Guideline Value for Arabindo Nagar

Arabindo Nagar guideline value

The current guideline value of Arabindo Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Vadakal village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Arabindo Nagar has changed

In the 2012 revision, the guideline value was set at Rs 200 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 134 per sq.ft. Following this, the guideline value increased significantly to Rs 200 per sq.ft in the 2023 revision, and it has remained at this level in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

Between the revisions, the changes were as follows: from 2017 to 2023, there was an increase of 49%. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has remained the same at Rs 200 per sq.ft.

Guideline values in Vadakal

In Vadakal, there are 31 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value of Arabindo Nagar is below this median.

• Amsaveni Nagar: Rs 400 per sq.ft (2024)
• Amsavalli Nagar: Rs 400 per sq.ft (2024)
• Bajanai Koil Street: Rs 300 per sq.ft (2024)
• Alamelumangapuram: Rs 400 per sq.ft (2024)
• Colony Street: Rs 150 per sq.ft (2024)
• Ganesh Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Arabindo Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arabindo Nagar?

The Sub Registrar Office that covers Arabindo Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Vadakal. It serves as a benchmark for calculating the stamp duty and registration fees that are payable when buying or selling property.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to determine the applicable duties and fees, ensuring that the transaction is recorded accurately according to government regulations.

Frequently asked questions

What is the current guideline value of Arabindo Nagar?

The current guideline value of Arabindo Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023 and 2024.

What are the other streets in Vadakal and their guideline values?

Other streets in Vadakal include Amsaveni Nagar and Amsavalli Nagar at Rs 400 per sq.ft, Bajanai Koil Street at Rs 300 per sq.ft, Alamelumangapuram at Rs 400 per sq.ft, Colony Street at Rs 150 per sq.ft, and Ganesh Nagar at Rs 500 per sq.ft.

How is stamp duty calculated in Arabindo Nagar?

Stamp duty in Arabindo Nagar is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the guideline value of Rs 200 per sq.ft would incur a total of Rs 18,000 in duties and fees.

Where is the Sub Registrar Office for Arabindo Nagar located?

The Sub Registrar Office for Arabindo Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.