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Guideline Value

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Guideline Value for ARUL MURUGAN NAGAR/ EXT / ALL PHASES

₹330/sq.ft.

The guideline value for Arul Murugan Nagar/ Ext / All Phases in Vichoor village (Thiruvottiyur SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vichoor

Village

Thiruvottiyur

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Arul Murugan Nagar/ Ext / All Phases

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Arul Murugan Nagar/ Ext / All Phases guideline value

The current guideline value of Arul Murugan Nagar/ Ext / All Phases is Rs 330 per sq.ft, effective from 1 July 2024. This property is located in Vichoor village and falls under the Thiruvottiyur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Arul Murugan Nagar/ Ext / All Phases has changed

The guideline value for Arul Murugan Nagar/ Ext / All Phases has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 300 per sq.ft. This was followed by a decrease to Rs 201 per sq.ft in 2017. The 2023 revision saw an increase to Rs 300 per sq.ft, and the most recent revision in 2024 has set the value at Rs 330 per sq.ft, marking a 10% increase from the previous year. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Vichoor

In Vichoor, there are 45 streets under the Thiruvottiyur SRO that have a 2024 guideline value ranging from Rs 330 to Rs 550 per sq.ft, with a median value of Rs 485 per sq.ft. The guideline value for Arul Murugan Nagar/ Ext / All Phases is below this median.

Stamp duty and registration fee for property in Arul Murugan Nagar/ Ext / All Phases

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total cost for these fees to Rs 29,700. 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 details.

Which Sub Registrar Office covers Arul Murugan Nagar/ Ext / All Phases?

The Sub Registrar Office that covers Arul Murugan Nagar/ Ext / All Phases is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vichoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. This ensures that the government receives the appropriate revenue based on the property's assessed value.

When a property is sold, the guideline value helps in establishing a fair price for the transaction, which is essential for both buyers and sellers. It is important to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Arul Murugan Nagar/ Ext / All Phases?

The current guideline value of Arul Murugan Nagar/ Ext / All Phases is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then back to Rs 300 per sq.ft in 2023, and currently stands at Rs 330 per sq.ft in 2024.

What is the land classification for Arul Murugan Nagar/ Ext / All Phases?

The land classification for Arul Murugan Nagar/ Ext / All Phases is Residential Class I Type - III.

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 29,700.