Guideline Value for Mathiazhagan Nagar - Aranganathan Street

Mathiazhagan Nagar - Aranganathan Street guideline value

The current guideline value for Mathiazhagan Nagar - Aranganathan Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village, under the Virugambakkam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Mathiazhagan Nagar - Aranganathan Street has changed

The guideline value for Mathiazhagan Nagar - Aranganathan Street has seen several revisions over the years. The earliest recorded figure is from 2002, which was Rs 550 per sq.ft. This increased to Rs 601 per sq.ft in 2003, marking a 9% rise. The value then rose significantly to Rs 850 per sq.ft in 2007, representing a 41% increase. Following this, the guideline value jumped to Rs 3,000 per sq.ft in 2012, reflecting a substantial 253% increase. However, it then decreased to Rs 2,010 per sq.ft in 2017, a decline of 33%. The value climbed back to Rs 3,000 per sq.ft in 2023, before reaching the current figure of Rs 3,300 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 500%. There are no figures available for any revisions other than those mentioned above.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO, with guideline values for 2024 ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, making the guideline value for Mathiazhagan Nagar - Aranganathan Street below this median.

• Mathiazhagan Nagar - Anna Street: Rs 3,300 per sq.ft (2024)
• Mathiazhagan Nagar - Govindasamy Street: Rs 3,300 per sq.ft (2024)
• Mathiazhagan Nagar - Alagirisamy Street: Rs 3,300 per sq.ft (2024)
• Mathiazhagan Nagar - Jeeva Street: Rs 3,300 per sq.ft (2024)
• Mathiazhagan Nagar - Kamarajar Street: Rs 3,300 per sq.ft (2024)
• Mathiazhagan Nagar - Kanniah Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Mathiazhagan Nagar - Aranganathan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mathiazhagan Nagar - Aranganathan Street?

The Sub Registrar Office that covers Mathiazhagan Nagar - Aranganathan Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Saligramam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value for Mathiazhagan Nagar - Aranganathan Street?

The current guideline value for Mathiazhagan Nagar - Aranganathan Street is Rs 3,300 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 550 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 500% over this period.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot, the total guideline value is Rs 33,00,000, with stamp duty at 7% amounting to Rs 2,31,000 and a registration fee at 2% of Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office handles registrations for Mathiazhagan Nagar - Aranganathan Street?

The Virugambakkam Sub Registrar Office handles registrations for Mathiazhagan Nagar - Aranganathan Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the median guideline value for streets in Saligramam?

The median guideline value for streets in Saligramam is Rs 4,400 per sq.ft, with Mathiazhagan Nagar - Aranganathan Street's value being below this median at Rs 3,300 per sq.ft.