Guideline Value for Arulmurugan Nagar

Arulmurugan Nagar guideline value

The current guideline value of Arulmurugan Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024. This locality is situated in Kunrathour-B village, under the Kunrathur SRO, and falls under Residential Class I Type - I land classification.

How the guideline value of Arulmurugan Nagar has changed

The guideline value for Arulmurugan Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,210 per sq.ft, which is an increase from Rs 1,100 per sq.ft in the 2023 revision. This represents a 10% increase from the previous year. Looking back further, the 2017 revision recorded a guideline value of Rs 737 per sq.ft. From 2017 to 2023, there was a significant increase of 49%, leading to an overall increase of 64% from 2017 to 2024.

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

Guideline values in Kunrathour-B

In Kunrathour-B, there are a total of 325 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 5,130 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, indicating that the guideline value for Arulmurugan Nagar is below the median.

• Arul Jothi Nagar: Rs 1,210 per sq.ft (2024)
• Arumugam Nagar: Rs 1,760 per sq.ft (2024)
• Arignar Anna Street I St.,: Rs 660 per sq.ft (2024)
• Arignar Anna Street II St.,: Rs 660 per sq.ft (2024)
• Arignar Anna Street III St.,: Rs 660 per sq.ft (2024)
• Arignar Anna Street: Rs 660 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 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, bringing the total fees to Rs 1,08,900. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arulmurugan Nagar?

The Sub Registrar Office that covers Arulmurugan Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value plays a crucial role during the registration of property transactions in Kunrathour-B. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Arulmurugan Nagar?

The current guideline value of Arulmurugan Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 737 per sq.ft in 2017 to Rs 1,210 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the median guideline value in Kunrathour-B?

The median guideline value for streets in Kunrathour-B is Rs 1,540 per sq.ft, which is higher than the current value for Arulmurugan Nagar.

What are the stamp duty and registration fees for a property in Arulmurugan Nagar?

For a 1,000 sq.ft property at the guideline value of Rs 1,210 per sq.ft, the total fees would be Rs 1,08,900, which includes stamp duty and registration fees.

Where can I find the Sub Registrar Office for Arulmurugan Nagar?

The Sub Registrar Office for Arulmurugan Nagar is located at No.59, Road Street, Kundrathur, Chennai -600 069.