Guideline Value for ARULMIGU MUPATHAMMAN NAGAR

Arulmigu Mupathamman Nagar guideline value

The current guideline value of Arulmigu Mupathamman Nagar is Rs 450 per sq.ft, effective from 1 July 2024. This area is located in Kattupakkam village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of Arulmigu Mupathamman Nagar has changed

The guideline value for Arulmigu Mupathamman Nagar has seen various revisions over the years. The 2012 revision set the value at Rs 450 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 301 per sq.ft. However, from 2017 to 2023, the value increased by 50% back to Rs 450 per sq.ft. The 2024 revision has maintained this rate, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 revision to the 2024 revision, there has been no net change in the guideline value.

Guideline values in Kattupakkam

In Kattupakkam, there are 27 streets under the Gooduvancheri SRO that have a 2024 guideline value ranging from Rs 400 to Rs 1,500 per sq.ft, with a median value of Rs 500 per sq.ft. The guideline value for Arulmigu Mupathamman Nagar is below this median.

• Amman Avenue: Rs 500 per sq.ft (2024)
• Abdul Kalam Nagar Anneux-I: Rs 400 per sq.ft (2024)
• Dalmia Nagar: Rs 500 per sq.ft (2024)
• Dr.Abdul Kalam Nagar: Rs 400 per sq.ft (2024)
• Ishwarya Avenue: Rs 500 per sq.ft (2024)
• Ishwarya Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Arulmigu Mupathamman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 450 per sq.ft, the guideline value amounts to Rs 4,50,000. The stamp duty is charged at 7%, which totals Rs 31,500, and the registration fee at 2% amounts to Rs 9,000. Together, these fees total Rs 40,500. 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 Arulmigu Mupathamman Nagar?

The Sub Registrar Office that covers Arulmigu Mupathamman Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kattupakkam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Arulmigu Mupathamman Nagar?

The current guideline value of Arulmigu Mupathamman Nagar is Rs 450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 450 per sq.ft from 2012 to 2014, dropped to Rs 301 per sq.ft in 2017, and returned to Rs 450 per sq.ft in 2023, with no change in 2024.

What is the median guideline value for streets in Kattupakkam?

The median guideline value for the 27 streets in Kattupakkam under the Gooduvancheri SRO is Rs 500 per sq.ft.

What fees are associated with buying property in Arulmigu Mupathamman Nagar?

When buying property, the fees include a stamp duty of 7% and a registration fee of 2% on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Arulmigu Mupathamman Nagar?

The Gooduvancheri Sub Registrar Office covers Arulmigu Mupathamman Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.