Guideline Value for Arivolinagar

Arivolinagar guideline value

The current guideline value of Arivolinagar, located in Thirumazhisai village under the Poonamallee SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Arivolinagar has changed

The guideline value of Arivolinagar has seen several revisions over the years. In 2007, the value was Rs 150 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a rise of 567%. However, from 2012 to 2017, the value decreased to Rs 670 per sq.ft, a drop of 33%. The value then increased again to Rs 1,000 per sq.ft in 2023, and subsequently rose to Rs 1,100 per sq.ft in the 2024 revision, reflecting a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 633%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Thirumazhisai

In Thirumazhisai, there are 86 streets under the Poonamallee SRO with a 2024 guideline value ranging from Rs 730 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, placing Arivolinagar's 2024 figure below this median.

• A.S.R City: Rs 1,320 per sq.ft (2024)
• A.S.R In Papa City: Rs 1,320 per sq.ft (2024)
• Athukkal street: Rs 1,100 per sq.ft (2024)
• Anbu nagar 106,109,110,111,126,137: Rs 1,100 per sq.ft (2024)
• Balajinagar 100/1,100/2A: Rs 1,100 per sq.ft (2024)
• Balaji nagar (140,143,144/1,98,100): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Arivolinagar

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the 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 Arivolinagar?

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

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

The guideline value plays a crucial role in property transactions in Thirumazhisai, as it is the basis for calculating stamp duty and registration fees. When a property is sold or bought, the guideline value is referred to determine the applicable charges, ensuring transparency in the transaction process.

Frequently asked questions

What is the current guideline value of Arivolinagar?

The current guideline value of Arivolinagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 150 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 633% over the years.

What is the land classification for Arivolinagar?

Arivolinagar is classified as Residential Special Type - I, which influences its guideline value and property transactions.

Where can I find the Sub Registrar Office for Arivolinagar?

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

How is stamp duty calculated for properties in Arivolinagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 11,00,000 would incur a stamp duty of Rs 77,000 at the rate of 7%.