Guideline Value for Aroram Nagar

Aroram Nagar guideline value

The current guideline value of Aroram Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Thiruvallur village under the Tiruvallur Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Aroram Nagar has changed

The guideline value for Aroram Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, in 2017, the value decreased to Rs 670 per sq.ft. The 2023 revision saw an increase to Rs 1,000 per sq.ft, followed by a further increase to Rs 1,100 per sq.ft in 2024. The register does not contain figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2012 to 2017 was a decrease of 33%. Notably, the 2007 to 2012 period saw a remarkable increase of 400%. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Thiruvallur

In Thiruvallur village, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a guideline value for 2024, ranging from Rs 550 to Rs 3,850 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, making Aroram Nagar's current value equal to this median.

• Aringar anna Street: Rs 550 per sq.ft (2024)
• Aringar anna Cross Street: Rs 550 per sq.ft (2024)
• Arun Excello Apartment: Rs 1,100 per sq.ft (2024)
• Assori Street: Rs 2,200 per sq.ft (2024)
• Athiyaman Street: Rs 550 per sq.ft (2024)
• Avaishanmugam Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Aroram Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aroram Nagar?

The Sub Registrar Office that covers Aroram Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Thiruvallur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. It ensures that the fees are calculated based on a standardized value set by the government.

During the registration process, the buyer must pay the stamp duty and registration fees based on the higher value between the guideline value and the sale price. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Aroram Nagar?

The current guideline value of Aroram Nagar 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 from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What is the land classification of Aroram Nagar?

Aroram Nagar is classified as Residential Class I Type - III, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Aroram Nagar?

The Sub Registrar Office for Aroram Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is the stamp duty calculated for properties in Aroram Nagar?

Stamp duty for properties in Aroram Nagar is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 77,000 at 7%.