Guideline Value for ARUMUGAM NAGAR

Arumugam Nagar guideline value

The current guideline value of Arumugam Nagar is Rs 1,760 per sq.ft, effective from 1 July 2024. This locality is situated in Kunrathour-B village under the Kunrathur SRO, and the land classification is Mixed Special Type - III.

How the guideline value of Arumugam Nagar has changed

The guideline value for Arumugam Nagar has seen revisions over the years. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the value at Rs 1,600 per sq.ft, which was an increase from the previous figure. The latest revision in 2024 raised the guideline value to Rs 1,760 per sq.ft, reflecting a 10% increase from the 2023 figure.

This increase places the current guideline value above the median of Rs 1,540 per sq.ft for the 325 streets in Kunrathour-B under the Kunrathur SRO, which range from Rs 660 to Rs 5,130 per sq.ft.

Guideline values in Kunrathour-B

In Kunrathour-B, the guideline values vary significantly among different streets. With Arumugam Nagar's 2024 figure being Rs 1,760 per sq.ft, it is above the median value for the area.

• Arulmurugan Nagar: Rs 1,210 per sq.ft (2024)
• Arul Jothi Nagar: Rs 1,210 per sq.ft (2024)
• Arunachaleshwar Nagar: Rs 1,430 per sq.ft (2024)
• Arignar Anna Street I St.,: Rs 660 per sq.ft (2024)
• Arignar Anna Street II St.,: Rs 660 per sq.ft (2024)
• Arignar Anna Street III St.,: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Arumugam Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,760 per sq.ft, the guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, totaling Rs 1,58,400. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arumugam Nagar?

The Sub Registrar Office that covers Arumugam Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor in the registration process when buying or selling property in Kunrathour-B. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

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

Frequently asked questions

What is the current guideline value of Arumugam Nagar?

The current guideline value of Arumugam Nagar is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 1,600 per sq.ft in 2023 to Rs 1,760 per sq.ft in 2024, representing a 10% increase.

What is the land classification of Arumugam Nagar?

Arumugam Nagar is classified as Mixed Special Type - III under the land classification system.

Where can I find the registration office for Arumugam Nagar?

The registration office for Arumugam Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Arumugam Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 17,60,000, the stamp duty at 7% would be Rs 1,23,200.