Guideline Value for ARUMUGAM NAGAR PHASE III

Arumugam Nagar Phase III guideline value

The current guideline value of Arumugam Nagar Phase III is Rs 896 per sq.ft, effective from 1 July 2024. This area is located in Kattoor village under the Thiruporur SRO, classified as Residential Special Type - III.

How the guideline value of Arumugam Nagar Phase III has changed

The guideline value for Arumugam Nagar Phase III has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 896 per sq.ft, which is unchanged from the 2023 revision. Prior to this, the 2017 revision set the value at Rs 600 per sq.ft, indicating a significant increase of 49% from 2017 to 2023 and the same percentage from 2017 to 2024.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Thus, the only revisions recorded are from 2017, 2023, and 2024, with the 2024 and 2023 values being identical.

Guideline values in Kattoor

Kattoor village has 22 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 1,493 per sq.ft, with a median value of Rs 749 per sq.ft. The guideline value of Arumugam Nagar Phase III is above this median.

• Arumugam Nagar Phase II: Rs 896 per sq.ft (2024)
• Balaji City Radhan Nagar: Rs 250 per sq.ft (2024)
• Adp Dram City: Rs 1,269 per sq.ft (2024)
• Brindhavan Nagar Phase I: Rs 250 per sq.ft (2024)
• M.S. Nagar: Rs 1,269 per sq.ft (2024)
• Palm Avenue: Rs 602 per sq.ft (2024)

Stamp duty and registration fee for property in Arumugam Nagar Phase III

For a 1,000 sq.ft plot at the current rate of Rs 896 per sq.ft, the guideline value amounts to Rs 8,96,000. The stamp duty at 7% would be Rs 62,720, and the registration fee at 2% would be Rs 17,920, totaling Rs 80,640. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arumugam Nagar Phase III?

The Sub Registrar Office covering Arumugam Nagar Phase III is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kattoor. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that all transactions are recorded at a fair value.

When buying or selling property, the guideline value helps in assessing the financial obligations related to registration. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Arumugam Nagar Phase III?

The current guideline value of Arumugam Nagar Phase III is Rs 896 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 896 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 600 per sq.ft in 2017 to the current value.

What is the land classification of Arumugam Nagar Phase III?

Arumugam Nagar Phase III is classified as Residential Special Type - III, indicating its designation for residential purposes.

Where can I find the Sub Registrar Office for Arumugam Nagar Phase III?

The Sub Registrar Office for Arumugam Nagar Phase III is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How is stamp duty calculated for property in Arumugam Nagar Phase III?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 896 per sq.ft, the total guideline value would be Rs 8,96,000, leading to a stamp duty of Rs 62,720.