Guideline Value for SRI ARUMUGAM NAGAR

Sri Arumugam Nagar guideline value

The current guideline value of Sri Arumugam Nagar is Rs 602 per sq.ft, effective from 1 July 2024. This area is located in Kattoor village under the Thiruporur SRO and is classified as Mixed Type - I land.

How the guideline value of Sri Arumugam Nagar has changed

The guideline value for Sri Arumugam Nagar has seen revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 600 per sq.ft, which remained unchanged in the 2024 revision at Rs 602 per sq.ft, reflecting a 0% change from the previous year.

Thus, the guideline value has increased from Rs 600 per sq.ft in 2023 to Rs 602 per sq.ft in 2024. This indicates a stable valuation for the property in this area over the last year.

Guideline values in Kattoor

Kattoor village has 22 streets under the Thiruporur SRO, with guideline values ranging from Rs 250 to Rs 1,493 per sq.ft. The median guideline value for these streets is Rs 749 per sq.ft, placing Sri Arumugam Nagar's 2024 figure below this median.

• Sowndharya Avenue: Rs 300 per sq.ft (2024)
• Sri Ganapathi Nagar: Rs 250 per sq.ft (2024)
• Sri Uthira Vaidhiya Lingeswarar Nagar: Rs 600 per sq.ft (2024)
• Sterling Sundara Pandiam: Rs 602 per sq.ft (2024)
• Sai Garden: Rs 600 per sq.ft (2024)
• V.G.P Gold Chip: Rs 1,269 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Arumugam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 602 per sq.ft, the total guideline value would be Rs 6,02,000. The stamp duty at 7% would amount to Rs 42,140, and the registration fee at 2% would be Rs 12,040, making the total charges Rs 54,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Arumugam Nagar?

The Sub Registrar Office that covers Sri Arumugam Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Kattoor. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value helps ensure that the transaction is recorded at a fair value, which is crucial for both buyers and sellers. This process helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Sri Arumugam Nagar?

The current guideline value of Sri Arumugam Nagar is Rs 602 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable, with a figure of Rs 600 per sq.ft in 2023 and Rs 602 per sq.ft in 2024, showing a 0% change from the previous year.

What is the classification of land in Sri Arumugam Nagar?

Sri Arumugam Nagar is classified as Mixed Type - I land, which influences its guideline value and usage.

Where can I find the Sub Registrar Office for property registration?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Sri Arumugam Nagar?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 602 per sq.ft would incur a stamp duty of Rs 42,140.