Guideline Value for Arul Jothi Nagar

Arul Jothi Nagar guideline value

The current guideline value of Arul Jothi Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024. This area is located in Kunrathour-B village and falls under the Kunrathur SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Arul Jothi Nagar has changed

The guideline value for Arul Jothi Nagar has seen several revisions over the years. In the 2017 revision, the value was set at Rs 737 per sq.ft. This increased significantly to Rs 1,100 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the value to Rs 1,210 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value in this area is Rs 1,540 per sq.ft, placing Arul Jothi Nagar's 2024 figure below that median.

• Arulmurugan Nagar: Rs 1,210 per sq.ft (2024)
• Arumugam Nagar: Rs 1,760 per sq.ft (2024)
• Arignar Anna Street I St.,: Rs 660 per sq.ft (2024)
• Arignar Anna Street II St.,: Rs 660 per sq.ft (2024)
• Arignar Anna Street III St.,: Rs 660 per sq.ft (2024)
• Arignar Anna Street: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Arul Jothi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty at 7% would amount to Rs 84,700, and the registration fee at 2% would be Rs 24,200, bringing the total to Rs 1,08,900. It is essential to note that duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arul Jothi Nagar?

The Sub Registrar Office covering Arul Jothi Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is an essential factor in the registration process when buying or selling property in Kunrathour-B. It serves as a reference point for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official value set by the Registration Department.

Frequently asked questions

What is the current guideline value of Arul Jothi Nagar?

The current guideline value of Arul Jothi Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 64%, rising from Rs 737 per sq.ft to the current Rs 1,210 per sq.ft in 2024.

What were the guideline values in the previous revisions?

The guideline values in previous revisions were Rs 737 per sq.ft in 2017, Rs 1,100 per sq.ft in 2023, and there are no figures for the years 2002, 2003, 2007, and 2012 for this street.

What is the stamp duty rate for property in Arul Jothi Nagar?

The stamp duty rate for property in Arul Jothi Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Arul Jothi Nagar?

The Sub Registrar Office for Arul Jothi Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.