ensures that the transaction is recorded at a value recognized by the government.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price. However, the stamp duty is calculated based on the higher of the two values, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Arul Oli Nagar?

The current guideline value of Arul Oli Nagar is Rs 300 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a significant increase from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023.

What are the other streets in Anupampattu with similar guideline values?

Other streets in Anupampattu with a guideline value of Rs 300 per sq.ft include Annai Chandra Nagar, Balaji Nagar, Durai Swami Nagar, Golden City Ext, and Golden City Nagar.

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

For a 1,000 sq.ft plot at the guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000, with a stamp duty of Rs 21,000 and a registration fee of Rs 6,000, totaling Rs 27,000.

Which office handles property registrations for Arul Oli Nagar?

The Ponneri Sub Registrar Office handles property registrations for Arul Oli Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.