Guideline Value for Arpudham Nagar

Arpudham Nagar guideline value

The current guideline value of Arpudham Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Kadaperi village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - II.

How the guideline value of Arpudham Nagar has changed

Over the years, the guideline value for Arpudham Nagar has seen several revisions. The most recent revision in 2024 set the guideline value at Rs 1,650 per sq.ft, an increase from Rs 1,500 per sq.ft in 2023, marking a 10% rise. Prior to that, the 2017 revision recorded a value of Rs 1,005 per sq.ft, which was a significant increase of 49% from the previous 2012 revision of Rs 1,500 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. This progression highlights the changes in the guideline value over the years, reflecting the adjustments in the local real estate landscape.

Guideline values in Kadaperi

Kadaperi village has a total of 142 streets under the Tambaram Joint 1 SRO, with the 2024 guideline values ranging from Rs 880 to Rs 7,700 per sq.ft. The median guideline value for the village is Rs 1,650 per sq.ft, which is equal to the current guideline value of Arpudham Nagar.

• Arputha Nagar Street: Rs 880 per sq.ft (2024)
• Anna Street: Rs 1,100 per sq.ft (2024)
• A.S. Rajan Nagar: Rs 1,100 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,100 per sq.ft (2024)
• Amman Koil Street: Rs 1,100 per sq.ft (2024)
• Amar Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Arpudham Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arpudham Nagar?

The Sub Registrar Office that covers Arpudham Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kadaperi, as it determines the minimum price at which a property can be registered. When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, thus preventing undervaluation.

At the time of registration, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Arpudham Nagar?

The current guideline value of Arpudham Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024, a 10% increase. It was Rs 1,005 per sq.ft in 2017, which was a 49% increase from Rs 1,500 per sq.ft in 2012.

What is the land classification of Arpudham Nagar?

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

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

The Sub Registrar Office for Arpudham Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How are stamp duty and registration fees calculated in Arpudham Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot, the total guideline value would be Rs 16,50,000, leading to a total cost of Rs 1,48,500 for stamp duty and registration fees combined.