Guideline Value for Arulaleeswaran Koil, Vannan Kullakkarai Street, Othiyan Kulakkarai Street

Arulaleeswaran Koil, Vannan Kullakkarai Street, Othiyan Kulakkarai Street guideline value

The current guideline value for Arulaleeswaran Koil, Vannan Kullakkarai Street, Othiyan Kulakkarai Street is Rs 555 per sq.ft, effective from 1 July 2024. This street is located in Mathuranthagam village, under the Madurandakam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Arulaleeswaran Koil, Vannan Kullakkarai Street, Othiyan Kulakkarai Street has changed

The guideline value has undergone several revisions over the years. In 2007, the 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 sharply to Rs 500 per sq.ft in 2023, and most recently to Rs 555 per sq.ft in 2024, marking an increase of 11% from the previous year. Overall, from 2007 to 2024, the guideline value has increased by 217%.

The register does not have figures for the years 2002 and 2003 for this street. The changes between the revisions are notable, with a 186% increase from 2007 to 2012, followed by a 33% decrease from 2012 to 2017, and a substantial 49% increase from 2017 to 2023.

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, Vannan Kullakkarai Street, Othiyan Kulakkarai Street is below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 555 per sq.ft, the total guideline value is Rs 5,55,000. The stamp duty at 7% would be Rs 38,850, and the registration fee at 2% would be Rs 11,100, totaling Rs 49,950. 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 details.

Which Sub Registrar Office covers Arulaleeswaran Koil, Vannan Kullakkarai Street, Othiyan Kulakkarai Street?

The Sub Registrar Office that covers Arulaleeswaran Koil, Vannan Kullakkarai Street, Othiyan Kulakkarai 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 when buying or selling property in Mathuranthagam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and fairly.

When a property is sold, the buyer and seller must consider the guideline value to calculate the applicable stamp duty and registration fees. This ensures that the fees are based on a recognized value, which helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value for Arulaleeswaran Koil, Vannan Kullakkarai Street, Othiyan Kulakkarai Street?

The current guideline value for Arulaleeswaran Koil, Vannan Kullakkarai Street, Othiyan Kulakkarai 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, marking an overall increase of 217% over this period.

What is the registration office for this area?

The registration office for Arulaleeswaran Koil, Vannan Kullakkarai Street, Othiyan Kulakkarai Street is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value of Rs 555 per sq.ft would incur a stamp duty of Rs 38,850.

What are the other streets in Mathuranthagam with guideline values?

Other streets in Mathuranthagam also have varying guideline values. For instance, Arulaleeswaran Koil Street and Arulaleeswaran Pillayar Koil Street both have a guideline value of Rs 1,110 per sq.ft in 2024.