Guideline Value for Arumuga Nagar

Arumuga Nagar guideline value

The current guideline value of Arumuga Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Arumuga Nagar has changed

The guideline value for Arumuga Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in the 2017 revision. Following this, the value increased to Rs 2,000 per sq.ft in 2023, and finally, it reached Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. However, the 2012 to 2017 period saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

A total of 448 streets in Ambattur under the Ambattur SRO have a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft. The guideline value of Arumuga Nagar is below this median.

• Arasammal street (Nainee Ammal Lane): Rs 4,600 per sq.ft (2024)
• Asian garden: Rs 3,600 per sq.ft (2024)
• A.P. kannaia Street: Rs 3,600 per sq.ft (2024)
• Annibesant Street: Rs 2,500 per sq.ft (2024)
• Anna Street (venkatapuram): Rs 4,000 per sq.ft (2024)
• Annastreet (Thiruvalluar Nagar 16th Ward): Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Arumuga Nagar

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to 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, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arumuga Nagar?

The Sub Registrar Office that covers Arumuga Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Arumuga Nagar?

The current guideline value of Arumuga Nagar 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 from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification of Arumuga Nagar?

Arumuga Nagar is classified as Residential Class IV Type - I.

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

The Sub Registrar Office for Arumuga Nagar is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

How is stamp duty calculated for property in Arumuga Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, on a property with a guideline value of Rs 22,00,000, the stamp duty would be Rs 1,54,000 at 7%.