Guideline Value for Arul Nagar Ist Street

Arul Nagar Ist Street guideline value

The current guideline value of Arul Nagar Ist Street is Rs 2,350 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, classified as Residential Class III Type - I.

How the guideline value of Arul Nagar Ist Street has changed

The guideline value for Arul Nagar Ist Street has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 1,407 per sq.ft. This increased to Rs 2,099 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 2,350 per sq.ft, reflecting a 12% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 67%.

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. The median guideline value for the village is Rs 1,980 per sq.ft, placing the 2024 figure for Arul Nagar Ist Street above this median.

• Arul Nagar Ist Cross Street: Rs 1,760 per sq.ft (2024)
• Arul Nagar IInd Cross Street: Rs 1,760 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value would be Rs 23,50,000. The stamp duty at 7% would amount to Rs 1,64,500, and the registration fee at 2% would be Rs 47,000, making the total cost for these charges Rs 2,11,500. Note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Arul Nagar Ist Street?

The Sub Registrar Office that covers Arul Nagar Ist Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees payable to the government.

When a property is registered, the guideline value is considered to ensure that the transaction is accurately reflected in official records. This value helps maintain transparency and fairness in property transactions.

Frequently asked questions

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

The current guideline value of Arul Nagar Ist Street is Rs 2,350 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,407 per sq.ft to Rs 2,350 per sq.ft in 2024, which is an overall increase of 67%.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 23,50,000, the total charges would be Rs 2,11,500.

Which office handles registrations for Arul Nagar Ist Street?

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

What is the land classification for Arul Nagar Ist Street?

Arul Nagar Ist Street is classified as Residential Class III Type - I, indicating its suitability for residential development.