Guideline Value for Arul Nagar Ist Cross Street

Arul Nagar Ist Cross Street guideline value

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

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

Over the years, the guideline value of Arul Nagar Ist Cross Street has seen significant changes. The 2017 revision recorded a guideline value of Rs 1,072 per sq.ft. This figure increased to Rs 1,600 per sq.ft in the 2023 revision, marking a rise of 49%. The most recent 2024 revision has set the guideline value at Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. The guideline value of Arul Nagar Ist Cross Street is below this median.

• Arul Nagar IInd 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 Ist 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 cost for these fees to Rs 1,58,400. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Arul Nagar Ist Cross Street?

The Sub Registrar Office that covers Arul Nagar Ist 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 additional information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Anakaputhur. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it ensures that the property is registered at a fair value according to government regulations. This helps in maintaining transparency in property transactions and ensures compliance with local laws.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,072 per sq.ft in 2017 to Rs 1,600 per sq.ft in 2023, and then to Rs 1,760 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What are the stamp duty and registration fees for property in Arul Nagar Ist Cross Street?

For a 1,000 sq.ft plot valued at Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty would be Rs 1,23,200, and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Which Sub Registrar Office is responsible for Arul Nagar Ist Cross Street?

The Pammal Sub Registrar Office is responsible for Arul Nagar Ist Cross Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees during property transactions. It ensures that properties are registered at a value compliant with government regulations, promoting transparency in the buying and selling process.