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Guideline Value

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Guideline Value for Arul Migu Sri Magalakshmi Nager

₹1600/sq.ft.

The guideline value for Arul Migu Sri Magalakshmi Nager in 5. Athipattu village (Konnur SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

5. Athipattu

Village

Konnur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1600 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Register Office , Villivakkam Panchat,union Office Complex ,dunlop Bus Stop ,ambattur ,chennai
044-26173020
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Arul Migu Sri Magalakshmi Nager

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Arul Migu Sri Magalakshmi Nager guideline value

The current guideline value of Arul Migu Sri Magalakshmi Nager is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in 5. Athipattu village under the Konnur SRO, classified as Residential Class II Type - I.

How the guideline value of Arul Migu Sri Magalakshmi Nager has changed

Over the years, the guideline value of Arul Migu Sri Magalakshmi Nager has seen several revisions. The most recent revision in 2024 set the value at Rs 1,600 per sq.ft, an increase from Rs 1,500 per sq.ft in 2023, marking a 7% rise. Prior to that, in 2017, the value was Rs 1,005 per sq.ft, reflecting a significant increase of 49% to the 2023 figure. Overall, from 2017 to 2024, the guideline value has increased by 59%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The revisions show a clear upward trend in the guideline value from the older figures to the current value.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO with a 2024 guideline value range from Rs 1,100 to Rs 7,650 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Arul Migu Sri Magalakshmi Nager's 2024 figure below this median.

Stamp duty and registration fee for property in Arul Migu Sri Magalakshmi Nager

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Arul Migu Sri Magalakshmi Nager?

The Sub Registrar Office covering Arul Migu Sri Magalakshmi Nager is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai, in the Chennai registration zone. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value is a crucial factor when buying or selling property in 5. Athipattu as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory during the transaction process.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, protecting both the buyer and seller. It is important to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Arul Migu Sri Magalakshmi Nager?

The current guideline value of Arul Migu Sri Magalakshmi Nager is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,005 per sq.ft in 2017 to Rs 1,600 per sq.ft in 2024, representing a 59% increase over this period.

What is the registration office for Arul Migu Sri Magalakshmi Nager?

The registration office for Arul Migu Sri Magalakshmi Nager is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What are the stamp duty rates for property in this area?

The stamp duty for property transactions in Arul Migu Sri Magalakshmi Nager is charged at 7% of the guideline value or sale price, whichever is higher.

How do the guideline values compare with other streets in 5. Athipattu?

The guideline value of Arul Migu Sri Magalakshmi Nager at Rs 1,600 per sq.ft is below the median value of Rs 2,200 per sq.ft for other streets in 5. Athipattu.