Guideline Value for Arul Nagar

Arul Nagar guideline value

The current guideline value of Arul Nagar is Rs 1,500 per sq.ft, as per the 2023 revision. This area is located in Urapakkam village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Arul Nagar has changed

The guideline value for Arul Nagar has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 627 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2012 revision. However, this value remained unchanged in the 2012 to 2017 period, where it dropped to Rs 1,005 per sq.ft. The most recent revision in 2023 saw a notable increase to Rs 1,500 per sq.ft again, marking a 49% rise from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 139%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Urapakkam

Currently, there are no specific village figures available for Urapakkam. Arul Nagar is part of the Gooduvancheri SRO, and there are no other streets in Urapakkam listed under this SRO.

Stamp duty and registration fee for property in Arul Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. 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 details.

Which Sub Registrar Office covers Arul Nagar?

The Sub Registrar Office that covers Arul Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

For more information, you can find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Urapakkam, as it determines the minimum value at which a property can be registered. Buyers must consider the guideline value when calculating the stamp duty and registration fees, which are based on this value or the sale price, whichever is higher.

During the registration process, the guideline value ensures that the property is assessed fairly, and it helps in maintaining transparency in property transactions. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Arul Nagar?

The current guideline value of Arul Nagar is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 627 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and finally returned to Rs 1,500 per sq.ft in 2023.

What is the stamp duty for property in Arul Nagar?

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

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value of a property and is essential for calculating stamp duty and registration fees during property transactions.