Guideline Value for Arunmozhi Nagar

Arunmozhi Nagar guideline value

The current guideline value of Arunmozhi Nagar is Rs 800 per sq.ft. This area falls under Vengadamangalam village and is governed by the Gooduvancheri SRO. The land classification for this locality is Residential Special Type - II.

How the guideline value of Arunmozhi Nagar has changed

The guideline value for Arunmozhi Nagar has seen several revisions over the years. In the 2007 revision, the value was set at Rs 160 per sq.ft, which then increased significantly to Rs 800 per sq.ft in the 2012 revision, marking a 400% rise. However, in the 2017 revision, the value dropped to Rs 536 per sq.ft, reflecting a decrease of 33% from the previous figure. The most recent revision in 2023 established the guideline value at Rs 800 per sq.ft, representing a 49% increase from 2017.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 400%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 for this street.

Guideline values in Vengadamangalam

Currently, there are no specific village figures available for Vengadamangalam. Arunmozhi Nagar is one of the streets in this area. The following are the other streets in Vengadamangalam:

• none given

Stamp duty and registration fee for property in Arunmozhi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value would be Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. It is important to note that the 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 Arunmozhi Nagar?

The Sub Registrar Office that covers Arunmozhi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vengadamangalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Arunmozhi Nagar?

The current guideline value of Arunmozhi Nagar is Rs 800 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

Over the years, the guideline value has fluctuated, with significant changes noted in 2007, 2012, 2017, and 2023. The overall change from 2007 to 2023 is an increase of 400%.

What is the land classification for Arunmozhi Nagar?

The land classification for Arunmozhi Nagar is Residential Special Type - II, which indicates its suitability for residential development.

Where is the Gooduvancheri SRO located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Arunmozhi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000, leading to a stamp duty of Rs 56,000.