Guideline Value for Arputhalaya Nagar Phase I & II

Arputhalaya Nagar Phase I & II guideline value

The current guideline value of Arputhalaya Nagar Phase I & II is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Madambakkam village, under the Selaiyur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Arputhalaya Nagar Phase I & II has changed

The guideline value for Arputhalaya Nagar Phase I & II has undergone several revisions over the years. The earliest revision available is from 2012, where the guideline value was Rs 1,000 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 670 per sq.ft, marking a decrease of 33%. In 2023, the value increased to Rs 1,000 per sq.ft, and in the latest 2024 revision, it rose again to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. Overall, comparing the years 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, positioning Arputhalaya Nagar Phase I & II below this median.

• Aravind Nagar Kumaraswamy Nagar Joint Road: Rs 2,200 per sq.ft (2024)
• Arvind Nagar: Rs 2,750 per sq.ft (2024)
• Arvind Nagar 1st Cross Street: Rs 2,750 per sq.ft (2024)
• Arvind Nagar 1st Street: Rs 2,750 per sq.ft (2024)
• Arvind Nagar 2nd Cross Street: Rs 2,750 per sq.ft (2024)
• Arvind Nagar 2nd Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Arputhalaya Nagar Phase I & II

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 charged at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost together to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Arputhalaya Nagar Phase I & II?

The Sub Registrar Office that covers Arputhalaya Nagar Phase I & II is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Madambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Arputhalaya Nagar Phase I & II?

The current guideline value of Arputhalaya Nagar Phase I & II 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 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Arputhalaya Nagar Phase I & II?

Arputhalaya Nagar Phase I & II is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles the registration for Arputhalaya Nagar Phase I & II?

The Selaiyur Sub Registrar Office handles the registration for Arputhalaya Nagar Phase I & II, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.