Guideline Value for THIRU ARUL NAGAR

Thiru Arul Nagar guideline value

The current guideline value of Thiru Arul Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Avoor village under the Ponneri SRO and is classified as Residential Class II Type - I.

How the guideline value of Thiru Arul Nagar has changed

The guideline value for Thiru Arul Nagar has undergone several revisions over the years. The earliest available revision is from 2017, where the value was Rs 67 per sq.ft. This figure increased to Rs 100 per sq.ft in the 2023 revision and remained unchanged in the 2024 revision, indicating a 49% increase from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The 2024 and 2023 revisions both reflect a guideline value of Rs 100 per sq.ft, showing no change between these two years.

Guideline values in Avoor

Avoor village has 10 streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 100 per sq.ft, with a median of Rs 100 per sq.ft. Thiru Arul Nagar's 2024 guideline value matches this median.

• Sri Parasakthi Nagar: Rs 100 per sq.ft (2024)
• Smart Land Nagar: Rs 100 per sq.ft (2024)
• Raja Rajeshwari Avenue: Rs 100 per sq.ft (2024)
• Jesus Avenue: Rs 100 per sq.ft (2024)
• Immanuvel Garden: Rs 100 per sq.ft (2024)
• Icipl Estates: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Thiru Arul Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value would be Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is important to note that the 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 Thiru Arul Nagar?

The Sub Registrar Office that covers Thiru Arul Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Avoor. It serves as a benchmark for calculating the stamp duty and registration fees that are payable during the transaction.

When a property is sold, the guideline value is used to determine the minimum value on which these fees are calculated, ensuring that the government receives its due revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thiru Arul Nagar?

The current guideline value of Thiru Arul Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, marking a 49% increase over this period.

What is the stamp duty rate for properties in Thiru Arul Nagar?

The stamp duty rate for properties in Thiru Arul Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

Are there other streets in Avoor with the same guideline value?

Yes, there are several other streets in Avoor that have a guideline value of Rs 100 per sq.ft, including Sri Parasakthi Nagar, Smart Land Nagar, and others.