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 area is located in Vadakal_B village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Arabindo Nagar has changed

The guideline value for Arabindo Nagar has seen several revisions over the years. The earliest recorded figure is from the 2017 revision at Rs 134 per sq.ft. From 2017 to 2023, the value increased by 49%, maintaining the same rate of Rs 200 per sq.ft in the 2023 revision. The 2024 revision also lists the guideline value at Rs 200 per sq.ft, showing no change from the previous year.

Notably, there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 49%.

Guideline values in Vadakal_B

In Vadakal_B, there are 34 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,900 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Arabindo Nagar's 2024 figure below that 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 of Rs 200 per sq.ft, the guideline value amounts to 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, bringing the total to Rs 18,000. 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 details.

Which Sub Registrar Office covers Arabindo Nagar?

The Sub Registrar Office covering 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 further assistance.

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

The guideline value plays a crucial role in the registration of property transactions in Vadakal_B. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold, the guideline value is used to calculate the stamp duty based on the higher of the guideline value or the actual sale price. This ensures that the government receives the appropriate revenue from property transactions.

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 remained at Rs 200 per sq.ft since the 2023 revision, with a 49% increase from Rs 134 per sq.ft in 2017.

What are the guideline values of other streets in Vadakal_B?

Other streets in Vadakal_B have varying guideline values, ranging from Rs 150 to Rs 1,900 per sq.ft. The median value for these streets is Rs 300 per sq.ft.

How is the stamp duty calculated for properties in Arabindo Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 2,00,000 incurs a stamp duty of Rs 14,000.

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

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