Guideline Value for Arunthathiyar Colony

Arunthathiyar Colony guideline value

The current guideline value of Arunthathiyar Colony is Rs 605 per sq.ft, effective from 1 July 2024. This colony is located in Thirumangalam village under the Sunguvarchattram SRO, classified as Residential Class IV Type - I.

How the guideline value of Arunthathiyar Colony has changed

The guideline value for Arunthathiyar Colony has undergone several revisions over the years. In 2012, the guideline value was Rs 200 per sq.ft, which increased to Rs 405 per sq.ft in 2017, marking a 103% rise. The value remained at Rs 605 per sq.ft for the revisions in both 2023 and 2024, indicating no change between these two years.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 203%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirumangalam

In Thirumangalam village, there are 42 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 2,000 per sq.ft. The median value is Rs 605 per sq.ft, which is equal to the guideline value of Arunthathiyar Colony.

• Bajanai Kovil First Street: Rs 605 per sq.ft (2024)
• Bajanai Kovil Second Street: Rs 605 per sq.ft (2024)
• Bangalore Main Road (Annai Velankanni Nagar Ist St To Kandigai Bus Stop): Rs 2,000 per sq.ft (2024)
• Bharathiyar IInd Street: Rs 300 per sq.ft (2024)
• Bharathiyar Ist Street: Rs 300 per sq.ft (2024)
• Achariayar Street: Rs 605 per sq.ft (2024)

Stamp duty and registration fee for property in Arunthathiyar Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 605 per sq.ft, the total guideline value would be Rs 6,05,000. The stamp duty at 7% would amount to Rs 42,350, and the registration fee at 2% would be Rs 12,100, bringing the total fees together to Rs 54,450. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arunthathiyar Colony?

The Sub Registrar Office that covers Arunthathiyar Colony is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process of property transactions in Thirumangalam. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid during the property registration.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are levied. It is crucial for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Arunthathiyar Colony?

The current guideline value of Arunthathiyar Colony is Rs 605 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 605 per sq.ft in 2024, marking an overall increase of 203% over this period.

What are the stamp duty and registration fees for property in Arunthathiyar Colony?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 54,450.

Which Sub Registrar Office covers Arunthathiyar Colony?

The Sunguvarchattram Sub Registrar Office covers Arunthathiyar Colony, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company.

What is the land classification of Arunthathiyar Colony?

Arunthathiyar Colony is classified as Residential Class IV Type - I.