Guideline Value for Arulappa Nagar

Arulappa Nagar guideline value

The current guideline value of Arulappa Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This locality is situated in Naduveerapattu village, under the Padappai SRO, and is classified as Residential Class I Type - I.

How the guideline value of Arulappa Nagar has changed

In the 2012 revision, the guideline value was Rs 500 per sq.ft. This figure remained unchanged until the 2017 revision, when it decreased to Rs 335 per sq.ft, marking a reduction of 33%. The value then increased significantly to Rs 500 per sq.ft in the 2023 revision, followed by a further increase to Rs 550 per sq.ft in the 2024 revision, representing a 10% rise. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the guideline value increased by 49%, and overall, from 2012 to 2024, it has increased by 10%. The current value of Rs 550 per sq.ft reflects the most recent revision and indicates a steady increase in the guideline value over the years.

Guideline values in Naduveerapattu

Naduveerapattu village has 96 streets under the Padappai SRO, with guideline values ranging from Rs 330 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 660 per sq.ft, placing Arulappa Nagar's 2024 figure below this median.

• Ashok Brindavanam Phase - II: Rs 550 per sq.ft (2024)
• Ashok Brindavanam Phase - III: Rs 550 per sq.ft (2024)
• Ashok Brindhavanam: Rs 550 per sq.ft (2024)
• Anthonypuram: Rs 440 per sq.ft (2024)
• Anthony Nagar: Rs 1,320 per sq.ft (2024)
• Anthoniyar Koil Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Arulappa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, while the registration fee at 2% would be Rs 11,000, leading to a total of Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arulappa Nagar?

The Sub Registrar Office that covers Arulappa Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Naduveerapattu, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider the guideline value when negotiating the sale price, as it influences the stamp duty and registration fees applicable to the transaction.

When registering a property, the guideline value serves as a benchmark for calculating the associated costs. It is essential for buyers to be aware of the current guideline value to ensure compliance with legal requirements and to understand the financial implications of their property purchase.

Frequently asked questions

What is the current guideline value of Arulappa Nagar?

The current guideline value of Arulappa Nagar is Rs 550 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 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the median guideline value in Naduveerapattu?

The median guideline value in Naduveerapattu is Rs 660 per sq.ft, which is higher than the current guideline value of Arulappa Nagar.

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

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500.

Where is the Sub Registrar Office for Arulappa Nagar located?

The Sub Registrar Office for Arulappa Nagar is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.