Guideline Value for ARULALEESWARAN KOIL MALATTU KUTTAI STREET, BUNGALOW COLONY METTU STREET

Arulaleeswaran Koil Malattu Kuttai Street, Bungalow Colony Mettu Street guideline value

The current guideline value for Arulaleeswaran Koil Malattu Kuttai Street, Bungalow Colony Mettu Street is Rs 555 per sq.ft, effective from 1 July 2024. This street is located in Mathuranthagam village and falls under the Madurandakam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Arulaleeswaran Koil Malattu Kuttai Street, Bungalow Colony Mettu Street has changed

The guideline value for Arulaleeswaran Koil Malattu Kuttai Street has undergone several revisions over the years. In 2007, the guideline value was Rs 175 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2012. However, it saw a decrease to Rs 335 per sq.ft in 2017. The value then rose to Rs 500 per sq.ft in 2023, and currently stands at Rs 555 per sq.ft in the 2024 revision. The changes between these revisions are as follows: from 2007 to 2012, there was an increase of 186%, followed by a decrease of 33% from 2012 to 2017. The value increased by 49% from 2017 to 2023, and finally, there was an increase of 11% from 2023 to 2024.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, the guideline value has increased by 217% from 2007 to 2024.

Guideline values in Mathuranthagam

In Mathuranthagam village, there are 109 streets under the Madurandakam SRO that have a 2024 guideline value ranging from Rs 440 to Rs 1,480 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Arulaleeswaran Koil Malattu Kuttai Street is below this median.

• Arulaleesvarankoil Ponniamman Koil Street: Rs 1,110 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 Arulaleeswaran Koil Malattu Kuttai Street, Bungalow Colony Mettu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 555 per sq.ft, the total guideline value amounts to Rs 5,55,000. The stamp duty, calculated at 7%, would be Rs 38,850, and the registration fee at 2% would be Rs 11,100, bringing the total fees to Rs 49,950. 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 Arulaleeswaran Koil Malattu Kuttai Street, Bungalow Colony Mettu Street?

The Sub Registrar Office that covers Arulaleeswaran Koil Malattu Kuttai 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 plays a crucial role in the registration process when buying or selling property in Mathuranthagam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers should be aware that the guideline value is used to calculate these fees, ensuring that the transaction is legally compliant.

When a property is registered, the guideline value is checked against the sale price. The higher of the two values is used to determine the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Arulaleeswaran Koil Malattu Kuttai Street?

The current guideline value for Arulaleeswaran Koil Malattu Kuttai Street is Rs 555 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 175 per sq.ft in 2007 to Rs 555 per sq.ft in 2024, representing an overall increase of 217% over this period.

What are the stamp duty and registration fees for property in this area?

For a property of 1,000 sq.ft at the current guideline value, the total stamp duty is Rs 38,850, and the registration fee is Rs 11,100, totaling Rs 49,950.

Which Sub Registrar Office handles registrations for this street?

The Madurandakam Sub Registrar Office handles registrations for Arulaleeswaran Koil Malattu Kuttai Street, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

What is the land classification for this street?

The land classification for Arulaleeswaran Koil Malattu Kuttai Street is Residential Class I Type - I, indicating its designation for residential use.