Guideline Value for Arthanareeswarar Nagar

Arthanareeswarar Nagar guideline value

The current guideline value of Arthanareeswarar Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This locality is situated in Orathur village under the Gooduvancheri SRO, classified as Residential Special Type - I.

How the guideline value of Arthanareeswarar Nagar has changed

The guideline value for Arthanareeswarar Nagar has seen several revisions over the years. The earliest recorded revision is from 2007, where the guideline value was Rs 160 per sq.ft. This increased to Rs 400 per sq.ft in 2012, marking a significant rise of 150%. However, the value dropped to Rs 268 per sq.ft in 2017, a decrease of 33%. From 2017 to 2023, the value increased by 49%, stabilizing at Rs 400 per sq.ft. The current revision in 2024 maintains this figure, showing no change from the previous year.

It is important to note that there are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 150%.

Guideline values in Orathur

In Orathur, there are 80 streets under the Gooduvancheri SRO that have a 2024 guideline value ranging from Rs 335 to Rs 1,700 per sq.ft, with a median value of Rs 500 per sq.ft. The guideline value for Arthanareeswarar Nagar is below this median.

• Ashok Nagar: Rs 400 per sq.ft (2024)
• Babu Nagar: Rs 505 per sq.ft (2024)
• Balaji Avenue: Rs 505 per sq.ft (2024)
• Balaji Nagar: Rs 505 per sq.ft (2024)
• Ambal Nagar: Rs 400 per sq.ft (2024)
• Adhithya Garden: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Arthanareeswarar Nagar

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total Rs 36,000. It is essential 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 further assistance.

Which Sub Registrar Office covers Arthanareeswarar Nagar?

The Sub Registrar Office covering Arthanareeswarar Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Orathur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Arthanareeswarar Nagar?

The current guideline value of Arthanareeswarar Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 400 per sq.ft in 2024, which has not changed from 2023. The value increased from Rs 268 per sq.ft in 2017 and had earlier fluctuations in 2012 and 2007.

What are the stamp duty and registration fees in Arthanareeswarar Nagar?

For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty and registration fees would amount to Rs 36,000. This includes a stamp duty of Rs 28,000 and a registration fee of Rs 8,000.

Which office handles property registrations in Arthanareeswarar Nagar?

The Gooduvancheri Sub Registrar Office is responsible for property registrations in Arthanareeswarar Nagar. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees when buying or selling property. It is compared with the sale price, and the higher value is used for calculating the applicable duties.