Guideline Value for Arumugam Street Extn, V.O.C Nagar

Arumugam Street Extn, V.O.C Nagar guideline value

The current guideline value of Arumugam Street Extn, V.O.C Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Arumugam Street Extn, V.O.C Nagar has changed

Over the years, the guideline value for Arumugam Street Extn, V.O.C Nagar has seen significant changes. The 2017 revision recorded a value of Rs 1,675 per sq.ft, which increased to Rs 2,500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision has set the guideline value at Rs 2,750 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register does not contain figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Arumugam Street Extn, V.O.C Nagar above this median.

• Arumugam Street (Anna Salai): Rs 1,980 per sq.ft (2024)
• Arumugam Street, V.O.C Nagar: Rs 2,750 per sq.ft (2024)
• Arumugam Street 2nd Street Extension: Rs 1,980 per sq.ft (2024)
• Arumugam Street 1st Street Extension: Rs 1,980 per sq.ft (2024)
• Arulpandian Street ( Periyar Nagar): Rs 1,980 per sq.ft (2024)
• Argeeswarar Colony Main Road: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Arumugam Street Extn, V.O.C Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty, calculated at 7%, is Rs 1,92,500, and the registration fee at 2% is Rs 55,000, bringing the total cost for these fees to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Arumugam Street Extn, V.O.C Nagar?

The Sub Registrar Office that covers Arumugam Street Extn, V.O.C Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Pammal, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is set by the Registration Department and serves as a benchmark for property transactions in the area.

At the time of registration, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the fees reflect the current market conditions and property values.

Frequently asked questions

What is the current guideline value of Arumugam Street Extn, V.O.C Nagar?

The current guideline value of Arumugam Street Extn, V.O.C Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,750 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the land classification for Arumugam Street Extn, V.O.C Nagar?

The land classification for Arumugam Street Extn, V.O.C Nagar is Commercial Class I Type - II.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Pammal?

Stamp duty for properties in Pammal is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.