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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_b 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_b

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 N/A
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 for Arul Murugan Nagar/ Ext / All Phases is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Vichoor_B village, under the Thiruvottiyur SRO, and is classified as 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 seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 330 per sq.ft, an increase of 10% from the 2023 figure of Rs 300 per sq.ft. Prior to that, in 2017, the guideline value was Rs 201 per sq.ft, marking a significant increase of 49% to the 2023 value. The overall change from 2017 to 2024 is a rise of 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street, indicating that the guideline value has only been recorded from 2017 onwards.

Guideline values in Vichoor_B

In Vichoor_B, there are 45 streets under the Thiruvottiyur SRO that carry 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 amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total cost 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.

For more information, you can use the stamp duty and registration fee calculator.

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 details.

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

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

When a property is sold, the guideline value will be used to calculate the applicable fees, ensuring that the government receives the correct amount based on the established rates. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

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

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

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 201 per sq.ft to Rs 330 per sq.ft in 2024, which is a total increase of 64%. The most recent change was a 10% increase from Rs 300 per sq.ft in 2023.

What are the other streets in Vichoor_B with their guideline values?

Other streets in Vichoor_B include Annai Indra Gandhi Nagar at Rs 440 per sq.ft, Anand Nagar at Rs 485 per sq.ft, A.M.Garden and Bhoobalan Nagar both at Rs 330 per sq.ft, and Chandra Avenue and Chandra Nagar both at Rs 440 per sq.ft.

What is the stamp duty rate for property transactions in Arul Murugan Nagar/ Ext / All Phases?

The stamp duty rate for property transactions in Arul Murugan Nagar/ Ext / All Phases is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Arul Murugan Nagar/ Ext / All Phases?

The Thiruvottiyur Sub Registrar Office covers Arul Murugan Nagar/ Ext / All Phases, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.