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_C village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Arabindo Nagar has changed

Over the years, the guideline value of Arabindo Nagar has seen several revisions. The most recent revision in 2024 maintains the value at Rs 200 per sq.ft, the same as in 2023. Prior to that, the guideline value was Rs 134 per sq.ft in 2017, marking a significant increase of 49% from 2017 to 2023 and an overall increase of 49% from 2017 to 2024. The register has no figures for the revisions in 2012, 2007, 2003, and 2002 for this street.

Guideline values in Vadakal_C

In Vadakal_C, there are 61 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, placing Arabindo Nagar's 2024 figure 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)
• Adhiparasakthi Nagar: Rs 400 per sq.ft (2024)
• Colony Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Arabindo Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total 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, making the total cost for these fees 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 covering Arabindo Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during property registration in Vadakal_C. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property in the area.

When a property is registered, the guideline value is considered alongside the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the correct amounts are collected during the transaction.

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 much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 134 per sq.ft to Rs 200 per sq.ft in 2024, representing a 49% increase over this period. The value remained the same from 2023 to 2024.

What is the classification of land in Arabindo Nagar?

Arabindo Nagar is classified as Residential Class III Type - I. This classification is important for determining the guideline value and applicable regulations for property development.

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

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

How is stamp duty calculated for properties in Vadakal_C?

Stamp duty for properties in Vadakal_C is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.