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_2 village under the Ponneri SRO, and it falls under the Residential Special Type - III land classification.

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 most recent revision in 2024 maintains the guideline value at Rs 600 per sq.ft, the same as in 2023. Prior to that, in 2017, the guideline value was Rs 536 per sq.ft, indicating a 12% increase from 2017 to 2023.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 12%.

Guideline values in Thadaperumbakkam_2

In Thadaperumbakkam_2, there are 23 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 600 per sq.ft, with a median of Rs 300 per sq.ft. Aarumuga Mudaliyar Nagar Extention's 2024 figure is above this median.

• A.G.M. Green Garden: Rs 300 per sq.ft (2024)
• Annai Abirami Nagar: Rs 300 per sq.ft (2024)
• Annamalai Nagar: Rs 300 per sq.ft (2024)
• Bharath Nagar: Rs 300 per sq.ft (2024)
• Chennai City: Rs 400 per sq.ft (2024)
• Devaki Green Garden: Rs 400 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 would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, while the registration fee at 2% would be Rs 12,000, bringing the total cost for these fees to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Aarumuga Mudaliyar Nagar Extention?

The Sub Registrar Office that covers Aarumuga Mudaliyar Nagar Extention is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more details, you can find your SRO.

How the guideline value is used when you buy or sell in Thadaperumbakkam_2

The guideline value is a crucial factor during the registration of property transactions in Thadaperumbakkam_2. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

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 2023 to 2024, with a 12% increase from Rs 536 per sq.ft in 2017 to 2023. Overall, there has been a 12% increase from 2017 to 2024.

What is the land classification for Aarumuga Mudaliyar Nagar Extention?

Aarumuga Mudaliyar Nagar Extention is classified as Residential Special Type - III. This classification indicates the type of development permissible in the area.

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

The Sub Registrar Office for Aarumuga Mudaliyar Nagar Extention is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles the registration of properties in the area.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 at a rate of 7%.