Guideline Value for ARUL MURUGAN NAGAR

Arul Murugan Nagar guideline value

The current guideline value of Arul Murugan Nagar is Rs 103 per sq.ft, effective from 1 July 2024. This area is located in Kizhamoor village and falls under the Madurandakam SRO. The land classification for this locality is Residential Special Type - I.

How the guideline value of Arul Murugan Nagar has changed

Over the years, the guideline value of Arul Murugan Nagar has seen several revisions. The 2012 revision set the guideline value at Rs 100 per sq.ft. This remained unchanged until the 2017 revision, which decreased the value to Rs 67 per sq.ft, marking a decline of 33%. However, the value increased significantly to Rs 100 per sq.ft in the 2023 revision, and it further rose to Rs 103 per sq.ft in the 2024 revision, reflecting a 3% increase.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a marginal increase of 3%. It is important to note that the revisions for the years 2002, 2003, and 2007 do not have any figures listed for this street.

Guideline values in Kizhamoor

In addition to Arul Murugan Nagar, Kizhamoor has other streets with their respective guideline values. The guideline value for Arul Murugan Nagar is currently Rs 103 per sq.ft, while the other streets in Kizhamoor include:

• Sri Lakshmi Nagar: Rs 104 per sq.ft (2024)

Stamp duty and registration fee for property in Arul Murugan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 103 per sq.ft, the total guideline value would be Rs 1,03,000. The stamp duty at 7% would amount to Rs 7,210, and the registration fee at 2% would be Rs 2,060, bringing the total to Rs 9,270. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arul Murugan Nagar?

The Sub Registrar Office that covers Arul Murugan Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kizhamoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is in line with government regulations.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Arul Murugan Nagar?

The current guideline value of Arul Murugan Nagar is Rs 103 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023, and finally to Rs 103 per sq.ft in 2024.

What is the land classification of Arul Murugan Nagar?

The land classification for Arul Murugan Nagar is Residential Special Type - I.

What are the stamp duty and registration fees for a property in Arul Murugan Nagar?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 7,210, and the registration fee would be Rs 2,060, totaling Rs 9,270.

Which office handles registrations for Arul Murugan Nagar?

The Madurandakam Sub Registrar Office handles registrations for Arul Murugan Nagar, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.