Guideline Value for ARUNODHAYA NAGAR

Arunodhaya Nagar guideline value

The current guideline value of Arunodhaya Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Aatrambakkam village under the Oothukkottai SRO, classified as Residential Class I Type - I.

How the guideline value of Arunodhaya Nagar has changed

The guideline value for Arunodhaya Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 67 per sq.ft, which remained unchanged at Rs 100 per sq.ft in the 2023 revision. The latest revision in 2024 also maintains the value at Rs 100 per sq.ft, resulting in a 49% increase from the 2017 figure.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The guideline value has remained stable from 2023 to 2024, showing no percentage change.

Guideline values in Aatrambakkam

Aatrambakkam village has a range of guideline values across its streets, with seven streets under the Oothukkottai SRO carrying a 2024 figure from Rs 100 to Rs 400 per sq.ft. The median guideline value for these streets is Rs 100 per sq.ft, placing Arunodhaya Nagar at the median value.

• Sairam Garden -Phase-I: Rs 100 per sq.ft (2024)
• Sairam Garden -Phase-II: Rs 100 per sq.ft (2024)
• Sri Sai Ranga Nagar: Rs 100 per sq.ft (2024)
• Vgp Thirunagar: Rs 100 per sq.ft (2024)
• Mani Nagar: Rs 400 per sq.ft (2024)
• பெயரிடபடாத மனைப்பிரிவு: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Arunodhaya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, leading to a total of Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Arunodhaya Nagar?

The Sub Registrar Office that covers Arunodhaya Nagar is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Aatrambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the transaction.

Frequently asked questions

What is the current guideline value of Arunodhaya Nagar?

The current guideline value of Arunodhaya Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What are the other streets in Aatrambakkam with guideline values?

Other streets in Aatrambakkam include Sairam Garden -Phase-I, Sairam Garden -Phase-II, Sri Sai Ranga Nagar, Vgp Thirunagar, Mani Nagar, and பெயரிடபடாத மனைப்பிரிவு, with values ranging from Rs 100 to Rs 400 per sq.ft.

What is the stamp duty rate for properties in Arunodhaya Nagar?

The stamp duty rate for properties in Arunodhaya Nagar is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Where can I find the Sub Registrar Office for Arunodhaya Nagar?

The Sub Registrar Office for Arunodhaya Nagar is located at the Oothukkottai Sub Registrar Office, near the government hospital in Uthukottai, 602026, Chennai registration zone.