Guideline Value for ARUNA NAGAR

Aruna Nagar guideline value

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

How the guideline value of Aruna Nagar has changed

In the 2017 revision, the guideline value for Aruna Nagar was set at Rs 2,000 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 2,000 per sq.ft. However, the 2024 revision saw a significant increase to Rs 3,285 per sq.ft, marking a 64% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register has no figures 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 with a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, positioning Aruna Nagar's 2024 figure above this median.

• Aruna Nagar Part-2: 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

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. 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 Aruna Nagar?

The Sub Registrar Office that covers Aruna Nagar 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 a crucial factor in property transactions in Anakaputhur, as it determines the minimum value at which properties can be registered. When you buy or sell a property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official registers.

Additionally, the guideline value serves as a reference point for both buyers and sellers, providing a basis for negotiations. It is essential to be aware of the current guideline value when engaging in property transactions to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Aruna Nagar?

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

How has the guideline value changed over the years?

The guideline value of Aruna Nagar has increased from Rs 2,000 per sq.ft in 2017 to Rs 3,285 per sq.ft in 2024, marking a 64% rise. There was no change in the 2023 revision, which also recorded Rs 2,000 per sq.ft.

What is the land classification for Aruna Nagar?

Aruna Nagar falls under the Residential Class I Type - III land classification. This classification is important for determining the permissible uses of the land.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. This office handles registrations for properties in Aruna Nagar and surrounding areas.

How is stamp duty calculated for properties in Aruna Nagar?

Stamp duty for properties in Aruna Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 32,85,000, the stamp duty would be 7% of that value.