Guideline Value for Arul Neri Nagar Main Road

Arul Neri Nagar Main Road guideline value

The current guideline value of Arul Neri Nagar Main Road is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village and falls under the Selaiyur SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Arul Neri Nagar Main Road has changed

The guideline value for Arul Neri Nagar Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft. This was followed by a significant decrease to Rs 1,206 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased to Rs 1,800 per sq.ft, and the latest revision in 2024 raised it further to Rs 1,900 per sq.ft, marking a 6% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 6%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 5,000 per sq.ft. The median guideline value for the area is Rs 2,150 per sq.ft, indicating that the guideline value for Arul Neri Nagar Main Road is below this median.

• Arul Neri Nagar Extension: Rs 1,900 per sq.ft (2024)
• Arul Neri Nagar: Rs 1,900 per sq.ft (2024)
• Arish Avenue: Rs 1,300 per sq.ft (2024)
• Appar Street: Rs 2,150 per sq.ft (2024)
• Anna Street: Rs 2,400 per sq.ft (2024)
• Bajanai Koil 1st Cross Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Arul Neri Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total to Rs 1,71,000. 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 detailed calculations.

Which Sub Registrar Office covers Arul Neri Nagar Main Road?

The Sub Registrar Office that covers Arul Neri Nagar Main Road is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Rajakilpakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Arul Neri Nagar Main Road?

The current guideline value of Arul Neri Nagar Main Road is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What is the land classification for Arul Neri Nagar Main Road?

The land classification for Arul Neri Nagar Main Road is Residential Class I Type - II.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for property transactions?

The stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 19,00,000, the stamp duty at 7% would be Rs 1,33,000.