Guideline Value for NEW CITY LAYOUT

New City Layout guideline value

The current guideline value for New City Layout in Aarampakkam village, under the Thirukazhukundram SRO, is Rs 165 per sq.ft, effective from 1 July 2024. This land is classified as Residential Class IV Type - I.

How the guideline value of New City Layout has changed

The guideline value register has no figures for New City Layout for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only revision available is from 2024, which is Rs 165 per sq.ft.

Since there are no figures for the previous revisions, there are no changes to report between the revisions above. The current rate remains the only figure available for this street.

Guideline values in Aarampakkam

Aarampakkam village has 10 streets under the Thirukazhukundram SRO that carry a 2024 guideline value, ranging from Rs 115 to Rs 550 per sq.ft. The median value for these streets is Rs 330 per sq.ft, placing New City Layout's 2024 figure below this median.

• Ecr Sai Enclave Phase I: Rs 115 per sq.ft (2024)
• Coastal Redidency: Rs 385 per sq.ft (2024)
• Coastal Castle: Rs 385 per sq.ft (2024)
• Birundhavan Garden: Rs 165 per sq.ft (2024)
• Vaibav Gardens: Rs 495 per sq.ft (2024)
• Vignesh Avenue: Rs 275 per sq.ft (2024)

Stamp duty and registration fee for property in New City Layout

For a 1,000 sq.ft plot at the current rate of Rs 165 per sq.ft, the guideline value totals Rs 1,65,000. The stamp duty at 7% would be Rs 11,550, and the registration fee at 2% would be Rs 3,300, making the total Rs 14,850. It is important to note that 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 New City Layout?

The New City Layout is covered by the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Aarampakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When engaging in a property transaction, it is essential to be aware of the guideline value, as it influences the overall cost involved in the registration process. Buyers and sellers should ensure they are informed about the current guideline values to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of New City Layout?

The current guideline value of New City Layout is Rs 165 per sq.ft, effective from 1 July 2024.

What is the land classification for New City Layout?

New City Layout is classified as Residential Class IV Type - I.

Are there any previous guideline values for New City Layout?

The guideline value register has no figures for New City Layout for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from 2024.

What are the guideline values of other streets in Aarampakkam?

Other streets in Aarampakkam have a range of guideline values from Rs 115 to Rs 550 per sq.ft, with the median being Rs 330 per sq.ft.

How is stamp duty calculated for property in New City Layout?

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 165 per sq.ft, the total guideline value would be Rs 1,65,000, leading to a stamp duty of Rs 11,550.