Guideline Value for ARUTPRAKAS VALLALAR NAGAR

Arutprakas Vallalar Nagar guideline value

The current guideline value of Arutprakas Vallalar Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Ariyanvoyal village under the Ponneri Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Arutprakas Vallalar Nagar has changed

The guideline value for Arutprakas Vallalar Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which then decreased to Rs 201 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 300 per sq.ft, and the current 2024 revision has raised it to Rs 330 per sq.ft.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. The change from 2023 to 2024 reflects a 10% increase. Overall, comparing the 2012 revision to the current 2024 revision, the guideline value has increased by 10%. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Ariyanvoyal

Ariyanvoyal village features 26 streets under the Ponneri SRO, with guideline values ranging from Rs 330 to Rs 880 per sq.ft. The median value is Rs 330 per sq.ft, placing Arutprakas Vallalar Nagar at the median for the 2024 guideline value.

• Babu Nagar: Rs 440 per sq.ft (2024)
• Abulkalam Asath Street: Rs 440 per sq.ft (2024)
• Abulkalam Asath 3rd Street: Rs 440 per sq.ft (2024)
• Abulkalam Asath 2nd Street: Rs 440 per sq.ft (2024)
• Danal Thangavel Nagar: Rs 330 per sq.ft (2024)
• Elango Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Arutprakas Vallalar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total fees to Rs 29,700. It is important to 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 details.

Which Sub Registrar Office covers Arutprakas Vallalar Nagar?

The Sub Registrar Office that covers Arutprakas Vallalar Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Ariyanvoyal. It is used to determine the stamp duty and registration fees that are applicable during the registration process. Buyers and sellers must ensure they are aware of the current guideline value to avoid any discrepancies during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Arutprakas Vallalar Nagar?

The current guideline value of Arutprakas Vallalar Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then increased to Rs 300 per sq.ft in 2023, and finally to Rs 330 per sq.ft in 2024.

What is the land classification of Arutprakas Vallalar Nagar?

Arutprakas Vallalar Nagar is classified as Residential Class II Type - I.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the stamp duty calculated for properties in Arutprakas Vallalar Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 3,30,000, the stamp duty at 7% would be Rs 23,100.