Guideline Value for SRIRUVAPURI MURUGAN NAGAR

Sriruvapuri Murugan Nagar guideline value

The current guideline value of Sriruvapuri Murugan Nagar is Rs 350 per sq.ft, effective from 1 July 2024. This area is located in Arambakkam village and falls under the Gummidipoondi SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Sriruvapuri Murugan Nagar has changed

The guideline value for Sriruvapuri Murugan Nagar has remained at Rs 350 per sq.ft since the 2023 revision and continues into the 2024 revision. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

In the 2024 revision, the guideline value is Rs 350 per sq.ft, which is the same as in the 2023 revision, indicating no change between these two years. This consistency reflects the established value for this area as recorded in the guideline value register.

Guideline values in Arambakkam

In Arambakkam, there are three streets under the Gummidipoondi SRO that carry a guideline value for 2024, ranging from Rs 200 to Rs 350 per sq.ft. The median guideline value in this village is Rs 200 per sq.ft, placing Sriruvapuri Murugan Nagar above that median.

• Sri Sai Nagar: Rs 200 per sq.ft (2024)
• Sri Ponniyamman Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sriruvapuri Murugan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value would be Rs 3,50,000. The stamp duty at 7% would amount to Rs 24,500, and the registration fee at 2% would be Rs 7,000, totaling Rs 31,500. It is important to note 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 detailed calculations.

Which Sub Registrar Office covers Sriruvapuri Murugan Nagar?

The Sriruvapuri Murugan Nagar area is covered by the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Arambakkam. When a property is bought or sold, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value, as it determines the financial obligations related to property registration. Accurate knowledge of this value helps in ensuring compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Sriruvapuri Murugan Nagar?

The current guideline value of Sriruvapuri Murugan Nagar is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 350 per sq.ft since the 2023 revision, with no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Arambakkam?

The median guideline value in Arambakkam is Rs 200 per sq.ft, with Sriruvapuri Murugan Nagar's value being above this median.

What are the stamp duty and registration fees for property in Sriruvapuri Murugan Nagar?

For a 1,000 sq.ft plot at the guideline value of Rs 3,50,000, the total stamp duty would be Rs 24,500, and the registration fee would be Rs 7,000, totaling Rs 31,500.

Which office handles property registration for Sriruvapuri Murugan Nagar?

The Gummidipoondi Sub Registrar Office handles property registration for Sriruvapuri Murugan Nagar, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone.