Guideline Value

Corporate

Guideline Value for ARUMUGAM NAGAR MAIN ROAD

₹2420/sq.ft.

The guideline value for Arumugam Nagar Main Road 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 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
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 Main Road

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Arumugam Nagar Main Road guideline value

The current guideline value of Arumugam Nagar Main Road is Rs 2,420 per sq.ft, effective from 1 July 2024. This road is located in Pallikaranai village, under the Chennai South Joint I SRO, and is classified as Residential Class I Type - I.

How the guideline value of Arumugam Nagar Main Road has changed

The guideline value for Arumugam Nagar Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which was a decrease of 33% from Rs 1,474 per sq.ft in the 2017 revision. The 2023 revision then increased the value to Rs 2,200 per sq.ft, followed by a further increase of 10% to the current value of Rs 2,420 per sq.ft in 2024.

From 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Pallikaranai

Pallikaranai has a total of 749 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, making the current value of Arumugam Nagar Main Road above this median.

Stamp duty and registration fee for property in Arumugam Nagar Main Road

For a 1,000 sq.ft plot at the current rate of Rs 2,420 per sq.ft, the guideline value amounts to 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, bringing the total to Rs 2,17,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arumugam Nagar Main Road?

The Sub Registrar Office that covers Arumugam Nagar Main Road 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 information.

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

The guideline value is a critical factor in property transactions in Pallikaranai, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it affects the stamp duty and registration fees applicable to the transaction.

When a property is sold, the registration office uses the guideline value to calculate the duties and fees. This ensures that all transactions are recorded at a value that reflects the official pricing set by the government, which helps maintain transparency in the real estate market.

Frequently asked questions

What is the current guideline value of Arumugam Nagar Main Road?

The current guideline value of Arumugam Nagar Main Road 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 from Rs 2,200 per sq.ft in 2012 to Rs 2,420 per sq.ft in 2024, reflecting a 10% increase overall from 2012 to 2024.

What is the land classification of Arumugam Nagar Main Road?

Arumugam Nagar Main Road is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Arumugam Nagar Main Road?

The Sub Registrar Office for Arumugam Nagar Main Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for properties in Pallikaranai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 24,20,000 would incur a stamp duty of Rs 1,69,400 at the rate of 7%.