Guideline Value for Arulmurugan Nagar

Arulmurugan Nagar guideline value

The current guideline value of Arulmurugan Nagar is Rs 3,850 per sq.ft, effective from 1 July 2024. This locality is situated in Zaminpallavaram village, falling under the Pallavaram SRO. The land classification for this area is Mixed Type - I.

How the guideline value of Arulmurugan Nagar has changed

The guideline value of Arulmurugan Nagar has seen several revisions over the years. In 2003, the guideline value was Rs 179 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2007, marking a change of +235%. The value then jumped to Rs 3,500 per sq.ft in 2012, reflecting a substantial increase of +483%. The 2023 revision set the value at Rs 3,750 per sq.ft, which was a +7% increase from the previous year. Finally, the current value of Rs 3,850 per sq.ft in 2024 represents a +3% change from 2023.

Overall, from 2003 to 2024, the guideline value has increased by +2051%. It is important to note that there are no figures available for the years 2002 and 2017 for this street.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing the 2024 guideline value of Arulmurugan Nagar above this median.

• Arulmurugan Nagar Exten.: Rs 3,850 per sq.ft (2024)
• Arulmurugan Ramamurthi Nagar: Rs 3,300 per sq.ft (2024)
• Arunachalam Nagar: Rs 3,300 per sq.ft (2024)
• Aringar Anna Street: Rs 3,520 per sq.ft (2024)
• Arcot Jambulingam Street: Rs 3,850 per sq.ft (2024)
• Arasamara Street: Rs 2,750 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 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total fees together to Rs 3,46,500. 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?

The Sub Registrar Office covering Arulmurugan Nagar 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 assistance.

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

The guideline value plays a crucial role in property transactions in Zaminpallavaram. It is the basis for calculating the stamp duty and registration fees that buyers must pay at the time of property registration. This ensures that the government receives revenue based on the official valuation of the property.

When selling a property, the seller must be aware of the guideline value, as it can affect the sale price and the associated costs. Buyers should also consider the guideline value to ensure they are making an informed decision regarding their purchase.

Frequently asked questions

What is the current guideline value of Arulmurugan Nagar?

The current guideline value of Arulmurugan Nagar is Rs 3,850 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2003, the guideline value has increased from Rs 179 per sq.ft to Rs 3,850 per sq.ft in 2024, representing an overall increase of +2051%.

What is the land classification of Arulmurugan Nagar?

The land classification for Arulmurugan Nagar is Mixed Type - I.

What are the registration fees for property transactions?

For a property valued at Rs 38,50,000, the stamp duty is Rs 2,69,500 and the registration fee is Rs 77,000, totaling Rs 3,46,500.

Where is the Sub Registrar Office for Arulmurugan Nagar located?

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