Guideline Value for ARUMUGASWAMY KOIL STRET

Arumugaswamy Koil Stret guideline value

The current guideline value of Arumugaswamy Koil Stret is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Tiruttani village, under the Thiruttani SRO, and is classified as Residential Class III Type - I.

How the guideline value of Arumugaswamy Koil Stret has changed

The guideline value for Arumugaswamy Koil Stret has seen several revisions over the years. The earliest available revision is from 2017, where the guideline value was Rs 502 per sq.ft. This increased to Rs 750 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 825 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 64%, demonstrating a steady rise in the valuation of this street.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value, ranging from Rs 548 to Rs 1,540 per sq.ft. The median value is Rs 825 per sq.ft, which is equal to the guideline value of Arumugaswamy Koil Stret.

• Arikarai Street: Rs 825 per sq.ft (2024)
• Arakonam Road ( Mgr Nagar To Mali Pathai): Rs 1,099 per sq.ft (2024)
• Anumanthapuram: Rs 825 per sq.ft (2024)
• Anna Nagar: Rs 550 per sq.ft (2024)
• Anna Kudiyiruppu 1 & 2: Rs 550 per sq.ft (2024)
• Bajanai Koil Street: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Arumugaswamy Koil Stret

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value would be Rs 8,25,000. The stamp duty, calculated at 7%, would amount to Rs 57,750, while the registration fee at 2% would be Rs 16,500. Together, these fees total Rs 74,250. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arumugaswamy Koil Stret?

The Sub Registrar Office that covers Arumugaswamy Koil Stret is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor in the registration process when buying or selling property in Tiruttani. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, 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 based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Arumugaswamy Koil Stret?

The current guideline value of Arumugaswamy Koil Stret is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 502 per sq.ft in 2017 to Rs 750 per sq.ft in 2023, and then to Rs 825 per sq.ft in 2024. This indicates a total increase of 64% from 2017 to 2024.

What are the stamp duty rates for property in Tiruttani?

The stamp duty for property transactions in Tiruttani is typically charged at 7% of the higher value between the guideline value and the sale price. Additionally, a registration fee of 2% is applicable.

Where is the Thiruttani Sub Registrar Office located?

The Thiruttani Sub Registrar Office is located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

What is the land classification of Arumugaswamy Koil Stret?

Arumugaswamy Koil Stret is classified as Residential Class III Type - I, indicating its suitability for residential development.