Guideline Value for Arjun Nagar

Arjun Nagar guideline value

The current guideline value of Arjun Nagar, located in Thirumullaivoyal village under the Ambattur SRO, is Rs 2,700 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Arjun Nagar has changed

The guideline value for Arjun Nagar has undergone several revisions over the years. In 2002, the guideline value was Rs 88 per sq.ft. This figure increased to Rs 110 per sq.ft in 2003, marking a 25% rise. The value saw a significant jump to Rs 200 per sq.ft in 2007, reflecting an 82% increase. By 2012, the guideline value was Rs 2,500 per sq.ft, which was a substantial increase of 1,150%. However, it then decreased to Rs 1,675 per sq.ft in 2017, resulting in a 33% drop. The value rose again to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,700 per sq.ft as of the 2024 revision, which is an 8% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by an impressive 2,968%. The revisions from 2017 to 2023 show a 49% increase, highlighting the fluctuations in the guideline value over the years.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median value is Rs 2,400 per sq.ft, positioning Arjun Nagar's 2024 figure above this median.

• Arjuna Nagar Extn: Rs 2,700 per sq.ft (2024)
• Appar street (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Aruna Nagar: Rs 990 per sq.ft (2024)
• Asath Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Anuman Nagar V.O.C. Street: Rs 1,600 per sq.ft (2024)
• Anuman Nagar Periyar Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Arjun Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000. Together, the total cost for stamp duty and registration fees would be Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arjun Nagar?

The Sub Registrar Office that covers Arjun Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately.

When engaging in a property transaction, it is essential to be aware of the guideline value, as it impacts the overall cost of registration. Buyers and sellers should consult the latest guideline values to ensure compliance with local regulations and to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Arjun Nagar?

The current guideline value of Arjun Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 88 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 2,968% over this period.

What is the stamp duty rate for properties in Arjun Nagar?

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

Where is the Sub Registrar Office for Arjun Nagar located?

The Sub Registrar Office for Arjun Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What are the other streets with guideline values in Thirumullaivoyal?

Other streets in Thirumullaivoyal include Arjuna Nagar Extn, Appar street (Senthil Nagar), Aruna Nagar, Asath Street (Senthil Nagar), Anuman Nagar V.O.C. Street, and Anuman Nagar Periyar Street, each with their respective guideline values for 2024.