Guideline Value for SRI ARUL NAGAR

Sri Arul Nagar guideline value

The current guideline value of Sri Arul Nagar is Rs 300 per sq.ft. This area is located in Thozhuvur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this region is Residential Class III Type - II.

How the guideline value of Sri Arul Nagar has changed

Looking at the revisions, the guideline value for Sri Arul Nagar was Rs 300 per sq.ft in 2012. This figure remained the same in the 2012 revision. However, in the 2017 revision, the value dropped to Rs 201 per sq.ft, marking a decrease of 33%. The most recent revision in 2023 saw a significant increase to Rs 300 per sq.ft, which is a rise of 49% from the 2017 figure.

Overall, from 2012 to 2023, the guideline value has not changed, remaining at Rs 300 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Thozhuvur

Currently, there are no specific village figures provided for Thozhuvur. Sri Arul Nagar is the only street mentioned under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Sri Arul Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000. Together, the total charges would be Rs 27,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Arul Nagar?

The Sub Registrar Office that covers Sri Arul Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Thozhuvur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is sold, the buyer is required to pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Arul Nagar?

The current guideline value of Sri Arul Nagar is Rs 300 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, with a decrease to Rs 201 per sq.ft in 2017 from Rs 300 in 2012, followed by an increase back to Rs 300 in 2023.

What is the registration office for Sri Arul Nagar?

The registration office for Sri Arul Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

How is stamp duty calculated for properties in Sri Arul Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property with a guideline value of Rs 3,00,000, the stamp duty would be 7% of that amount.

Are there any other streets in Thozhuvur with guideline values?

No specific figures or other streets in Thozhuvur have been provided under the Tiruvallur Joint 1 SRO.