Guideline Value for Arul Nagar IInd Cross Street

Arul Nagar IInd Cross Street guideline value

The current guideline value of Arul Nagar IInd Cross Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, classified as Residential Class II Type - I.

How the guideline value of Arul Nagar IInd Cross Street has changed

The guideline value for Arul Nagar IInd Cross Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,760 per sq.ft, which is an increase from Rs 1,600 per sq.ft in 2023. This reflects a change of 10%. Prior to that, in 2017, the guideline value was Rs 1,072 per sq.ft, marking a significant increase of 49% to the 2023 figure. Overall, from 2017 to 2024, the guideline value has risen by 64%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only figures available are from the revisions in 2017, 2023, and 2024.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, placing Arul Nagar IInd Cross Street's 2024 figure below that median.

• Arul Nagar Ist Cross Street: Rs 1,760 per sq.ft (2024)
• Arul Nagar Ist Street: Rs 2,350 per sq.ft (2024)
• Arul Nagar: Rs 1,760 per sq.ft (2024)
• Aruna Nagar: Rs 3,285 per sq.ft (2024)
• Aruna Nagar Part-2: Rs 3,285 per sq.ft (2024)
• Aothiyamman Koil Street 2nd Cross Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Arul Nagar IInd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Arul Nagar IInd Cross Street?

The Sub Registrar Office that covers Arul Nagar IInd Cross Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Anakaputhur

The guideline value is an important factor in property transactions in Anakaputhur. It serves as a benchmark for calculating stamp duty and registration fees during the sale of a property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to determine the applicable fees. This ensures that the transaction is recorded accurately and that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Arul Nagar IInd Cross Street?

The current guideline value of Arul Nagar IInd Cross Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased by 10% from Rs 1,600 per sq.ft in 2023 to Rs 1,760 per sq.ft in 2024. Overall, it has risen by 64% from Rs 1,072 per sq.ft in 2017 to the current value.

What is the land classification for Arul Nagar IInd Cross Street?

Arul Nagar IInd Cross Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Anakaputhur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot valued at Rs 17,60,000, the stamp duty would be calculated at 7% of this amount.