Guideline Value for Arulmurugan Ramamurthi Nagar

Arulmurugan Ramamurthi Nagar guideline value

The current guideline value of Arulmurugan Ramamurthi Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class I Type - II.

How the guideline value of Arulmurugan Ramamurthi Nagar has changed

The guideline value for Arulmurugan Ramamurthi Nagar has seen significant changes over the years. In the 2003 revision, the value was Rs 117 per sq.ft, which increased to Rs 600 per sq.ft in 2007, marking a substantial rise of 413%. The value then jumped to Rs 3,000 per sq.ft in 2012, reflecting a remarkable increase of 400%. However, in the 2017 revision, the value decreased to Rs 2,010 per sq.ft, a drop of 33%. The guideline value then rose to Rs 3,000 per sq.ft in 2023, and the latest revision for 2024 set it at Rs 3,300 per sq.ft, showing an increase of 10% from the previous year.

Overall, from the 2003 revision to the 2024 revision, the guideline value has increased by 2,721%. It is important to note that the register has no figure for Arulmurugan Ramamurthi Nagar for the year 2002.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO, with the 2024 guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, which is equal to the current guideline value of Arulmurugan Ramamurthi Nagar.

• Arulmurugan Nagar Exten.: Rs 3,850 per sq.ft (2024)
• Arulmurugan Nagar: Rs 3,850 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 Ramamurthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arulmurugan Ramamurthi Nagar?

The Sub Registrar Office that covers Arulmurugan Ramamurthi 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 Zaminpallavaram

The guideline value is a crucial factor in the registration process when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these costs are calculated based on the established guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value helps in assessing the official value of the property for taxation purposes. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Arulmurugan Ramamurthi Nagar?

The current guideline value of Arulmurugan Ramamurthi Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 117 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 2,721% over this period.

What is the land classification for Arulmurugan Ramamurthi Nagar?

Arulmurugan Ramamurthi Nagar is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for this area?

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

How is the stamp duty calculated for properties in this area?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at 7%.