Guideline Value for Ariyalur Colony

Ariyalur Colony guideline value

The current guideline value for Ariyalur Colony, located in Ariyalur village under the Redhills SRO, is Rs 1,008 per sq.ft, effective from 1 July 2024. This area falls under Residential Class III Type - I land classification.

How the guideline value of Ariyalur Colony has changed

The guideline value for Ariyalur Colony has undergone several revisions over the years. The 2007 revision set the value at Rs 100 per sq.ft. This was followed by a significant increase in 2012, where the value was revised to Rs 150 per sq.ft. However, in 2017, the value increased further to Rs 100 per sq.ft again. The 2023 revision saw another jump to Rs 150 per sq.ft, and the most recent revision in 2024 brought the value up to Rs 1,008 per sq.ft, marking a 572% increase from the previous year.

In terms of percentage changes, the value increased by 50% from 2017 to 2023. The 2012 to 2017 period saw a decrease of 33%. From 2007 to 2012, there was a 50% increase. Overall, from 2007 to 2024, the guideline value has risen by 908%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ariyalur

Ariyalur village has 24 streets under the Redhills SRO that carry a guideline value for 2024, ranging from Rs 1,002 to Rs 1,008 per sq.ft, with a median value of Rs 1,002 per sq.ft. The guideline value for Ariyalur Colony is above this median.

• Appiyamman Nagar: Rs 1,002 per sq.ft (2024)
• Annai Nagar: Rs 1,002 per sq.ft (2024)
• Bhakiyalakshmi Nagar: Rs 1,004 per sq.ft (2024)
• Gandhi Nagar 1st Cross Street: Rs 1,002 per sq.ft (2024)
• Gandhi Nagar 2nd Cross Street: Rs 1,002 per sq.ft (2024)
• Iswariya Nagar (Indian Bank Staff Colony): Rs 1,004 per sq.ft (2024)

Stamp duty and registration fee for property in Ariyalur Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 1,008 per sq.ft, the total guideline value would be Rs 10,08,000. The stamp duty at 7% would amount to Rs 70,560, and the registration fee at 2% would be Rs 20,160, totaling Rs 90,720. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ariyalur Colony?

The Sub Registrar Office that covers Ariyalur Colony is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Ariyalur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and consistency in property dealings.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. Buyers and sellers must be aware of the current guideline value to ensure they comply with the legal requirements during the transaction.

Frequently asked questions

What is the current guideline value of Ariyalur Colony?

The current guideline value of Ariyalur Colony is Rs 1,008 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 100 per sq.ft in 2007 to Rs 1,008 per sq.ft in 2024, marking an overall increase of 908% over the years.

What is the stamp duty rate for properties in Ariyalur Colony?

The stamp duty rate for properties in Ariyalur Colony is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Ariyalur Colony located?

The Sub Registrar Office for Ariyalur Colony is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What are the other streets in Ariyalur with guideline values?

Other streets in Ariyalur under the Redhills SRO have guideline values ranging from Rs 1,002 to Rs 1,004 per sq.ft for 2024, with Ariyalur Colony being above the median value.