Guideline Value

Corporate

Guideline Value for Arul Nagar

₹770/sq.ft.

The guideline value for Arul Nagar in Vilangadupakkam village (Redhills SRO, Chennai zone) is Rs 770 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilangadupakkam

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹770 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Arul Nagar

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Arul Nagar guideline value

The current guideline value of Arul Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Vilangadupakkam village and falls under the Redhills SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Arul Nagar has changed

The guideline value for Arul Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft, which increased to Rs 700 per sq.ft in 2012. However, this value saw a decrease to Rs 469 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 700 per sq.ft, and the most recent revision in 2024 has set it at Rs 770 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 marks a 10% increase. Overall, from 2007 to 2024, the guideline value has risen by 54%. The fluctuations in these values reflect various factors influencing property assessments over the years.

Guideline values in Vilangadupakkam

In Vilangadupakkam, there are 160 streets under the Redhills SRO, with a 2024 guideline value range from Rs 365 to Rs 1,792 per sq.ft. The median value for these streets is Rs 440 per sq.ft, placing Arul Nagar's 2024 guideline value above this median.

Stamp duty and registration fee for property in Arul Nagar

For a 1,000 sq.ft plot at the current rate of Rs 770 per sq.ft, the guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total to Rs 69,300. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arul Nagar?

The Sub Registrar Office that covers Arul Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Vilangadupakkam. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property. Buyers and sellers should be aware that the guideline value is used to assess the official value of the property for registration purposes.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the correct revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Arul Nagar?

The current guideline value of Arul Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 770 per sq.ft in 2024, with various revisions in between, including a decrease in 2017.

What is the registration office for Arul Nagar?

The registration office for Arul Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated in Arul Nagar?

Stamp duty in Arul Nagar is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 7,70,000 would incur a stamp duty of Rs 53,900 at 7%.

What is the range of guideline values in Vilangadupakkam?

The guideline values in Vilangadupakkam range from Rs 365 to Rs 1,792 per sq.ft, with a median value of Rs 440 per sq.ft.