Guideline Value for Arulmurugan Nagar Ist Street

Arulmurugan Nagar Ist Street guideline value

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

How the guideline value of Arulmurugan Nagar Ist Street has changed

The guideline value for Arulmurugan Nagar Ist Street has undergone several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 804 per sq.ft. This increased to Rs 1,200 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,320 per sq.ft, which is a 10% increase from the previous year.

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

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value is Rs 1,320 per sq.ft, which is the same as the current figure for Arulmurugan Nagar Ist Street.

• Arulmurugan Nagar 2nd 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 Ist Street

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the 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 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arulmurugan Nagar Ist Street?

The Sub Registrar Office that covers Arulmurugan Nagar Ist 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 more information.

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

The guideline value is a crucial factor when buying or selling property in Pozhichalur. It serves as a benchmark for determining the minimum value of a property, ensuring that the transaction is recorded at a fair price as per the regulations set by the government.

When you register a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are transparent and adhere to the legal requirements in the region.

Frequently asked questions

What is the current guideline value of Arulmurugan Nagar Ist Street?

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

How has the guideline value changed over the years?

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

What is the land classification for Arulmurugan Nagar Ist Street?

Arulmurugan Nagar Ist Street is classified as Residential Class I Type - II.

Where can I find the registration office for Arulmurugan Nagar Ist Street?

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

How is stamp duty calculated for properties in Pozhichalur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 13,20,000 would incur a stamp duty of Rs 92,400 at 7%.