Guideline Value for Arthi Nagar

Arthi Nagar guideline value

The current guideline value of Arthi Nagar is Rs 2,400 per sq.ft, effective from 1 July 2024. This locality is part of Selaiyur village, under the Selaiyur SRO, and is classified as Residential Special Type - II.

How the guideline value of Arthi Nagar has changed

The guideline value for Arthi Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2012. However, this figure dropped to Rs 1,474 per sq.ft in 2017. The 2023 revision saw an increase to Rs 2,200 per sq.ft, followed by a further increase to Rs 2,400 per sq.ft in 2024, marking a 9% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 500%. The revisions for the years 2002 and 2003 do not have figures listed for this street in the register.

Guideline values in Selaiyur

In Selaiyur village, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Arthi Nagar is above this median, indicating a higher valuation compared to many other streets in the area.

• Arumuganar Street: Rs 2,200 per sq.ft (2024)
• A.P.N. Nagar: Rs 2,200 per sq.ft (2024)
• Antony Street: Rs 1,100 per sq.ft (2024)
• Antony Pillai Street: Rs 1,300 per sq.ft (2024)
• Asiriyar Street: Rs 1,900 per sq.ft (2024)
• Anna Street: Rs 2,900 per sq.ft (2024)

Stamp duty and registration fee for property in Arthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total fees to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Arthi Nagar?

The Sub Registrar Office that covers Arthi Nagar 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Selaiyur. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property transaction occurs, the guideline value ensures that the government receives appropriate revenue through stamp duty. Buyers and sellers must consider the guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Arthi Nagar?

The current guideline value of Arthi Nagar is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, representing an overall increase of 500% over the years.

What is the land classification of Arthi Nagar?

Arthi Nagar is classified as Residential Special Type - II, indicating its suitability for residential development.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated in Arthi Nagar?

Stamp duty in Arthi Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2%.