Guideline Value for ARULALEESWARAN PILLAYAR KOIL STREET

Arulaleeswaran Pillayar Koil Street guideline value

The current guideline value of Arulaleeswaran Pillayar Koil Street is Rs 1,110 per sq.ft. 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 Pillayar Koil Street has changed

The guideline value for Arulaleeswaran Pillayar Koil Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 250 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft. The 2023 revision saw a rise to Rs 1,000 per sq.ft, followed by the latest revision in 2024, which set the value at Rs 1,110 per sq.ft. The register has no figure for this street in the years 2002 and 2003.

Between the revisions, there were notable changes. From 2007 to 2012, the value increased by 300%, but it decreased by 33% from 2012 to 2017. The value then rose by 49% from 2017 to 2023, and finally, there was an 11% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 344%.

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. The median value for these streets is Rs 1,100 per sq.ft, placing Arulaleeswaran Pillayar Koil Street's 2024 figure above that median.

• Arulaleeswaran Koil, Vannan Kullakkarai Street, Othiyan Kulakkarai Street: Rs 555 per sq.ft (2024)
• Arulaleeswaran 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 Pillayar 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 be Rs 77,700, and the registration fee at 2% would be Rs 22,200, bringing the total charges to Rs 99,900. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arulaleeswaran Pillayar Koil Street?

The Sub Registrar Office that covers Arulaleeswaran Pillayar 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 an essential factor when buying or selling property in Mathuranthagam. It determines the minimum value at which properties must be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a buyer and seller agree on a sale price, the higher of the sale price and the guideline value will be used to calculate the applicable duties. This ensures that all transactions are transparent and adhere to the legal requirements set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Arulaleeswaran Pillayar Koil Street?

The current guideline value of Arulaleeswaran Pillayar 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 changed from Rs 250 per sq.ft in 2007 to Rs 1,110 per sq.ft in 2024, reflecting an overall increase of 344% over the years.

What is the median guideline value in Mathuranthagam?

The median guideline value for streets in Mathuranthagam is Rs 1,100 per sq.ft, with Arulaleeswaran Pillayar Koil Street's 2024 value being above this median.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 99,900, calculated based on the guideline value of Rs 11,10,000.

Where is the Sub Registrar Office for this street located?

The Madurandakam Sub Registrar Office, which covers Arulaleeswaran Pillayar Koil Street, is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.