Guideline Value for ARUL MURUGAN NAGAR

Arul Murugan Nagar guideline value

The current guideline value of Arul Murugan Nagar is Rs 450 per sq.ft, effective from 1 July 2024. This area is located in Paandoor village under the Thiruporur SRO, classified as Residential Class I Type - I.

How the guideline value of Arul Murugan Nagar has changed

The guideline value for Arul Murugan Nagar has remained stable in recent years. The 2023 revision recorded a guideline value of Rs 450 per sq.ft, which was unchanged from the 2024 revision. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

Thus, the most recent revisions show no increase in the guideline value between 2023 and 2024, maintaining a consistent rate of Rs 450 per sq.ft.

Guideline values in Paandoor

In Paandoor, there are 35 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 450 to Rs 3,300 per sq.ft, with a median of Rs 1,493 per sq.ft. The guideline value for Arul Murugan Nagar is below this median.

• Bavisha Gardens: Rs 1,493 per sq.ft (2024)
• Amar Garden Phase I: Rs 2,000 per sq.ft (2024)
• Cosmo City: Rs 1,614 per sq.ft (2024)
• Dr. Apj Abdul Kalam Nagar: Rs 805 per sq.ft (2024)
• Gmr Avenue: Rs 600 per sq.ft (2024)
• Jai Avenue: Rs 1,493 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 450 per sq.ft, the total guideline value amounts to Rs 4,50,000. The stamp duty at 7% would be Rs 31,500, and the registration fee at 2% would be Rs 9,000, resulting in a total of Rs 40,500. 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 information.

Which Sub Registrar Office covers Arul Murugan Nagar?

The Sub Registrar Office that covers Arul Murugan Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Paandoor. It is used to determine the stamp duty and registration fees applicable for the transaction, ensuring compliance with local regulations.

When buying or selling property, the guideline value must be considered, as it affects the overall cost of the transaction. Buyers should be aware of these values to avoid any unexpected expenses during the registration process.

Frequently asked questions

What is the current guideline value of Arul Murugan Nagar?

The current guideline value of Arul Murugan Nagar is Rs 450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Arul Murugan Nagar has remained stable at Rs 450 per sq.ft from the 2023 revision to the 2024 revision. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What are the guideline values for other streets in Paandoor?

Other streets in Paandoor have varying guideline values, ranging from Rs 450 to Rs 3,300 per sq.ft. The median guideline value in Paandoor is Rs 1,493 per sq.ft.

How is stamp duty calculated for property in Arul Murugan Nagar?

Stamp duty for property in Arul Murugan Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 450 per sq.ft incurs a stamp duty of Rs 31,500.

Where can I find the Sub Registrar Office for Arul Murugan Nagar?

The Sub Registrar Office for Arul Murugan Nagar is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find more information by visiting the relevant website.