Guideline Value for Arunachala Nagar

Arunachala Nagar guideline value

The current guideline value of Arunachala Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Perungalathur village, under the Padappai SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Arunachala Nagar has changed

The guideline value for Arunachala Nagar has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, this value dropped to Rs 1,005 per sq.ft in 2017, before rising to Rs 1,500 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 1,650 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 725%. Notably, there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft, with a median value of Rs 2,310 per sq.ft. The guideline value of Arunachala Nagar is below this median.

• Arunagirinathar Street: Rs 2,970 per sq.ft (2024)
• Ashtalaxmi Nagar: Rs 1,980 per sq.ft (2024)
• Appar Street Extension: Rs 2,310 per sq.ft (2024)
• Appar Street: Rs 2,310 per sq.ft (2024)
• Anvar Street: Rs 1,650 per sq.ft (2024)
• Anna Street: Rs 2,640 per sq.ft (2024)

Stamp duty and registration fee for property in Arunachala Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, while the registration fee at 2% would be Rs 33,000, making the total charges Rs 1,48,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Arunachala Nagar?

The Sub Registrar Office that covers Arunachala 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 more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is sold or purchased.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Arunachala Nagar?

The current guideline value of Arunachala Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 725% over this period.

What is the classification of land in Arunachala Nagar?

Arunachala Nagar is classified as Residential Class IV Type - II, indicating its designated use for residential purposes.

Where can I find the registration office for Arunachala Nagar?

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

What are the stamp duty and registration fees based on the guideline value?

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value. For example, for a property valued at Rs 16,50,000, the total charges would be Rs 1,48,500.