Guideline Value for Arulmurugan Nagar Main Road

Arulmurugan Nagar Main Road guideline value

The current guideline value of Arulmurugan Nagar Main Road is Rs 2,530 per sq.ft, effective from 1 July 2024. This road is located in Kilkattalai village, under the Pallavaram SRO, and is classified as Residential Class I Type - II.

How the guideline value of Arulmurugan Nagar Main Road has changed

The guideline value for Arulmurugan Nagar Main Road has undergone several revisions over the years. Starting from Rs 292 per sq.ft in 2003, it increased to Rs 500 per sq.ft in 2007, marking a significant rise of 71%. The value then jumped dramatically to Rs 2,300 per sq.ft in 2012, reflecting a 360% increase. However, it decreased to Rs 1,541 per sq.ft in 2017, which was a decline of 33%. The value rose again to Rs 2,300 per sq.ft in 2023, and most recently to Rs 2,530 per sq.ft in 2024, a 10% increase.

There is no figure available for the year 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 766%.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,530 per sq.ft, which is equal to the current value of Arulmurugan Nagar Main Road.

• Arulmurugan Nagar: Rs 2,530 per sq.ft (2024)
• Arunachalam koil Street(sivan koil st.): Rs 2,160 per sq.ft (2024)
• Arunachalam Nagar: Rs 3,300 per sq.ft (2024)
• Arunachalam Nagar 10th Street: Rs 2,200 per sq.ft (2024)
• Arunachalam Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• Arunachalam Nagar 2nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Arulmurugan Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value amounts to Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, while the registration fee at 2% would be Rs 50,600, bringing the total cost for these fees to Rs 2,27,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arulmurugan Nagar Main Road?

The Sub Registrar Office that covers Arulmurugan Nagar Main Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, 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 Kilkattalai

The guideline value is a crucial factor in the registration process when buying or selling property in Kilkattalai. It determines the amount of stamp duty and registration fees that must be paid, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value serves as a benchmark for the minimum price at which the property can be registered. This helps in maintaining transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Arulmurugan Nagar Main Road?

The current guideline value of Arulmurugan Nagar Main Road is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 292 per sq.ft in 2003 to Rs 2,530 per sq.ft in 2024, reflecting an overall increase of 766% over this period.

What is the registration office for Arulmurugan Nagar Main Road?

The registration office for Arulmurugan Nagar Main Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total fee of Rs 2,27,700 based on the current guideline value.

What other streets in Kilkattalai have guideline values?

Other streets in Kilkattalai have varying guideline values, with rates ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median value among these streets is Rs 2,530 per sq.ft.