Guideline Value for ARULALEESVARANKOIL PONNIAMMAN KOIL STREET

Arulaleesvarankoil Ponniamman Koil Street guideline value

The current guideline value of Arulaleesvarankoil Ponniamman Koil Street is Rs 1,110 per sq.ft, effective from 1 July 2024. This street is located in Mathuranthagam village, under the Madurandakam SRO, and is classified as Residential Special Type - I.

How the guideline value of Arulaleesvarankoil Ponniamman Koil Street has changed

The guideline value for Arulaleesvarankoil Ponniamman Koil Street has undergone several revisions over the years. In 2007, the guideline value was Rs 250 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, it then decreased to Rs 670 per sq.ft in 2017 before rising again to Rs 1,000 per sq.ft in 2023. The latest revision in 2024 has set the guideline value at Rs 1,110 per sq.ft, marking an 11% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 344%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Mathuranthagam

In Mathuranthagam, there are 109 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,480 per sq.ft, with the median being Rs 1,100 per sq.ft. The guideline value for Arulaleesvarankoil Ponniamman Koil Street is at the median level, reflecting its position within the village.

• Arulaleeswaran Koil Malattu Kuttai Street, Bungalow Colony Mettu Street: Rs 555 per sq.ft (2024)
• Arulaleeswaran Koil Street: Rs 1,110 per sq.ft (2024)
• Arulaleeswaran Koil, Vannan Kullakkarai Street, Othiyan Kulakkarai Street: Rs 555 per sq.ft (2024)
• Arulaleeswaran Pillayar Koil Street: Rs 1,110 per sq.ft (2024)
• Appan Iyyengar Street: Rs 1,110 per sq.ft (2024)
• Anand Nagar: Rs 1,110 per sq.ft (2024)

Stamp duty and registration fee for property in Arulaleesvarankoil Ponniamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,110 per sq.ft, the total guideline value would be Rs 11,10,000. The stamp duty at 7% would amount to Rs 77,700, and the registration fee at 2% would be Rs 22,200, making the total fees together Rs 99,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Arulaleesvarankoil Ponniamman Koil Street?

The Sub Registrar Office that covers Arulaleesvarankoil Ponniamman Koil Street 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Mathuranthagam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, both parties must be aware of the guideline value, as it can affect the overall costs involved in the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Arulaleesvarankoil Ponniamman Koil Street?

The current guideline value of Arulaleesvarankoil Ponniamman Koil Street is Rs 1,110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 250 per sq.ft in 2007, increasing to Rs 1,000 in 2012, then decreasing to Rs 670 in 2017, and rising again to Rs 1,000 in 2023, before reaching Rs 1,110 in 2024.

What is the land classification for this street?

Arulaleesvarankoil Ponniamman Koil Street is classified as Residential Special Type - I.

Where can I find the registration office for this area?

The registration office covering Arulaleesvarankoil Ponniamman Koil Street is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

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 11,10,000, the stamp duty would be 7% of this value.