Guideline Value for Arputha Nagar Street

Arputha Nagar Street guideline value

The current guideline value of Arputha Nagar Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Kadaperi village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Arputha Nagar Street has changed

Over the years, the guideline value of Arputha Nagar Street has seen several revisions. The 2007 revision set the value at Rs 300 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012, marking a 167% rise. However, the value decreased to Rs 536 per sq.ft in the 2017 revision, reflecting a 33% drop. The value then rose to Rs 800 per sq.ft in 2023, and further increased to the current Rs 880 per sq.ft in 2024, showing a 10% increase.

From 2017 to 2023, there was a notable increase of 49%, bringing the value back to Rs 800 per sq.ft. Overall, from 2007 to 2024, the guideline value has increased by 193%. The register does not have figures for the revisions in 2002 and 2003 for this street.

Guideline values in Kadaperi

In Kadaperi, there are 142 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 7,700 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value of Arputha Nagar Street is below this median.

• Arpudham Nagar: Rs 1,650 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 Arputha Nagar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total cost for these fees to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arputha Nagar Street?

The Sub Registrar Office that covers Arputha Nagar Street 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 critical factor in property transactions in Kadaperi. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling a property, the guideline value is used to calculate stamp duty and registration fees, ensuring that these costs are aligned with the official property valuations.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. 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 Arputha Nagar Street?

The current guideline value of Arputha Nagar Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 193% over the years.

What is the land classification for Arputha Nagar Street?

Arputha Nagar Street is classified as Residential Class II Type - II, indicating its suitability for residential development.

What are the stamp duty rates for properties in this area?

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

Where can I find the Sub Registrar Office for Arputha Nagar Street?

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