Guideline Value for Arul garden Phase 4

Arul garden Phase 4 guideline value

The current guideline value of Arul garden Phase 4 is Rs 442 per sq.ft. This property is located in Netteri village, under the Kanchipuram Joint I SRO, and is classified as Residential Class II Type - II.

How the guideline value of Arul garden Phase 4 has changed

The guideline value for Arul garden Phase 4 has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 442 per sq.ft, reflecting a 10% increase from the 2023 revision, which was Rs 402 per sq.ft. The register does not contain figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, the guideline value for Arul garden Phase 4 was not specified in the register for the earlier years mentioned. The current value of Rs 442 per sq.ft is below the median value of Rs 469 per sq.ft for the 34 streets in Netteri under the Kanchipuram Joint I SRO, which range from Rs 330 to Rs 800 per sq.ft.

Guideline values in Netteri

In Netteri village, there are 34 streets that have a guideline value set for 2024. The values range from Rs 330 to Rs 800 per sq.ft, with the median being Rs 469 per sq.ft. Arul garden Phase 4's guideline value is below this median.

• Arul Garden Phase 3: Rs 442 per sq.ft (2024)
• Bala Nagar: Rs 495 per sq.ft (2024)
• Aayiyappan Nagar: Rs 700 per sq.ft (2024)
• Andal Nagar: Rs 495 per sq.ft (2024)
• Arul Garden Phase I: Rs 660 per sq.ft (2024)
• Arul Garden Phase II: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Arul garden Phase 4

For a 1,000 sq.ft plot at the current guideline value of Rs 442 per sq.ft, the total guideline value amounts to Rs 4,42,000. The stamp duty at 7% would be Rs 30,940, and the registration fee at 2% would be Rs 8,840, together totaling Rs 39,780. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arul garden Phase 4?

The Sub Registrar Office that covers Arul garden Phase 4 is the Kanchipuram Joint I Sub Registrar Office, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Netteri. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that the guideline value may differ from the sale price, and the higher of the two will be considered for calculating fees.

When registering a property, it is essential to refer to the latest guideline value to ensure compliance with local regulations. The guideline value is regularly updated, reflecting changes in the real estate market and ensuring that property transactions are conducted fairly.

Frequently asked questions

What is the current guideline value of Arul garden Phase 4?

The current guideline value of Arul garden Phase 4 is Rs 442 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Arul garden Phase 4 increased from Rs 402 per sq.ft in 2023 to Rs 442 per sq.ft in 2024, marking a 10% rise. The register does not contain figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the stamp duty rate for properties in Arul garden Phase 4?

The stamp duty rate for properties in Arul garden Phase 4 is 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 4,42,000, the stamp duty would be Rs 30,940.

Where can I find the Sub Registrar Office for Arul garden Phase 4?

The Kanchipuram Joint I Sub Registrar Office covers Arul garden Phase 4, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone.

What are the guideline values for other streets in Netteri?

In Netteri, other streets have varying guideline values, with Arul Garden Phase 3 also at Rs 442 per sq.ft, Bala Nagar at Rs 495 per sq.ft, Aayiyappan Nagar at Rs 700 per sq.ft, Andal Nagar at Rs 495 per sq.ft, and both Arul Garden Phase I and II at Rs 660 per sq.ft.