Guideline Value for Arulmurugan Nagar

Arulmurugan Nagar guideline value

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

How the guideline value of Arulmurugan Nagar has changed

The guideline value for Arulmurugan Nagar has seen several revisions over the years. In 2003, the value was Rs 186 per sq.ft, which increased significantly to Rs 850 per sq.ft in 2007. This was followed by a substantial rise to Rs 2,300 per sq.ft in 2012. However, the value decreased to Rs 1,541 per sq.ft in 2017 before climbing to Rs 2,300 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 2,530 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1260%. The register has no figure for this street in 2002.

Guideline values in Kilkattalai

Kilkattalai village has a range of guideline values across its 194 streets under the Pallavaram SRO, with figures varying 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 matches the current value for Arulmurugan Nagar.

• Arulmurugan Nagar Main Road: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, resulting in a total of 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 further calculations.

Which Sub Registrar Office covers Arulmurugan Nagar?

The Sub Registrar Office that covers Arulmurugan Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, 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 plays a crucial role in the registration process of property transactions in Kilkattalai. It serves as the basis for calculating stamp duty and registration fees, which are mandatory when buying or selling property.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Arulmurugan Nagar?

The current guideline value of Arulmurugan Nagar 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 186 per sq.ft in 2003 to Rs 2,530 per sq.ft in 2024, reflecting a significant increase of 1260% over this period.

What are the other streets in Kilkattalai with their guideline values?

Other streets in Kilkattalai include Arulmurugan Nagar Main Road at Rs 2,530 per sq.ft, Arunachalam koil Street at Rs 2,160 per sq.ft, and Arunachalam Nagar at Rs 3,300 per sq.ft, among others.

What is the stamp duty rate for properties in Arulmurugan Nagar?

The stamp duty rate for properties in Arulmurugan Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Arulmurugan Nagar located?

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