Guideline Value for Arputham nagar

Arputham nagar guideline value

The current guideline value of Arputham Nagar is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in Pulikoradu village under the Tambaram Joint 1 SRO and is classified as Residential Class II Type - III.

How the guideline value of Arputham nagar has changed

The guideline value for Arputham Nagar has experienced several revisions over the years. The earliest recorded revision was in 2007, where the guideline value was Rs 200 per sq.ft. This increased significantly to Rs 600 per sq.ft in 2012, marking a 200% rise. The value then rose to Rs 800 per sq.ft in 2023, reflecting a 33% increase from the previous revision. The most recent revision in 2024 set the guideline value at Rs 880 per sq.ft, which is a 10% increase from 2023.

There are no figures available in the register for the years 2002, 2003, and 2017 for this street. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Pulikoradu

Pulikoradu village has a total of 62 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 880 per sq.ft, which matches the 2024 figure for Arputham Nagar.

• Anna Street: Rs 880 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,650 per sq.ft (2024)
• Amman Koil Street Vettian Kulam: Rs 880 per sq.ft (2024)
• Amman Koil Street: Rs 880 per sq.ft (2024)
• Ambedhkar Nagar: Rs 880 per sq.ft (2024)
• Bharathi Nagar: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Arputham nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total charges 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arputham nagar?

The Sub Registrar Office that covers Arputham 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 Pulikoradu

The guideline value is a crucial factor in the registration of property transactions in Pulikoradu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the official value of the property as determined by the local authorities. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Arputham Nagar?

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

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 200 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting a total increase of 340% over the years.

What is the land classification of Arputham Nagar?

Arputham Nagar is classified as Residential Class II Type - III, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property in Arputham Nagar?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which office handles property registrations for Arputham Nagar?

The Tambaram Joint 1 Sub Registrar Office handles property registrations for Arputham Nagar, located at No.26, mes Road, East Tambaram, Chennai-600059.