Guideline Value for ARUNAGIRI NADAR ST

Arunagiri Nadar St guideline value

The current guideline value of Arunagiri Nadar St is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Arunagiri Nadar St has changed

The guideline value for Arunagiri Nadar St has seen several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which was then reduced to Rs 603 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 900 per sq.ft, and the latest 2024 revision has further raised it to Rs 950 per sq.ft, marking a 6% increase from the previous year.

In terms of percentage changes, from 2017 to 2023, there was a significant increase of 49%. The overall change from the 2012 revision to the 2024 revision shows a modest increase of 6%. The guideline value register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft. The median value for these streets is Rs 1,625 per sq.ft, placing Arunagiri Nadar St's 2024 figure below that median.

• Arunthathi Palayam 1st Street: Rs 2,050 per sq.ft (2024)
• Arunthathi Palayam 2nd Street: Rs 2,050 per sq.ft (2024)
• Arunthathi Palayam 3rd Street: Rs 2,050 per sq.ft (2024)
• Arunthathi Palayam 4th Street: Rs 2,050 per sq.ft (2024)
• Arunthathi Palayam Main Road: Rs 2,050 per sq.ft (2024)
• Arunthathi Puram: Rs 950 per sq.ft (2024)

Stamp duty and registration fee for property in Arunagiri Nadar St

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value would be Rs 9,50,000. The stamp duty at 7% would amount to Rs 66,500, and the registration fee at 2% would be Rs 19,000, leading to a total of Rs 85,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Arunagiri Nadar St?

The Arunagiri Nadar St is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Paruthipattu. It serves as the minimum value for which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps establish a baseline for negotiations. Buyers and sellers must consider this value to ensure compliance with legal requirements and to avoid disputes during the registration process.

Frequently asked questions

What is the current guideline value of Arunagiri Nadar St?

The current guideline value of Arunagiri Nadar St is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then back to Rs 900 per sq.ft in 2023, and is now Rs 950 per sq.ft in 2024.

What is the classification of land on Arunagiri Nadar St?

Arunagiri Nadar St is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Arunagiri Nadar St?

The Avadi Sub Registrar Office covers Arunagiri Nadar St and is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% and registration fees at 2% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft property at Rs 950 per sq.ft incurs total fees of Rs 85,500.