Guideline Value for Arulmurugan Nagar 2nd Street

Arulmurugan Nagar 2nd Street guideline value

The current guideline value of Arulmurugan Nagar 2nd Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village, under the Pammal SRO, and is classified as Residential Class I Type - II.

How the guideline value of Arulmurugan Nagar 2nd Street has changed

The guideline value for Arulmurugan Nagar 2nd Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 1,200 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 804 per sq.ft, reflecting a significant increase of 49% to the 2023 figure. The overall change from the 2017 to the 2024 revision shows an increase of 64%.

It is important to note that there are no figures available for this street in the register for the years 2002, 2003, 2007, and 2012.

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. The median value is Rs 1,320 per sq.ft, which is the same as the guideline value for Arulmurugan Nagar 2nd Street.

• Arulmurugan Nagar Ist Street: Rs 1,320 per sq.ft (2024)
• Arulmurgan Nagar: Rs 1,320 per sq.ft (2024)
• Arumugam Street: Rs 1,100 per sq.ft (2024)
• Arokya Madha 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 Arulmurugan Nagar 2nd Street

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 fees together to Rs 1,18,800. 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 Arulmurugan Nagar 2nd Street?

The Sub Registrar Office that covers Arulmurugan Nagar 2nd Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor during the registration 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 through stamp duty and registration fees.

When buying or selling property, the guideline value helps in calculating the taxes applicable on the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property.

Frequently asked questions

What is the current guideline value of Arulmurugan Nagar 2nd Street?

The current guideline value of Arulmurugan Nagar 2nd Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What was the guideline value in 2023?

In 2023, the guideline value for Arulmurugan Nagar 2nd Street was Rs 1,200 per sq.ft.

Are there any revisions without figures for this street?

Yes, the register has no figures for the years 2002, 2003, 2007, and 2012 for Arulmurugan Nagar 2nd Street.

What is the registration office for this area?

The registration office for Arulmurugan Nagar 2nd Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.