Guideline Value for ARUL MURUGAN RAMAMOORTHI 2ND STREET

Arul Murugan Ramamoorthi 2nd Street guideline value

The current guideline value of Arul Murugan Ramamoorthi 2nd Street is Rs 2,160 per sq.ft. This street is located in Nemilicherry village, under the Pallavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Arul Murugan Ramamoorthi 2nd Street has changed

The guideline value for Arul Murugan Ramamoorthi 2nd Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,340 per sq.ft. In 2023, the value increased to Rs 2,000 per sq.ft again, and the most recent 2024 revision has set it at Rs 2,160 per sq.ft. Notably, 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, there was a significant increase of 49% from 2017 to 2023. The value then increased by 8% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Nemilicherry

In Nemilicherry, there are 172 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median value for these streets is Rs 2,160 per sq.ft, which matches the current guideline value of Arul Murugan Ramamoorthi 2nd Street.

• Arulmurugan Ramamoorthy Nagar: Rs 2,420 per sq.ft (2024)
• Arulmurugan Nandavanam Nagar: Rs 2,420 per sq.ft (2024)
• Asokan Street: Rs 2,160 per sq.ft (2024)
• Annamalai Street: Rs 2,420 per sq.ft (2024)
• Annai Therasa Street: Rs 2,160 per sq.ft (2024)
• Bajanai Koil Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Arul Murugan Ramamoorthi 2nd Street

For a 1,000 sq.ft plot at the current guideline value, the total guideline value amounts to Rs 21,60,000. The stamp duty at 7% would be Rs 1,51,200, and the registration fee at 2% would be Rs 43,200, bringing the total to Rs 1,94,400. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arul Murugan Ramamoorthi 2nd Street?

The Sub Registrar Office that covers Arul Murugan Ramamoorthi 2nd Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Nemilicherry, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees that need to be paid at the time of registration.

It is crucial for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. The guideline value serves as a benchmark for property valuation, ensuring that transactions are conducted fairly and transparently.

Frequently asked questions

What is the current guideline value of Arul Murugan Ramamoorthi 2nd Street?

The current guideline value of Arul Murugan Ramamoorthi 2nd Street is Rs 2,160 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,160 per sq.ft in 2024.

What is the land classification of this street?

Arul Murugan Ramamoorthi 2nd Street is classified as Residential Class II Type - I.

Where can I find information about the Pallavaram SRO?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find more details by following the link provided.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 21,60,000, the stamp duty at 7% would be Rs 1,51,200.