Guideline Value for Arulmurgan Nagar

Arulmurgan Nagar guideline value

The current guideline value of Arulmurgan Nagar, located in Pozhichalur village under the Pammal SRO, is Rs 1,320 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified under Residential Class I Type - II.

How the guideline value of Arulmurgan Nagar has changed

The guideline value for Arulmurgan Nagar has seen several revisions over the years. The earliest recorded value in 2007 was Rs 400 per sq.ft, which increased to Rs 804 per sq.ft in 2017, marking a significant rise of 101%. Following this, the value jumped to Rs 1,200 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no recorded guideline values for Arulmurgan Nagar in the years 2002, 2003, and 2012. Overall, from 2007 to 2024, the guideline value has increased by 230%.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft, with the median value being Rs 1,320 per sq.ft. The guideline value for Arulmurgan Nagar aligns with this median.

• Arulmurugan Nagar 2nd Street: Rs 1,320 per sq.ft (2024)
• Arulmurugan Nagar Ist Street: Rs 1,320 per sq.ft (2024)
• Arokya Madha Street: Rs 1,100 per sq.ft (2024)
• Arumugam Street: Rs 1,100 per sq.ft (2024)
• Anna Street: Rs 1,650 per sq.ft (2024)
• Anna Nedun Salai: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Arulmurgan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total cost for these fees to Rs 1,18,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Arulmurgan Nagar?

The Sub Registrar Office that covers Arulmurgan Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Pozhichalur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Arulmurgan Nagar?

The current guideline value of Arulmurgan Nagar is Rs 1,320 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 400 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 230% over this period.

What are the stamp duty and registration fees for property in Arulmurgan Nagar?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles property registrations in Arulmurgan Nagar?

The Pammal Sub Registrar Office handles property registrations in Arulmurgan Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification of Arulmurgan Nagar?

Arulmurgan Nagar is classified under Residential Class I Type - II as per the current guidelines.