Guideline Value for ARUNAGIRI NATHAN ST

Arunagiri Nathan St guideline value

The current guideline value of Arunagiri Nathan St is Rs 1,310 per sq.ft, effective from 1 July 2024. This street is located in Vilingiyambakkam village under the Avadi SRO, classified as Residential Class III Type - I.

How the guideline value of Arunagiri Nathan St has changed

The guideline value for Arunagiri Nathan St has seen several revisions over the years. In 2012, the value was Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 804 per sq.ft. The next revision in 2023 saw a significant increase to Rs 1,200 per sq.ft, followed by the current value of Rs 1,310 per sq.ft in 2024.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. The most recent change from 2023 to 2024 reflects a 9% increase. The register has no figures for this street in the years 2002, 2003, and 2007.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 4,400 per sq.ft, with a median value of Rs 935 per sq.ft. The guideline value of Arunagiri Nathan St is above this median.

• Arignar Anna Street (M.T.H.Road North): Rs 1,310 per sq.ft (2024)
• Anna St: Rs 1,310 per sq.ft (2024)
• BABU CHETTY KALYANAMANDAPAM to MEENAKSHI THEATRE: Rs 1,650 per sq.ft (2024)
• Babuji St: Rs 935 per sq.ft (2024)
• Bajanai Koil St: Rs 935 per sq.ft (2024)
• Bakthavachalam St: Rs 1,310 per sq.ft (2024)

Stamp duty and registration fee for property in Arunagiri Nathan St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,310 per sq.ft, the total guideline value amounts to Rs 13,10,000. The stamp duty at 7% would be Rs 91,700, and the registration fee at 2% would be Rs 26,200, making the total cost for these fees Rs 1,17,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Arunagiri Nathan St?

The Sub Registrar Office that covers Arunagiri Nathan St is 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 Vilingiyambakkam

The guideline value is a crucial factor when registering property transactions in Vilingiyambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, both the buyer and seller must consider the guideline value to ensure compliance with registration requirements. This value helps in assessing the financial implications of the transaction, as the stamp duty and registration fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Arunagiri Nathan St?

The current guideline value of Arunagiri Nathan St is Rs 1,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,310 per sq.ft in 2024.

What is the land classification for Arunagiri Nathan St?

Arunagiri Nathan St is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for property in Arunagiri Nathan St?

For a property valued at Rs 13,10,000, the stamp duty would be Rs 91,700 and the registration fee would be Rs 26,200, totaling Rs 1,17,900.

Which office handles registrations for Arunagiri Nathan St?

The Avadi Sub Registrar Office handles registrations for Arunagiri Nathan St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.