Guideline Value for Arul Migu Kamatchi Amman Nagar

Arul Migu Kamatchi Amman Nagar guideline value

The current guideline value of Arul Migu Kamatchi Amman Nagar is Rs 1,870 per sq.ft, effective from 1 July 2024. This village falls under the Kunrathur SRO and is classified as Residential Class I Type - I.

How the guideline value of Arul Migu Kamatchi Amman Nagar has changed

The guideline value for Arul Migu Kamatchi Amman Nagar has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 1,139 per sq.ft. This increased to Rs 1,700 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,870 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 3,300 per sq.ft, with a median value of Rs 1,870 per sq.ft. The guideline value of Arul Migu Kamatchi Amman Nagar aligns with this median.

• A.R. Nagar: Rs 1,540 per sq.ft (2024)
• Appavoo Nagar, 1st Road to IIIrd Road: Rs 1,540 per sq.ft (2024)
• Ashok Nagar: Rs 1,540 per sq.ft (2024)
• A.S. Nagar: Rs 1,540 per sq.ft (2024)
• A.S.R.city: Rs 1,540 per sq.ft (2024)
• Ayyan Nagar: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Arul Migu Kamatchi Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value amounts to Rs 18,70,000. The stamp duty at 7% would be Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, bringing the total to Rs 1,68,300. 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 Arul Migu Kamatchi Amman Nagar?

The Sub Registrar Office that covers Arul Migu Kamatchi Amman Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value is a critical factor in the registration process for property transactions in Mangadu -A. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps establish a baseline for negotiations and ensures transparency in the transaction process. Buyers and sellers should be aware of the current guideline value to make informed decisions.

Frequently asked questions

What is the current guideline value of Arul Migu Kamatchi Amman Nagar?

The current guideline value of Arul Migu Kamatchi Amman Nagar is Rs 1,870 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

Since the 2017 revision, the guideline value has increased by 64%, from Rs 1,139 per sq.ft to Rs 1,870 per sq.ft in 2024. The value rose by 49% from 2017 to 2023 and by 10% from 2023 to 2024.

What is the land classification of Arul Migu Kamatchi Amman Nagar?

Arul Migu Kamatchi Amman Nagar is classified as Residential Class I Type - I.

Where can I find the registration office for Arul Migu Kamatchi Amman Nagar?

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

How is stamp duty calculated for properties in Arul Migu Kamatchi Amman Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 18,70,000 would incur a stamp duty of Rs 1,30,900 at 7%.