Guideline Value for Arumuga Mudali Street

Arumuga Mudali Street guideline value

The current guideline value of Arumuga Mudali Street in Siruvallur village, under the Sembiam SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - II land classification.

How the guideline value of Arumuga Mudali Street has changed

In the 2002 revision, the guideline value was Rs 357 per sq.ft. This figure increased to Rs 407 per sq.ft in 2003, marking a change of +14%. The guideline value continued to rise significantly, reaching Rs 1,000 per sq.ft in 2007, which was an increase of +146%. In 2012, the value was Rs 2,000 per sq.ft, reflecting a decrease of -33% from the previous revision. The next revision in 2017 saw a substantial increase to Rs 1,340 per sq.ft, which was a rise of +49%. The guideline value then increased to Rs 2,000 per sq.ft in 2023, and finally, it is set to reach Rs 2,200 per sq.ft in 2024, representing a +10% change.

There are no figures available for the revisions in years not listed above. Overall, from 2002 to 2024, the guideline value has increased by +516%.

Guideline values in Siruvallur

In Siruvallur village, there are 86 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 6,600 per sq.ft, with a median value of Rs 1,900 per sq.ft. The guideline value of Arumuga Mudali Street is above this median.

• Bajanai Koil Street: Rs 1,900 per sq.ft (2024)
• Ballardu Street: Rs 3,300 per sq.ft (2024)
• Beer Shop Street / Lane: Rs 1,900 per sq.ft (2024)
• Bundhar Garden 1st Street: Rs 3,600 per sq.ft (2024)
• Bundhar Garden 2nd Street: Rs 3,600 per sq.ft (2024)
• Bundhar Garden 3rd Street: Rs 3,600 per sq.ft (2024)

Stamp duty and registration fee for property in Arumuga Mudali Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, resulting in a total of Rs 1,98,000. It is important to note that 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 more details.

Which Sub Registrar Office covers Arumuga Mudali Street?

The Sub Registrar Office that covers Arumuga Mudali Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Siruvallur. It serves as the basis for calculating the stamp duty and registration fees, ensuring that these costs are aligned with the official valuations set by the Registration Department.

When buying or selling property, it is essential to consider the guideline value, as it can affect the overall costs involved in the transaction. Buyers should be aware that the stamp duty and registration fees are charged on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Arumuga Mudali Street?

The current guideline value of Arumuga Mudali Street is Rs 2,200 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 357 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, representing an overall increase of +516% over this period.

What are the stamp duty and registration fees for properties in Arumuga Mudali Street?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office handles registrations for Arumuga Mudali Street?

The Sembiam Sub Registrar Office handles registrations for Arumuga Mudali Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the land classification for Arumuga Mudali Street?

Arumuga Mudali Street falls under the Residential Class II Type - II land classification.