Guideline Value for ARUN NAGAR SECTOR B

Arun Nagar Sector B guideline value

The current guideline value for Arun Nagar Sector B is Rs 220 per sq.ft, effective from 1 July 2024. This area is located in Vallur village, under the Thiruvottiyur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Arun Nagar Sector B has changed

The guideline value for Arun Nagar Sector B has seen several revisions over the years. The earliest recorded revision was in 2017, with a guideline value of Rs 134 per sq.ft. This figure increased to Rs 200 per sq.ft in 2023, marking a 49% increase. The most recent revision in 2024 set the value at Rs 220 per sq.ft, which is a 10% increase from the previous year.

There are no recorded figures for this street in the years 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Vallur

In Vallur, there are 75 streets under the Thiruvottiyur SRO that carry a guideline value for 2024, ranging from Rs 220 to Rs 551 per sq.ft. The median value is Rs 220 per sq.ft, which is the same as the guideline value for Arun Nagar Sector B.

• Aringnar Anna Nagar: Rs 220 per sq.ft (2024)
• Bagavathiyamman Nagar: Rs 220 per sq.ft (2024)
• Annai Rathinamani Avenue/ Nagar: Rs 220 per sq.ft (2024)
• Angalaamman Nagar: Rs 330 per sq.ft (2024)
• Balamurugan Nagar: Rs 220 per sq.ft (2024)
• Barathiyamman Nagar: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Arun Nagar Sector B

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty, charged at 7%, would be Rs 15,400, while the registration fee at 2% would be Rs 4,400, bringing the total fees to Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arun Nagar Sector B?

The Sub Registrar Office that covers Arun Nagar Sector B is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for additional information.

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

The guideline value is a crucial factor when registering property transactions in Vallur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the official rates set by the government. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Arun Nagar Sector B?

The current guideline value of Arun Nagar Sector B is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 134 per sq.ft to Rs 220 per sq.ft in 2024, marking an overall increase of 64%.

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

Other streets in Vallur with a 2024 guideline value of Rs 220 per sq.ft include Aringnar Anna Nagar, Bagavathiyamman Nagar, Annai Rathinamani Avenue/ Nagar, Balamurugan Nagar, and Barathiyamman Nagar.

How is stamp duty calculated for property in Arun Nagar Sector B?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would be Rs 15,400 based on the current guideline value.

Where can I find the Sub Registrar Office for Arun Nagar Sector B?

The Thiruvottiyur Sub Registrar Office covers Arun Nagar Sector B and is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.