Guideline Value for SRI THIRU ARUL NAGAR

Sri Thiru Arul Nagar guideline value

The current guideline value of Sri Thiru Arul Nagar is Rs 925 per sq.ft, effective from 1 July 2024. This street is located in Orikkai village, under the Kanchipuram Joint IV SRO, and is classified as Residential Class I Type - V.

How the guideline value of Sri Thiru Arul Nagar has changed

The guideline value for Sri Thiru Arul Nagar has seen several revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show that in 2023, the guideline value was Rs 800 per sq.ft, which increased by 16% to Rs 925 per sq.ft in 2024.

This indicates a significant change from the previous year. The 2024 revision reflects the current valuation, marking a notable increase in the guideline value for this street.

Guideline values in Orikkai

In Orikkai, there are 12 streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 1,500 per sq.ft, with a median value of Rs 975 per sq.ft. The guideline value for Sri Thiru Arul Nagar is below this median.

• Sriram Gardan: Rs 875 per sq.ft (2024)
• Sri Lakshmi Vaikundavalli Nagar: Rs 975 per sq.ft (2024)
• Sai Enclave: Rs 825 per sq.ft (2024)
• Krishnan Nagar: Rs 800 per sq.ft (2024)
• K.M.Avenue: Rs 1,110 per sq.ft (2024)
• Kanchi Gardan: Rs 1,099 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Thiru Arul Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 925 per sq.ft, the total guideline value would be Rs 9,25,000. The stamp duty at 7% would be Rs 64,750, and the registration fee at 2% would be Rs 18,500, making the total cost for these fees Rs 83,250. 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 Thiru Arul Nagar?

The Sub Registrar Office that covers Sri Thiru Arul Nagar is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Orikkai. It is used to determine the stamp duty and registration fees that a buyer must pay when purchasing a property.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sri Thiru Arul Nagar?

The current guideline value of Sri Thiru Arul Nagar is Rs 925 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Thiru Arul Nagar has increased from Rs 800 per sq.ft in 2023 to Rs 925 per sq.ft in 2024, marking a 16% increase. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Orikkai?

The median guideline value in Orikkai for 2024 is Rs 975 per sq.ft. Sri Thiru Arul Nagar's guideline value is below this median.

What fees are associated with buying property in Sri Thiru Arul Nagar?

When buying property in Sri Thiru Arul Nagar, buyers must pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur total fees of Rs 83,250.

Where can I find the Sub Registrar Office for Sri Thiru Arul Nagar?

The Sub Registrar Office for Sri Thiru Arul Nagar is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.