Guideline Value for THE ARK ENCLAVE

The Ark Enclave guideline value

The current guideline value of The Ark Enclave in Agraharam Male village is Rs 770 per sq.ft, effective from 1 July 2024. This property falls under the Poonamallee Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of The Ark Enclave has changed

The guideline value for The Ark Enclave has undergone several revisions over the years. In 2012, the value was set at Rs 700 per sq.ft. This figure decreased to Rs 469 per sq.ft in 2017. However, from 2017 to 2023, the value saw a significant increase of 49%, reaching Rs 700 per sq.ft. The most recent revision in 2024 raised the guideline value to Rs 770 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Agraharam Male

In Agraharam Male, there are 16 streets under the Poonamallee SRO that carry a guideline value for 2024, ranging from Rs 550 to Rs 1,400 per sq.ft. The median value is Rs 770 per sq.ft, which is the same as the guideline value for The Ark Enclave.

• The Ark Avenue: Rs 770 per sq.ft (2024)
• Uptown Park: Rs 770 per sq.ft (2024)
• Sri Narasimha Nagar: Rs 770 per sq.ft (2024)
• Sri Chethan Avenue: Rs 800 per sq.ft (2024)
• Shaloom Avenue: Rs 770 per sq.ft (2024)
• Mid Town Avenue: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in The Ark Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers The Ark Enclave?

The Ark Enclave is covered by the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. To find your SRO, visit find your SRO.

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

The guideline value is a critical component in the registration process when buying or selling property in Agraharam Male. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps to ensure that the transaction is recorded accurately and fairly. Buyers and sellers must consider this value when negotiating sale prices, as the stamp duty is charged based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of The Ark Enclave?

The current guideline value of The Ark Enclave is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the land classification of The Ark Enclave?

The Ark Enclave is classified as Residential Class I Type - I, indicating its designation for residential purposes within the locality.

What are the stamp duty and registration fees for properties in The Ark Enclave?

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300.

Which Sub Registrar Office manages The Ark Enclave?

The Poonamallee Sub Registrar Office manages The Ark Enclave, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.