Guideline Value for Arivoli nagar

Arivoli nagar guideline value

The current guideline value of Arivoli nagar, located in Udaiyavarkoil village under the Poonamallee SRO, is Rs 550 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Arivoli nagar has changed

The guideline value for Arivoli nagar has seen several revisions over the years. Starting from the 2003 revision, the guideline value was Rs 53 per sq.ft. This increased significantly to Rs 100 per sq.ft in 2007, marking a rise of 89%. The value then jumped to Rs 500 per sq.ft in 2012, reflecting a substantial increase of 400%. However, in the 2017 revision, the value dropped to Rs 335 per sq.ft, a decrease of 33%. The 2023 revision set the value at Rs 500 per sq.ft, which then increased to Rs 550 per sq.ft in 2024, representing a 10% rise.

There is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 938%, demonstrating significant changes over the years.

Guideline values in Udaiyavarkoil

In Udaiyavarkoil, there are 35 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 3,400 per sq.ft. The median value is Rs 550 per sq.ft, which is equal to the current guideline value for Arivoli nagar.

• A.R.K.விக்னேஷ்வரா நகர்: Rs 1,000 per sq.ft (2024)
• A.S.P.Avenue: Rs 1,000 per sq.ft (2024)
• Astalakshmi nagar: Rs 550 per sq.ft (2024)
• Athavan nagar: Rs 825 per sq.ft (2024)
• Annai Nagar: Rs 990 per sq.ft (2024)
• Bajanai Koil Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Arivoli nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty, charged at 7%, would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Arivoli nagar?

The Sub Registrar Office that covers Arivoli nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. For more information, you can find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Udaiyavarkoil. It serves as a benchmark for the registration of property transactions, ensuring that the property is registered at a value that reflects its market worth as determined by the authorities.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Arivoli nagar?

The current guideline value of Arivoli nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 53 per sq.ft in 2003 to Rs 550 per sq.ft in 2024, marking an overall increase of 938% over the years.

What is the land classification for Arivoli nagar?

Arivoli nagar falls under the Residential Class II Type - I land classification.

Where can I find the Sub Registrar Office for Arivoli nagar?

The Sub Registrar Office for Arivoli nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

How is stamp duty calculated in Arivoli nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 5,50,000, the stamp duty at 7% would be Rs 38,500.