Guideline Value for Arunachaleshwar Nagar

Arunachaleshwar Nagar guideline value

The current guideline value of Arunachaleshwar Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024. This area is located in Kunrathour-B village under the Kunrathur SRO, classified as Residential Special Type - II.

How the guideline value of Arunachaleshwar Nagar has changed

In the 2017 revision, the guideline value was Rs 871 per sq.ft. It increased to Rs 1,300 per sq.ft in the 2023 revision, marking a 49% rise. The current 2024 revision shows a further increase to Rs 1,430 per sq.ft, which is a 10% change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. This consistent rise reflects the changes in the valuation of properties in the area over the years.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value for the village is Rs 1,540 per sq.ft, placing Arunachaleshwar Nagar's 2024 figure below that median.

• Arumugam Nagar: Rs 1,760 per sq.ft (2024)
• Arulmurugan Nagar: Rs 1,210 per sq.ft (2024)
• Arul Jothi Nagar: Rs 1,210 per sq.ft (2024)
• Ashok Nandavanam: Rs 2,860 per sq.ft (2024)
• Arignar Anna Street I St.,: Rs 660 per sq.ft (2024)
• Arignar Anna Street II St.,: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Arunachaleshwar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value would be Rs 14,30,000. The stamp duty at 7% would be Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, bringing the total to Rs 1,28,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arunachaleshwar Nagar?

The Sub Registrar Office covering Arunachaleshwar Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor during the registration of property transactions in Kunrathour-B. It serves as a benchmark for determining the stamp duty and registration fees payable to the government.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation or overvaluation. This helps maintain transparency in property dealings and ensures compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Arunachaleshwar Nagar?

The current guideline value of Arunachaleshwar Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 871 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2023, and then to Rs 1,430 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What are the other streets in Kunrathour-B and their guideline values?

Other streets in Kunrathour-B include Arumugam Nagar at Rs 1,760 per sq.ft, Arulmurugan Nagar and Arul Jothi Nagar both at Rs 1,210 per sq.ft, Ashok Nandavanam at Rs 2,860 per sq.ft, and Arignar Anna Street I and II at Rs 660 per sq.ft.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 14,30,000, the stamp duty would be Rs 1,00,100.

Where can I find the Sub Registrar Office for Arunachaleshwar Nagar?

The Sub Registrar Office for Arunachaleshwar Nagar is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more information about your SRO online.