Guideline Value for T.K.Arumugam Nagar

T.K.Arumugam Nagar guideline value

The current guideline value of T.K.Arumugam Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024. This area is located in Thirumazhisai village and falls under the Poonamallee SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of T.K.Arumugam Nagar has changed

The guideline value for T.K.Arumugam Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 1,300 per sq.ft, which was then decreased to Rs 871 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,300 per sq.ft, and the most recent revision in 2024 has raised it to Rs 1,430 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The transition from 2023 to 2024 reflects a 10% increase. Overall, when comparing the 2012 and 2024 revisions, the guideline value has increased by 10%.

Guideline values in Thirumazhisai

In Thirumazhisai, there are 86 streets under the Poonamallee SRO, with guideline values ranging from Rs 730 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, placing T.K.Arumugam Nagar's 2024 figure above this median.

• Vaithee Nagar: Rs 1,320 per sq.ft (2024)
• Thirumala Avenue: Rs 2,475 per sq.ft (2024)
• Vasa nagar: Rs 1,100 per sq.ft (2024)
• Veetrirundha perumal koil street: Rs 1,100 per sq.ft (2024)
• Venkateswara nagar: Rs 1,100 per sq.ft (2024)
• Venus Avenue: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in T.K.Arumugam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value amounts to Rs 14,30,000. The stamp duty at 7% would be Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, bringing the total charges to Rs 1,28,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers T.K.Arumugam Nagar?

The Sub Registrar Office that covers T.K.Arumugam Nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is essential during the registration of property transactions in Thirumazhisai. It serves as the benchmark for calculating stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

Frequently asked questions

What is the current guideline value of T.K.Arumugam Nagar?

The current guideline value of T.K.Arumugam Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2023 to Rs 1,430 per sq.ft in 2024, reflecting a 10% increase. It was Rs 871 per sq.ft in 2017 and Rs 1,300 per sq.ft in 2012, showing a significant increase over the years.

What is the land classification for T.K.Arumugam Nagar?

The land classification for T.K.Arumugam Nagar is Residential Special Type - II, indicating its suitability for residential development.

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

For a property valued at Rs 14,30,000, the stamp duty would be Rs 1,00,100 and the registration fee would be Rs 28,600, totaling Rs 1,28,700. The duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers T.K.Arumugam Nagar?

The Poonamallee Sub Registrar Office covers T.K.Arumugam Nagar, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.