Guideline Value for Arulvazhi Chittar Nagar

Arulvazhi Chittar Nagar guideline value

The current guideline value of Arulvazhi Chittar Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Vada Mangalam village under the Sunguvarchattram SRO and is classified as Residential Special Type - I.

How the guideline value of Arulvazhi Chittar Nagar has changed

Looking at the revisions, the guideline value for Arulvazhi Chittar Nagar has remained consistent at Rs 400 per sq.ft from 2023 to 2024. The previous revision in 2017 recorded a value of Rs 268 per sq.ft, marking a significant increase of 49% to the 2023 figure. The 2012 revision also had a guideline value of Rs 400 per sq.ft, indicating a decrease of 33% from the 2017 figure.

Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 400 per sq.ft. The register does not provide figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vada Mangalam

In Vada Mangalam, there are 23 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 400 per sq.ft, with a median value of Rs 250 per sq.ft. Arulvazhi Chittar Nagar's 2024 figure is above this median.

• Ambethkar Street: Rs 200 per sq.ft (2024)
• Bharathiyar Street: Rs 200 per sq.ft (2024)
• Ettiyamman Koil Street: Rs 200 per sq.ft (2024)
• Gandhi Street: Rs 200 per sq.ft (2024)
• Indhira Nagar: Rs 350 per sq.ft (2024)
• Iswarya Lakshmi Nagar: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Arulvazhi Chittar Nagar

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. 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 details.

Which Sub Registrar Office covers Arulvazhi Chittar Nagar?

The Sub Registrar Office that covers Arulvazhi Chittar Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Vada Mangalam, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved.

Additionally, the guideline value serves as a reference point for property valuation during registration. It helps in maintaining transparency in real estate transactions, providing a standardized method for assessing property values within the region.

Frequently asked questions

What is the current guideline value of Arulvazhi Chittar Nagar?

The current guideline value of Arulvazhi Chittar Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft from 2023 to 2024. It increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, and it was Rs 400 per sq.ft in 2012.

What is the land classification for Arulvazhi Chittar Nagar?

Arulvazhi Chittar Nagar is classified as Residential Special Type - I. This classification affects the guideline value and property usage in the area.

Where can I find the Sub Registrar Office for Arulvazhi Chittar Nagar?

The Sub Registrar Office for Arulvazhi Chittar Nagar is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Arulvazhi Chittar Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 at 7%.