Guideline Value for Arulmurugan Nandavanam Nagar

Arulmurugan Nandavanam Nagar guideline value

The current guideline value of Arulmurugan Nandavanam Nagar is Rs 2,420 per sq.ft, effective from 1 July 2024. This area is located in Nemilicherry village under the Pallavaram SRO and is classified as Residential Class I Type - I.

How the guideline value of Arulmurugan Nandavanam Nagar has changed

The guideline value for Arulmurugan Nandavanam Nagar has seen several revisions over the years. The earliest recorded value is from 2007, which was Rs 1,021 per sq.ft. This figure increased to Rs 2,200 per sq.ft in 2012, marking a significant rise of 115%. However, between 2012 and 2017, the value decreased to Rs 1,474 per sq.ft, a decline of 33%. The next revision in 2023 saw an increase to Rs 2,200 per sq.ft, followed by the current value of Rs 2,420 per sq.ft in 2024, representing a 10% increase.

In summary, from 2017 to 2023, the guideline value increased by 49%, and overall, from 2007 to 2024, it has risen by 137%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Nemilicherry

In Nemilicherry, there are 172 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median value for these streets is Rs 2,160 per sq.ft, placing Arulmurugan Nandavanam Nagar's current value above this median.

• Arul Murugan Ramamoorthi 2nd Street: Rs 2,160 per sq.ft (2024)
• Arulmurugan Ramamoorthy Nagar: Rs 2,420 per sq.ft (2024)
• Asokan Street: Rs 2,160 per sq.ft (2024)
• Annamalai Street: Rs 2,420 per sq.ft (2024)
• Annai Therasa Street: Rs 2,160 per sq.ft (2024)
• Bajanai Koil Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Arulmurugan Nandavanam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value amounts to Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total fees to Rs 2,17,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arulmurugan Nandavanam Nagar?

The Sub Registrar Office that covers Arulmurugan Nandavanam 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 Nemilicherry

The guideline value is a crucial factor when registering property transactions in Nemilicherry. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the property transfer process.

When a buyer or seller engages in a property transaction, the guideline value is considered to ensure that the transaction is recorded accurately and that the appropriate fees are collected. This helps maintain transparency and standardization in property dealings within the region.

Frequently asked questions

What is the current guideline value of Arulmurugan Nandavanam Nagar?

The current guideline value of Arulmurugan Nandavanam Nagar is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,021 per sq.ft in 2007 to Rs 2,420 per sq.ft in 2024, marking a total increase of 137% over the years.

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

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

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

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

What is the median guideline value for streets in Nemilicherry?

The median guideline value for streets in Nemilicherry is Rs 2,160 per sq.ft, with Arulmurugan Nandavanam Nagar's value being above this median.