Guideline Value for Arputham City

Arputham City guideline value

The current guideline value of Arputham City, located in Ayappakkam village under the Ambattur SRO, is Rs 1,700 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Arputham City has changed

The guideline value for Arputham City has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 1,700 per sq.ft, which is an increase from Rs 1,600 per sq.ft in the 2023 revision, marking a change of +6%. The register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002.

Prior to the 2023 revision, the guideline values were not available for the specified years. The 2024 value reflects a notable increase from its previous figure, indicating a change in the valuation of properties in the area.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 1,300 per sq.ft, placing the 2024 guideline value of Arputham City above this median.

• Arul Migu Magalikshmi Avenue: Rs 1,300 per sq.ft (2024)
• Apparna Nagar: Rs 1,100 per sq.ft (2024)
• Anna street(sivasakthi nagar): Rs 1,600 per sq.ft (2024)
• Asiriyar Street: Rs 880 per sq.ft (2024)
• Annanoor Railway Station Road: Rs 1,300 per sq.ft (2024)
• Annai Therasa Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Arputham City

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, leading to a total of Rs 1,53,000. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Arputham City?

The Sub Registrar Office that covers Arputham City 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 information.

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

The guideline value plays a crucial role in the registration process of property transactions in Ayappakkam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is considered to ensure that the transaction is in line with the prevailing market values. This helps maintain transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Arputham City?

The current guideline value of Arputham City is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over recent years?

The guideline value increased from Rs 1,600 per sq.ft in 2023 to Rs 1,700 per sq.ft in 2024, representing a 6% increase. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Arputham City?

The land classification for Arputham City is Residential Special Type - II, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for properties in Arputham City?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Arputham City?

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