Guideline Value for Nova Aradiya Nagar

Nova Aradiya Nagar guideline value

The current guideline value of Nova Aradiya Nagar is Rs 4,000 per sq.ft, effective from 1 July 2024. This area is located in 44.Ayanambakkam village, under the Konnur SRO, and is classified as Residential Special Type - V.

How the guideline value of Nova Aradiya Nagar has changed

The guideline value for Nova Aradiya Nagar has remained consistent at Rs 4,000 per sq.ft for both the 2023 and 2024 revisions. Prior to these revisions, the register has no figures for this street in the years 2017, 2012, 2007, 2003, and 2002.

From the 2023 revision to the 2024 revision, there was a change of +0%. This indicates that the guideline value has not fluctuated between these two revisions.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 9,702 per sq.ft. The median value for these streets is Rs 1,300 per sq.ft, placing Nova Aradiya Nagar's 2024 figure above that median.

• Nova Element 5: Rs 2,130 per sq.ft (2024)
• Nova Element 5 Extension I: Rs 6,000 per sq.ft (2024)
• NolamburRoad: Rs 2,200 per sq.ft (2024)
• Pachaiyappan nagar: Rs 1,300 per sq.ft (2024)
• Padasalai Street: Rs 1,300 per sq.ft (2024)
• New Century Nagar: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Nova Aradiya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,000 per sq.ft, the total guideline value amounts to Rs 40,00,000. The stamp duty at 7% would be Rs 2,80,000, and the registration fee at 2% would be Rs 80,000, bringing the total to Rs 3,60,000. Duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nova Aradiya Nagar?

Nova Aradiya Nagar falls under the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. To find your specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a crucial factor in the registration process when buying or selling property in 44.Ayanambakkam. It is used to determine the stamp duty and registration fees, which are necessary for completing the transaction legally.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the official valuation of the property. This helps maintain transparency and legality in property transactions.

Frequently asked questions

What is the current guideline value of Nova Aradiya Nagar?

The current guideline value of Nova Aradiya Nagar is Rs 4,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Nova Aradiya Nagar has remained at Rs 4,000 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Nova Aradiya Nagar?

Nova Aradiya Nagar is classified as Residential Special Type - V, indicating its designation for residential purposes within the area.

What are the registration fees for property in Nova Aradiya Nagar?

The registration fees for property transactions in Nova Aradiya Nagar include a stamp duty of 7% and a registration fee of 2%, calculated on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Nova Aradiya Nagar located?

The Konnur Sub Registrar Office covering Nova Aradiya Nagar is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.