Guideline Value for Arunai Avenue

Arunai Avenue guideline value

The current guideline value of Arunai Avenue is Rs 1,500 per sq.ft as per the 2023 revision. This street is located in Vandalur village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Arunai Avenue has changed

Looking back at the revisions, the guideline value for Arunai Avenue was Rs 1,500 per sq.ft in 2012. It then decreased to Rs 1,005 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the guideline value increased by 49%, bringing it back to Rs 1,500 per sq.ft in 2023. It is important to note that the register has no figures for the revisions in 2002, 2003, 2007, and 2024.

Overall, from 2012 to 2023, the guideline value has remained unchanged at Rs 1,500 per sq.ft. The fluctuations in the values reflect the changes over the specific periods as outlined in the revisions.

Guideline values in Vandalur

Currently, there are no specific village figures available for Vandalur. Arunai Avenue is situated within this area, and there are no other streets in Vandalur under the Gooduvancheri SRO for which figures are provided.

Stamp duty and registration fee for property in Arunai Avenue

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arunai Avenue?

The Sub Registrar Office that covers Arunai Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for further assistance.

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

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

When a property is sold, the guideline value helps in establishing the minimum value for which the property can be registered. This ensures that the registration process is transparent and that the appropriate taxes are collected based on the established guidelines.

Frequently asked questions

What is the current guideline value of Arunai Avenue?

The current guideline value of Arunai Avenue is Rs 1,500 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen changes, with a decrease from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017. It then increased back to Rs 1,500 per sq.ft in 2023.

What are the stamp duty and registration fees for properties in Arunai Avenue?

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Which Sub Registrar Office handles registrations for Arunai Avenue?

The Gooduvancheri Sub Registrar Office handles registrations for Arunai Avenue, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Is there a guideline value for Arunai Avenue in 2024?

The register does not have a guideline value for Arunai Avenue for the year 2024.