Guideline Value for Araganathan Nagar (All Streets near Krishna Nagar)

Araganathan Nagar (All Streets near Krishna Nagar) guideline value

The current guideline value for Araganathan Nagar (All Streets near Krishna Nagar) is Rs 2,530 per sq.ft, effective from 1 July 2024. This area is located in Pammal village under the Pammal SRO and is classified as Residential Class I Type - I.

How the guideline value of Araganathan Nagar (All Streets near Krishna Nagar) has changed

The guideline value for Araganathan Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 200 per sq.ft. This figure increased to Rs 226 per sq.ft in 2003, marking a 13% rise. The value further rose to Rs 570 per sq.ft in 2007, which represented a substantial increase of 152%. By 2017, the guideline value had reached Rs 1,541 per sq.ft, reflecting a 170% increase from the previous revision.

In 2023, the guideline value was set at Rs 2,300 per sq.ft, showing a 49% increase from 2017. The most recent revision in 2024 brought the value to Rs 2,530 per sq.ft, which is a 10% increase from the previous year. It is important to note that there is no figure available for the year 2012 in the register for this street.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median value is Rs 2,090 per sq.ft, and the guideline value for Araganathan Nagar is above this median.

• Appu Street (samundeswari Nagar): Rs 1,760 per sq.ft (2024)
• Appuduari Street(Sivashankaran Nagar): Rs 1,980 per sq.ft (2024)
• Appadurai Street, Sivasankaran Nagar: Rs 1,980 per sq.ft (2024)
• Aravindar Street (V.O.C.Nagar): Rs 2,750 per sq.ft (2024)
• Argeeswarar Colony 1st Street: Rs 1,980 per sq.ft (2024)
• Argeeswarar Colony 2nd Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Araganathan Nagar (All Streets near Krishna Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value amounts to Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total to Rs 2,27,700. It is important to note that 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 details.

Which Sub Registrar Office covers Araganathan Nagar (All Streets near Krishna Nagar)?

The Sub Registrar Office that covers Araganathan Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Pammal. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these charges are based on a standardized value rather than the sale price alone.

When a property is registered, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and consistency in property transactions within the Pammal area.

Frequently asked questions

What is the current guideline value for Araganathan Nagar?

The current guideline value for Araganathan Nagar (All Streets near Krishna Nagar) is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 200 per sq.ft in 2002 to Rs 2,530 per sq.ft in 2024, which is an overall increase of 1165% over the years.

What is the median guideline value for streets in Pammal?

The median guideline value for the 926 streets in Pammal under the Pammal SRO is Rs 2,090 per sq.ft, with Araganathan Nagar's value being above this median.

What are the stamp duty and registration fees for property in Araganathan Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 25,30,000. The stamp duty is Rs 1,77,100, and the registration fee is Rs 50,600, totaling Rs 2,27,700.

Where is the Sub Registrar Office for Araganathan Nagar located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.