Guideline Value for ARUN KOVIL NAGAR

Arun Kovil Nagar guideline value

The current guideline value for Arun Kovil Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Bunrutti A village and falls under the Walajabad SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of Arun Kovil Nagar has changed

Looking at the revisions, the guideline value for Arun Kovil Nagar has remained stable at Rs 400 per sq.ft from the 2023 revision through to the 2024 revision. In contrast, the 2017 revision recorded a guideline value of Rs 268 per sq.ft, marking a significant increase of 49% when compared to the 2023 revision.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from the 2017 revision to the current 2024 revision, there has been a 49% increase in the guideline value.

Guideline values in Bunrutti A

In Bunrutti A, there are 10 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 1,200 per sq.ft, with a median value of Rs 425 per sq.ft. Arun Kovil Nagar's 2024 guideline value is below this median.

• Indira Nagar: Rs 400 per sq.ft (2024)
• Phoenix City: Rs 1,200 per sq.ft (2024)
• Siddarth Avenue: Rs 400 per sq.ft (2024)
• Sri Chakra Gardens Farm Land: Rs 500 per sq.ft (2024)
• Sri Devi Karumari Amman Nagar: Rs 450 per sq.ft (2024)
• Sri Ponni Farm Garden: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Arun Kovil Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, while the registration fee at 2% would be Rs 8,000. Together, the total cost for stamp duty and registration would be Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arun Kovil Nagar?

The Sub Registrar Office that covers Arun Kovil Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Bunrutti A. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value can influence the final sale price, as it provides a reference point for both buyers and sellers. This ensures transparency and helps in avoiding disputes related to property valuations during registration.

Frequently asked questions

What is the current guideline value for Arun Kovil Nagar?

The current guideline value for Arun Kovil Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft from 2023 to 2024. It increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, marking a 49% increase overall from 2017 to 2024.

What are the stamp duty and registration fees for property in Arun Kovil Nagar?

For a 1,000 sq.ft plot at the guideline value of Rs 400 per sq.ft, the total guideline value is Rs 4,00,000. The stamp duty would be Rs 28,000, and the registration fee would be Rs 8,000, totaling Rs 36,000.

Which office handles registrations for Arun Kovil Nagar?

The Walajabad Sub Registrar Office handles registrations for Arun Kovil Nagar. It is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

What is the significance of the guideline value when buying property?

The guideline value is significant as it serves as a reference for calculating stamp duty and registration fees during property transactions. It helps ensure that property valuations are transparent and fair during the registration process.