Guideline Value for Aarthi Nagar

Aarthi Nagar guideline value

The current guideline value of Aarthi Nagar, located in Thirumullaivoyal village under the Ambattur SRO, is Rs 2,400 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Aarthi Nagar has changed

The guideline value for Aarthi Nagar has seen significant changes over the years. In 2003, the value was Rs 150 per sq.ft, which increased to Rs 200 per sq.ft in 2007, marking a 33% rise. The value then surged dramatically to Rs 2,200 per sq.ft in 2012, reflecting a substantial increase of 1000%. However, from 2012 to 2017, there was a decline to Rs 1,474 per sq.ft, a decrease of 33%. The most recent revision in 2024 set the value at Rs 2,400 per sq.ft, which is an increase of 63% from the 2017 figure.

Overall, from 2003 to 2024, the guideline value has increased by 1500%. It is important to note that there are no figures available for Aarthi Nagar in the 2023 and 2002 revisions.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median value is Rs 2,400 per sq.ft, which aligns with the guideline value of Aarthi Nagar.

• Abdulkalam Street (Subramaniam Nagar): Rs 2,400 per sq.ft (2024)
• Abirami Lane: Rs 2,400 per sq.ft (2024)
• Abirami Street (Devi Nagar): Rs 2,400 per sq.ft (2024)
• Agananoor Street (Sri Sakthi Nagar): Rs 2,400 per sq.ft (2024)
• Agasthiyar Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Aishwarya Nagar: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Aarthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total charges to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Aarthi Nagar?

Aarthi Nagar falls under the jurisdiction of the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Thirumullaivoyal. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the official value of the property, which may differ from the actual sale price. This ensures transparency in transactions and helps in maintaining a standard valuation across the region.

Frequently asked questions

What is the current guideline value of Aarthi Nagar?

The current guideline value of Aarthi Nagar is Rs 2,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 150 per sq.ft in 2003 to Rs 2,400 per sq.ft in 2024, which represents a total increase of 1500% over the period.

What are the stamp duty and registration fees for Aarthi Nagar?

For a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000 and the registration fee would be Rs 48,000, totaling Rs 2,16,000.

Which Sub Registrar Office handles registrations for Aarthi Nagar?

The Ambattur Sub Registrar Office handles registrations for Aarthi Nagar, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to calculate stamp duty and registration fees during property transactions. It ensures that the government receives the appropriate revenue and provides a standard valuation for properties in the area.