Guideline Value for Arumugam Nagar

Arumugam Nagar guideline value

The current guideline value of Arumugam Nagar is Rs 1,200 per sq.ft as per the 2023 revision. This area falls under Kilambakkam village and is registered with the Gooduvancheri SRO. The land classification for this region is Residential Special Type - I.

How the guideline value of Arumugam Nagar has changed

Over the years, the guideline value of Arumugam Nagar has seen several revisions. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2012 revision. However, in the 2017 revision, the value dropped to Rs 804 per sq.ft, marking a decrease of 33%. The latest revision in 2023 brought the value back up to Rs 1,200 per sq.ft, reflecting a significant increase of 49% from the 2017 figure.

Looking at the overall trend from 2007 to 2023, the guideline value has increased by 20%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Kilambakkam

Currently, there are no specific village figures available for Kilambakkam. The Arumugam Nagar guideline value is Rs 1,200 per sq.ft as per the latest revision. There are no other streets in Kilambakkam under the Gooduvancheri SRO with available figures.

Stamp duty and registration fee for property in Arumugam Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. It is important to remember 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 Arumugam Nagar?

The Sub Registrar Office that covers Arumugam Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Kilambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the property registration process. Buyers should always check the current guideline value to understand the financial implications of their transactions.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Arumugam Nagar?

The current guideline value of Arumugam Nagar is Rs 1,200 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision in 2023 setting it at Rs 1,200 per sq.ft. Notably, it dropped to Rs 804 per sq.ft in 2017 from Rs 1,200 per sq.ft in 2012.

What is the land classification in Arumugam Nagar?

The land classification for Arumugam Nagar is Residential Special Type - I, indicating its suitability for residential development.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated in Arumugam Nagar?

Stamp duty in Arumugam Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, a plot of 1,000 sq.ft at the current guideline value results in a total duty of Rs 1,08,000.