Guideline Value for Arul Nagar

Arul Nagar guideline value

The current guideline value of Arul Nagar, located in Nandhivaram village, is Rs 2,000 per sq.ft. This value is effective from the 2024 revision and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Arul Nagar has changed

The guideline value for Arul Nagar has seen several revisions over the years. In 2002, the value was Rs 89 per sq.ft, which increased significantly to Rs 627 per sq.ft in 2007, marking a change of +604%. The value then rose to Rs 2,000 per sq.ft in 2012, reflecting a substantial increase of +219%. However, the value decreased to Rs 1,340 per sq.ft in 2017, a drop of -33%. The most recent revisions in 2023 and 2024 have kept the guideline value stable at Rs 2,000 per sq.ft, showing no change from the previous year.

It is important to note that there is no figure available for Arul Nagar in the 2003 revision. Overall, from 2002 to 2024, the guideline value has increased by +2147%, demonstrating significant growth over the years.

Guideline values in Nandhivaram

Nandhivaram village has a total of 169 streets under the Gooduvancheri SRO, with 2024 guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,500 per sq.ft, placing Arul Nagar's 2024 figure above that median.

• Bagavathi Nagar: Rs 1,200 per sq.ft (2024)
• Bajanaikovil Street: Rs 1,200 per sq.ft (2024)
• Balaji Avenue: Rs 1,500 per sq.ft (2024)
• Balaji Avenue Extn.: Rs 1,500 per sq.ft (2024)
• Balaji Nagar: Rs 1,500 per sq.ft (2024)
• Amudham Colony: Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Arul Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, bringing the total fees together to Rs 1,80,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, please use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arul Nagar?

The Sub Registrar Office covering Arul Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Nandhivaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair price.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are essential for completing the registration process legally and accurately.

Frequently asked questions

What is the current guideline value of Arul Nagar?

The current guideline value of Arul Nagar is Rs 2,000 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 89 per sq.ft to Rs 2,000 per sq.ft in 2024, reflecting an overall increase of +2147% over the years.

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

For a property valued at Rs 20,00,000, the stamp duty would be Rs 1,40,000 and the registration fee would be Rs 40,000, totaling Rs 1,80,000.

Which Sub Registrar Office covers Arul Nagar?

The Gooduvancheri Sub Registrar Office covers Arul Nagar, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvanchery-603202, Chengalpattu registration zone.

What is the land classification for Arul Nagar?

The land classification for Arul Nagar is Residential Special Type - II, indicating its designated use for residential purposes.