Guideline Value for Arunanachala nagar

Arunanachala nagar guideline value

The current guideline value of Arunanachala nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in P.V.Kalathur A village and falls under the Chengleput Joint I SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Arunanachala nagar has changed

The guideline value for Arunanachala nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 201 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 300 per sq.ft. The latest revision in 2024 has kept the guideline value at Rs 300 per sq.ft, marking a 49% increase from the 2017 figure.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only revisions that provide a guideline value are from 2017, 2023, and 2024, with the 2023 to 2024 revision showing no change.

Guideline values in P.V.Kalathur A

In P.V.Kalathur A, there are 21 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 450 per sq.ft. The median value for these streets is Rs 402 per sq.ft, placing Arunanachala nagar's 2024 figure below that median.

• Andal Avenue: Rs 300 per sq.ft (2024)
• Desika Nagar: Rs 250 per sq.ft (2024)
• Dr.Savithiri Nagar: Rs 300 per sq.ft (2024)
• Gokaley Nagar: Rs 402 per sq.ft (2024)
• K.J.P. Nagar: Rs 402 per sq.ft (2024)
• Maruthi Nagar: Rs 450 per sq.ft (2024)

Stamp duty and registration fee for property in Arunanachala nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. 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 Arunanachala nagar?

The Sub Registrar Office that covers Arunanachala nagar is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in P.V.Kalathur A

The guideline value is a critical factor during property registration in P.V.Kalathur A. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property in the area.

When a property transaction occurs, the guideline value is used to calculate the applicable duties and fees. Buyers should be aware that these charges are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Arunanachala nagar?

The current guideline value of Arunanachala nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen a 49% increase from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in both 2023 and 2024. There were no changes recorded for the years 2002, 2003, 2007, and 2012.

What is the land classification for Arunanachala nagar?

The land classification for Arunanachala nagar is Residential Special Type - II, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for Arunanachala nagar?

The Chengleput Joint I Sub Registrar Office covers Arunanachala nagar and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Arunanachala nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000, leading to a stamp duty of Rs 21,000.