Guideline Value for ARULALEESWARAN KOIL STREET

Arulaleeswaran Koil Street guideline value

The current guideline value of Arulaleeswaran 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. The land classification for this area is Residential Special Type - I.

How the guideline value of Arulaleeswaran Koil Street has changed

Over the years, the guideline value of Arulaleeswaran Koil Street has seen significant changes. The earliest recorded revision was in 2007, setting the value at Rs 250 per sq.ft. This figure increased to Rs 1,000 per sq.ft in 2012, reflecting a substantial rise of 300%. However, the value then decreased to Rs 670 per sq.ft in 2017, marking a decline of 33%. The 2023 revision brought the value back up to Rs 1,000 per sq.ft, followed by the current revision in 2024, which is set at Rs 1,110 per sq.ft, an increase of 11% from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from the 2007 revision to the current 2024 revision, the guideline value has risen by 344%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

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. Arulaleeswaran Koil Street's 2024 guideline value of Rs 1,110 per sq.ft is above this median.

• Arulaleeswaran Koil Malattu Kuttai Street, Bungalow Colony Mettu Street: Rs 555 per sq.ft (2024)
• Arulaleeswaran Koil, Vannan Kullakkarai Street, Othiyan Kulakkarai Street: Rs 555 per sq.ft (2024)
• Arulaleesvarankoil Ponniamman Koil Street: Rs 1,110 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 Street

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

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Arulaleeswaran Koil Street?

The Sub Registrar Office that covers Arulaleeswaran 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 information.

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

The guideline value is a crucial factor in the registration process for 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 a property, the guideline value serves as a benchmark for both parties. If the sale price exceeds the guideline value, the duty will be calculated based on the sale price to ensure compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Arulaleeswaran Koil Street?

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

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 250 per sq.ft to Rs 1,110 per sq.ft in 2024, representing an overall increase of 344%.

What is the land classification for Arulaleeswaran Koil Street?

The land classification for Arulaleeswaran Koil Street is Residential Special Type - I.

Where is the Madurandakam Sub Registrar Office located?

The Madurandakam Sub Registrar Office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Arulaleeswaran Koil Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate has a guideline value of Rs 11,10,000, leading to a stamp duty of Rs 77,700.