Guideline Value for ARUMUGA MUDALIAR NAGAR

Arumuga Mudaliar Nagar guideline value

The current guideline value of Arumuga Mudaliar Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This locality is situated in Thadaperumbakkam village, under the Ponneri Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - II.

How the guideline value of Arumuga Mudaliar Nagar has changed

In the 2023 revision, the guideline value for Arumuga Mudaliar Nagar was also set at Rs 500 per sq.ft. There has been no change in the guideline value from 2023 to 2024, reflecting a 0% increase. The register has no figures for this street in the revisions from 2017, 2012, 2007, 2003, and 2002.

As such, the guideline value has remained consistent at Rs 500 per sq.ft for the last two revisions. The absence of figures in earlier revisions indicates that the guideline value has not been established for this street prior to 2023.

Guideline values in Thadaperumbakkam

In Thadaperumbakkam, there are 50 streets under the Ponneri SRO that have a 2024 guideline value ranging from Rs 500 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 501 per sq.ft, placing Arumuga Mudaliar Nagar's 2024 figure below this median.

• Arumuga Mudhaliyar Nagar: Rs 500 per sq.ft (2024)
• Annamalai Nagar: Rs 600 per sq.ft (2024)
• Annai Abirami Nagar: Rs 501 per sq.ft (2024)
• Balaji Nagar: Rs 600 per sq.ft (2024)
• Balamurugan Nagar: Rs 600 per sq.ft (2024)
• Ali Nagar: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Arumuga Mudaliar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty is calculated at 7%, amounting to Rs 35,000, and the registration fee is 2%, which totals Rs 10,000. Therefore, the combined cost for stamp duty and registration fee would be Rs 45,000. It is important to note that 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 Arumuga Mudaliar Nagar?

The Sub Registrar Office that covers Arumuga Mudaliar Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thadaperumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the guideline value is considered alongside the sale price. The stamp duty and registration fees are calculated based on the higher of the two values, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Arumuga Mudaliar Nagar?

The current guideline value of Arumuga Mudaliar Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Arumuga Mudaliar Nagar has been Rs 500 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for this street in the revisions from 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Arumuga Mudaliar Nagar?

The land classification for Arumuga Mudaliar Nagar is Residential Special Type - II, indicating its suitability for residential development.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Arumuga Mudaliar Nagar?

Stamp duty for properties in Arumuga Mudaliar Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% on the guideline value.