Guideline Value for Arjuna Nagar Extn

Arjuna Nagar Extn guideline value

The current guideline value of Arjuna Nagar Extn in Thirumullaivoyal village is Rs 2,700 per sq.ft, effective from 1 July 2024. This area falls under the Ambattur SRO and is classified as Residential Special Type - II.

How the guideline value of Arjuna Nagar Extn has changed

The guideline value for Arjuna Nagar Extn has seen several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, this figure dropped to Rs 1,675 per sq.ft in 2017. The value then rose to Rs 2,500 per sq.ft in 2023, before reaching the current rate of Rs 2,700 per sq.ft in 2024. The revisions for the years 2002 and 2003 have no figures available for this street.

From 2017 to 2023, the guideline value increased by 49%, while the change from 2023 to 2024 is an 8% increase. Overall, from 2007 to 2024, the guideline value has risen by 350%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, placing the current value of Arjuna Nagar Extn above this median.

• Arjun Nagar: 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 Arjuna Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Arjuna Nagar Extn?

The Sub Registrar Office that covers Arjuna Nagar Extn 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 plays a crucial role during the registration of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When you register a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Arjuna Nagar Extn?

The current guideline value of Arjuna Nagar Extn 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 increased from Rs 600 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 350% over the years.

What are the stamp duty rates for properties in Arjuna Nagar Extn?

The stamp duty for properties in Arjuna Nagar Extn is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Arjuna Nagar Extn?

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

What is the median guideline value in Thirumullaivoyal?

The median guideline value for streets in Thirumullaivoyal is Rs 2,400 per sq.ft, with Arjuna Nagar Extn's current value being above this median.