Guideline Value for Arunagiri Nagar

Arunagiri Nagar guideline value

The current guideline value of Arunagiri Nagar is Rs 880 per sq.ft, effective from 1 July 2024. This locality is part of Thirumudivakkam village under the Padappai SRO, classified as Residential Class I Type - I.

How the guideline value of Arunagiri Nagar has changed

The guideline value for Arunagiri Nagar has seen several revisions over the years. The earliest available revision is from 2012, where the value was Rs 800 per sq.ft. This was followed by a decrease to Rs 536 per sq.ft in 2017. The 2023 revision marked an increase to Rs 800 per sq.ft, and the most recent 2024 revision has raised it further to Rs 880 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thirumudivakkam

In Thirumudivakkam, there are 56 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 660 to Rs 3,860 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, placing Arunagiri Nagar's 2024 guideline value below this median.

• A.R.Rahman Nagar: Rs 1,320 per sq.ft (2024)
• Astalakshmi Nagar: Rs 880 per sq.ft (2024)
• Bajanai Koil Street: Rs 880 per sq.ft (2024)
• Anna Baba Nagar: Rs 880 per sq.ft (2024)
• Amarprakash Developers: Rs 1,320 per sq.ft (2024)
• Aditya Industrial Park: Rs 1,930 per sq.ft (2024)

Stamp duty and registration fee for property in Arunagiri Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total cost for these fees to Rs 79,200. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arunagiri Nagar?

The Sub Registrar Office that covers Arunagiri 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 information.

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

The guideline value is a critical factor during the registration of property transactions in Thirumudivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Arunagiri Nagar?

The current guideline value of Arunagiri Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then back to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the median guideline value in Thirumudivakkam?

The median guideline value for the 56 streets in Thirumudivakkam is Rs 1,320 per sq.ft, which is higher than the current value of Arunagiri Nagar.

What are the stamp duty rates in Arunagiri Nagar?

The stamp duty rate in Arunagiri Nagar is 7%, and the registration fee is 2% of the guideline value or the sale price, whichever is higher.

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

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