Guideline Value for ARUMUGAM NAGAR PHASE II

Arumugam Nagar Phase II guideline value

The current guideline value of Arumugam Nagar Phase II is Rs 896 per sq.ft. 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 II has changed

According to the guideline value register, the 2024 revision shows a guideline value of Rs 896 per sq.ft, which is the same as the 2023 revision. There are no figures available for the revisions in the years 2017, 2012, 2007, 2003, and 2002 for this street.

From 2023 to 2024, there was no change in the guideline value, remaining at Rs 896 per sq.ft. This consistency indicates stability in the valuation for this property over the last two years.

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 for Arumugam Nagar Phase II is above this median.

• Arumugam Nagar Phase III: 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 II

For a 1,000 sq.ft plot at the current guideline value of Rs 896 per sq.ft, the total guideline value would be Rs 8,96,000. The stamp duty at 7% would amount to Rs 62,720, and the registration fee at 2% would be Rs 17,920, making the total cost for these fees Rs 80,640. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arumugam Nagar Phase II?

The Sub Registrar Office that covers Arumugam Nagar Phase II 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 details.

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

The guideline value plays a crucial role during the registration of property transactions in Kattoor. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is compared with the sale price, and the higher of the two values is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Arumugam Nagar Phase II is Rs 896 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value for Arumugam Nagar Phase II has remained consistent at Rs 896 per sq.ft from the 2023 revision to the 2024 revision. There are no figures available for revisions in the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the classification of land in Arumugam Nagar Phase II?

The land classification for Arumugam Nagar Phase II is Residential Special Type - III, indicating its intended use for residential purposes.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 8,96,000, the stamp duty would be Rs 62,720, and the registration fee would be Rs 17,920, totaling Rs 80,640. These fees are calculated based on the guideline value or the sale price, whichever is higher.

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

The Thiruporur Sub Registrar Office covers Arumugam Nagar Phase II and is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.