Guideline Value for ARUNA NAGAR PART-2

Aruna Nagar Part-2 guideline value

The current guideline value of Aruna Nagar Part-2 is Rs 3,285 per sq.ft, effective from 1 July 2024. This area is located in Anakaputhur village and falls under the Pammal SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Aruna Nagar Part-2 has changed

The guideline value for Aruna Nagar Part-2 has seen several revisions over the years. The 2017 revision set the value at Rs 2,000 per sq.ft, which remained unchanged in the 2023 revision. However, with the 2024 revision, the guideline value increased significantly to Rs 3,285 per sq.ft, marking a 64% rise from the previous year.

Looking back further, the 2017 revision was the same as the 2023 revision, with no changes noted. The overall change from the 2017 revision to the 2024 revision is also 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, indicating that the guideline value of Aruna Nagar Part-2 is above this median.

• Aruna Nagar: Rs 3,285 per sq.ft (2024)
• Arul Nagar Ist Street: Rs 2,350 per sq.ft (2024)
• Arul Nagar Ist Cross Street: Rs 1,760 per sq.ft (2024)
• Arul Nagar IInd Cross Street: Rs 1,760 per sq.ft (2024)
• Arul Nagar: Rs 1,760 per sq.ft (2024)
• Aothiyamman Koil Street 2nd Cross Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Aruna Nagar Part-2

For a 1,000 sq.ft plot at the current guideline value of Rs 3,285 per sq.ft, the total guideline value amounts to Rs 32,85,000. The stamp duty at 7% would be Rs 2,29,950, and the registration fee at 2% would be Rs 65,700, bringing the total to Rs 2,95,650. Please 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 detailed calculations.

Which Sub Registrar Office covers Aruna Nagar Part-2?

The Sub Registrar Office that covers Aruna Nagar Part-2 is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately according to government standards.

When a buyer or seller approaches the registration office, the guideline value will be assessed to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations associated with the property transaction.

Frequently asked questions

What is the current guideline value of Aruna Nagar Part-2?

The current guideline value of Aruna Nagar Part-2 is Rs 3,285 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2017 revision to the 2024 revision, the guideline value increased from Rs 2,000 per sq.ft to Rs 3,285 per sq.ft, marking a 64% rise. The 2023 revision saw no change from the 2017 figure.

What is the land classification for Aruna Nagar Part-2?

The land classification for Aruna Nagar Part-2 is Residential Class I Type - III. This classification indicates the type of development permitted in the area.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Aruna Nagar Part-2?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 3,285 per sq.ft, the total guideline value is Rs 32,85,000, resulting in a stamp duty of Rs 2,29,950.