Guideline Value

Corporate

Guideline Value for ARUMUGAM NAGAR 1ST STREET

₹2420/sq.ft.

The guideline value for Arumugam Nagar 1st Street in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 2420 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2420 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1474 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹917 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹123 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹104 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Arumugam Nagar 1st Street

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Arumugam Nagar 1st Street guideline value

The current guideline value of Arumugam Nagar 1st Street is Rs 2,420 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Arumugam Nagar 1st Street has changed

The guideline value for Arumugam Nagar 1st Street has seen several revisions over the years. In 2002, the guideline value was Rs 104 per sq.ft. This figure increased to Rs 123 per sq.ft in 2003, reflecting an increase of 18%. The value then rose significantly to Rs 917 per sq.ft in 2007, marking a substantial increase of 646%. Following this, the value reached Rs 2,200 per sq.ft in 2012, which was a 140% increase from the previous revision. However, from 2012 to 2017, the value decreased to Rs 1,474 per sq.ft, showing a decline of 33%. The guideline value then increased to Rs 2,200 per sq.ft in 2023, and most recently, it has risen to Rs 2,420 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 2227%. The register has no figure for this street for the years not mentioned in the revisions.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,110 to Rs 8,580 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value for Arumugam Nagar 1st Street is above this median.

Stamp duty and registration fee for property in Arumugam Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value would be Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, making the total cost for these fees Rs 2,17,800. 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 information.

Which Sub Registrar Office covers Arumugam Nagar 1st Street?

The Sub Registrar Office that covers Arumugam Nagar 1st Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pallikaranai. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value serves as a benchmark for calculating the financial obligations associated with the sale. Therefore, understanding the guideline value is essential for anyone involved in property transactions in the area.

Frequently asked questions

What is the current guideline value of Arumugam Nagar 1st Street?

The current guideline value of Arumugam Nagar 1st Street is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 104 per sq.ft in 2002 to Rs 2,420 per sq.ft in 2024, reflecting an overall increase of 2227% over the years.

What is the land classification for Arumugam Nagar 1st Street?

The land classification for Arumugam Nagar 1st Street is Residential Class I Type - I.

Where can I calculate the stamp duty and registration fees?

You can calculate the stamp duty and registration fees using the stamp duty and registration fee calculator.

Which office handles registrations for Arumugam Nagar 1st Street?

The Chennai South Joint I Sub Registrar Office handles registrations for Arumugam Nagar 1st Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.