Guideline Value for Arul Nagar

Arul Nagar guideline value

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

How the guideline value of Arul Nagar has changed

The guideline value for Arul Nagar has seen significant changes over the years. In 2003, the value was Rs 256 per sq.ft, which increased to Rs 300 per sq.ft in 2007. The following revision in 2017 saw a substantial jump to Rs 1,072 per sq.ft, marking an increase of 257%. By 2023, the value rose to Rs 1,600 per sq.ft, reflecting a 49% increase from the previous revision. The current value of Rs 1,760 per sq.ft in 2024 represents a 10% increase from 2023.

There are no figures available for the years 2002 and 2012 for this street. Overall, the guideline value has increased by 588% from Rs 256 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that have 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 for Arul Nagar is below this median.

• Arul Nagar IInd Cross Street: Rs 1,760 per sq.ft (2024)
• Arul Nagar Ist Cross Street: Rs 1,760 per sq.ft (2024)
• Arul Nagar Ist Street: Rs 2,350 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

For a 1,000 sq.ft plot at the current rate of Rs 1,760 per sq.ft, the guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, while the registration fee at 2% would be Rs 35,200, bringing the total fees 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 also use the stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Arul Nagar?

The Sub Registrar Office that covers Arul Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value is an essential factor when registering properties in Anakaputhur. It serves as the basis for calculating stamp duty and registration fees, ensuring that all transactions comply with local regulations.

Frequently asked questions

What is the current guideline value of Arul Nagar?

The current guideline value of Arul Nagar 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 increased from Rs 256 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, representing an overall increase of 588%.

What is the land classification of Arul Nagar?

Arul Nagar is classified as Residential Class II Type - I.

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

For a property valued at 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 office handles registrations for Arul Nagar?

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