Guideline Value for AARUMUGA MUDALIYAR NAGAR EXTENTION

Aarumuga Mudaliyar Nagar Extention guideline value

The current guideline value of Aarumuga Mudaliyar Nagar Extention is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Thadaperumbakkam village under the Ponneri SRO and is classified as Residential Class I Type - I.

How the guideline value of Aarumuga Mudaliyar Nagar Extention has changed

The guideline value for Aarumuga Mudaliyar Nagar Extention has seen several revisions over the years. The register shows no figures for the years 2002, 2003, 2007, and 2012. The 2017 revision set the value at Rs 536 per sq.ft, which increased to Rs 600 per sq.ft in the 2023 revision, marking a 12% increase from the previous revision. The current 2024 revision maintains this value at Rs 600 per sq.ft, resulting in no change from the 2023 figure.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 12%. This consistency in the guideline value over the last two revisions indicates stability in this area.

Guideline values in Thadaperumbakkam

In Thadaperumbakkam, there are 50 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 1,500 per sq.ft, with a median of Rs 501 per sq.ft. Aarumuga Mudaliyar Nagar Extention's 2024 figure of Rs 600 per sq.ft is above this median.

• Aam Avenue: Rs 600 per sq.ft (2024)
• A.G.M. Green Garden: Rs 501 per sq.ft (2024)
• Ali Nagar: Rs 1,500 per sq.ft (2024)
• Annai Abirami Nagar: Rs 501 per sq.ft (2024)
• Annamalai Nagar: Rs 600 per sq.ft (2024)
• Arumuga Mudaliar Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Aarumuga Mudaliyar Nagar Extention

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aarumuga Mudaliyar Nagar Extention?

The Aarumuga Mudaliyar Nagar Extention falls under 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 Thadaperumbakkam

The guideline value is a crucial factor during the registration of property transactions in Thadaperumbakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value helps ensure that the transaction is recorded accurately and fairly, reflecting the value of the property as determined by the government. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Aarumuga Mudaliyar Nagar Extention?

The current guideline value of Aarumuga Mudaliyar Nagar Extention is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft from the 2023 to the 2024 revision. It increased by 12% from Rs 536 per sq.ft in 2017 to Rs 600 per sq.ft in 2023.

What are the guideline values for other streets in Thadaperumbakkam?

Other streets in Thadaperumbakkam have varying guideline values, ranging from Rs 500 to Rs 1,500 per sq.ft. Aarumuga Mudaliyar Nagar Extention's value is above the median of Rs 501 per sq.ft.

What is the stamp duty on property in Aarumuga Mudaliyar Nagar Extention?

The stamp duty for property in Aarumuga Mudaliyar Nagar Extention is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Aarumuga Mudaliyar Nagar Extention?

The Sub Registrar Office covering Aarumuga Mudaliyar Nagar Extention is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.