Guideline Value for Aruna Nagar

Aruna Nagar guideline value

The current guideline value of Aruna Nagar is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Class V Type - I.

How the guideline value of Aruna Nagar has changed

The guideline value for Aruna Nagar has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 69 per sq.ft. It increased to Rs 100 per sq.ft in 2003, followed by a rise to Rs 200 per sq.ft in 2007. The value then saw a significant jump to Rs 900 per sq.ft in 2012, before decreasing to Rs 603 per sq.ft in 2017. In the 2023 revision, it was set at Rs 900 per sq.ft, and the latest revision in 2024 has increased it to Rs 990 per sq.ft.

Between the revisions, the most notable changes include a 350% increase from 2007 to 2012, followed by a 49% increase from 2017 to 2023. The overall change from 2002 to 2024 shows a substantial increase of 1,335%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value for Aruna Nagar is below this median.

• Asath Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Arjun Nagar: Rs 2,700 per sq.ft (2024)
• Arjuna Nagar Extn: Rs 2,700 per sq.ft (2024)
• Asian Nagar (Old Vijaya Nagar)(Asini nagar): Rs 2,400 per sq.ft (2024)
• Appar street (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Aswini Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Aruna Nagar

For a 1,000 sq.ft plot at the current rate of Rs 990 per sq.ft, the guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total to Rs 89,100. Duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aruna Nagar?

The Sub Registrar Office that covers Aruna Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property sales.

When a buyer or seller engages in a property transaction, the guideline value is referenced to assess the financial obligations related to registration. This ensures transparency and fairness in the property registration process, as it reflects the government's valuation of the land.

Frequently asked questions

What is the current guideline value of Aruna Nagar?

The current guideline value of Aruna Nagar is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 69 per sq.ft in 2002 to Rs 990 per sq.ft in 2024, showing a significant overall increase of 1,335% over the years.

What is the land classification of Aruna Nagar?

Aruna Nagar is classified as Residential Class V Type - I, indicating its designation for residential purposes.

What are the stamp duty and registration fees in Aruna Nagar?

For a property valued at Rs 9,90,000, the stamp duty is Rs 69,300, and the registration fee is Rs 19,800, totaling Rs 89,100.

Which office handles property registrations in Aruna Nagar?

The Ambattur Sub Registrar Office handles property registrations for Aruna Nagar, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.