Guideline Value for ARUMUGA MUDHALIYAR NAGAR

Arumuga Mudhaliyar Nagar guideline value

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

How the guideline value of Arumuga Mudhaliyar Nagar has changed

The guideline value for Arumuga Mudhaliyar Nagar has remained consistent at Rs 500 per sq.ft since the 2023 revision, with no change from 2023 to 2024, reflecting a 0% increase. Prior revisions from 2017, 2012, 2007, 2003, and 2002 have no figures recorded for this street in the register.

In summary, the 2024 revision maintains the same rate as the previous year, indicating stability in the guideline value for this area. The absence of figures in earlier revisions suggests a lack of recorded changes for this street over the years.

Guideline values in Thadaperumbakkam

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

• Arumuga Mudaliar 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 Mudhaliyar Nagar

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. 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 further calculations.

Which Sub Registrar Office covers Arumuga Mudhaliyar Nagar?

The Ponneri Sub Registrar Office covers Arumuga Mudhaliyar Nagar. The office is 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 is a crucial factor during the registration of property transactions in Thadaperumbakkam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the established rates.

When buying or selling property, the guideline value helps to establish a fair value for the transaction, which is essential for legal and tax purposes. It is important for buyers and sellers to be aware of the current guideline values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Arumuga Mudhaliyar Nagar?

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

Have there been any changes in the guideline value recently?

Yes, the guideline value has remained the same at Rs 500 per sq.ft from the 2023 revision to the 2024 revision, indicating no change.

What is the land classification for Arumuga Mudhaliyar Nagar?

The land classification for Arumuga Mudhaliyar Nagar is Residential Special Type - II.

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.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It acts as a benchmark for establishing the value of the property being bought or sold.