Guideline Value for ARUMUGAM NAGAR

Arumugam Nagar guideline value

The current guideline value of Arumugam Nagar is Rs 879 per sq.ft, effective from 1 July 2024. This area is located in Periyakuppam village under the Tiruvallur Joint 1 SRO, classified as Residential Special Type - IV.

How the guideline value of Arumugam Nagar has changed

In the 2012 revision, the guideline value was Rs 800 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 536 per sq.ft, a decrease of 33%. The value then increased significantly to Rs 800 per sq.ft in the 2023 revision, followed by a further increase to Rs 879 per sq.ft in the 2024 revision, marking a 10% rise.

From 2017 to 2023, the guideline value saw a substantial increase of 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 Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,300 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Arumugam Nagar is below this median.

• Anna Street: Rs 1,100 per sq.ft (2024)
• Athiyaman Cross Street: Rs 879 per sq.ft (2024)
• Athiyaman Street: Rs 1,100 per sq.ft (2024)
• Ayyanar Avenue: Rs 1,320 per sq.ft (2024)
• Bai - Pass Road: Rs 3,300 per sq.ft (2024)
• Annai Indira Gandhi Nagar: Rs 879 per sq.ft (2024)

Stamp duty and registration fee for property in Arumugam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 879 per sq.ft, the total guideline value would be Rs 8,79,000. The stamp duty at 7% would amount to Rs 61,530, and the registration fee at 2% would be Rs 17,580, bringing the total to Rs 79,110. 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 further assistance.

Which Sub Registrar Office covers Arumugam Nagar?

The Sub Registrar Office that covers Arumugam Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Periyakuppam. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is sold, the guideline value is used to calculate the applicable charges, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction. It is crucial for all parties to understand the guideline value to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of Arumugam Nagar?

The current guideline value of Arumugam Nagar is Rs 879 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then back to Rs 800 per sq.ft in 2023, and finally to Rs 879 per sq.ft in 2024.

What is the land classification for Arumugam Nagar?

Arumugam Nagar is classified as Residential Special Type - IV under the guideline value register.

Where can I find the registration office for Arumugam Nagar?

The registration office for Arumugam Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

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

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 879 per sq.ft, the total guideline value would be Rs 8,79,000, leading to a stamp duty of Rs 61,530.