Guideline Value for Arul Avenue Phase III

Arul Avenue Phase III guideline value

The current guideline value of Arul Avenue Phase III is Rs 400 per sq.ft, effective from 1 July 2024. This property is located in Valarpuram village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Arul Avenue Phase III has changed

The guideline value for Arul Avenue Phase III has experienced several revisions over the years. In 2007, the guideline value was Rs 60 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012. However, from 2012 to 2017, there was a decline to Rs 268 per sq.ft. The value then rose to Rs 400 per sq.ft in both the 2023 and 2024 revisions, reflecting no change between these two years.

Overall, from 2007 to 2024, the guideline value has increased by 567%. The revisions for the years 2002 and 2003 do not have figures available for this street in the register.

Guideline values in Valarpuram

In Valarpuram, there are 91 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 2,025 per sq.ft, with a median of Rs 300 per sq.ft. The guideline value for Arul Avenue Phase III is above this median.

• Arakkonam Main Road: Rs 700 per sq.ft (2024)
• Ashok Nagar: Rs 200 per sq.ft (2024)
• Anna Nagar 4th Street: Rs 300 per sq.ft (2024)
• Anna Nagar 3rd Street: Rs 300 per sq.ft (2024)
• Anna Nagar 2nd Street: Rs 300 per sq.ft (2024)
• Anna Nagar 1st Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Arul Avenue Phase III

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. Please 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 calculations.

Which Sub Registrar Office covers Arul Avenue Phase III?

The Sub Registrar Office that covers Arul Avenue Phase III is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Valarpuram. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a standardized value recognized by the authorities.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Arul Avenue Phase III?

The current guideline value of Arul Avenue Phase III 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 various changes, starting from Rs 60 per sq.ft in 2007 to Rs 400 per sq.ft in 2012. It then fell to Rs 268 per sq.ft in 2017 and returned to Rs 400 per sq.ft in 2023 and 2024.

What is the land classification of Arul Avenue Phase III?

Arul Avenue Phase III is classified as Residential Class I Type - I, indicating its use for residential purposes.

Where can I find the registration office for Arul Avenue Phase III?

The registration office for Arul Avenue Phase III is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Valarpuram?

Stamp duty for properties in Valarpuram is calculated based on the higher of the guideline value or the sale price. The current rate is 7% for stamp duty and 2% for the registration fee.