Guideline Value for ARULNATHAN ST

Arulnathan St guideline value

The current guideline value of Arulnathan St is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village, under the Walajabad SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Arulnathan St has changed

Over the years, the guideline value of Arulnathan St has seen several revisions. The earliest available figure is from 2012, where the value was Rs 750 per sq.ft. This remained unchanged in the subsequent revision in 2017, where the value dropped to Rs 502 per sq.ft. The 2023 revision saw a return to Rs 750 per sq.ft, which was maintained in the 2024 revision, indicating no change from the previous year. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%, but then increased by 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 750 per sq.ft.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft. The median value is Rs 750 per sq.ft, making Arulnathan St's 2024 figure equal to this median.

• Aruminayagam Street: Rs 600 per sq.ft (2024)
• Arumuga Patti First Street: Rs 750 per sq.ft (2024)
• Arumuga Patti Ganaka Sabbi Street: Rs 750 per sq.ft (2024)
• Arumuga Patti Gangadharar Street: Rs 750 per sq.ft (2024)
• Arumuga Patti Govindapilli Street: Rs 750 per sq.ft (2024)
• Arumuga Patti Karunaneethi Street: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Arulnathan St

For a 1,000 sq.ft plot at the current rate of Rs 750 per sq.ft, the guideline value would be Rs 7,50,000. The stamp duty at 7% would amount to Rs 52,500, and the registration fee at 2% would be Rs 15,000, totaling Rs 67,500. 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 Arulnathan St?

The Sub Registrar Office that covers Arulnathan St is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for additional assistance.

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

The guideline value is a critical factor when buying or selling property in Walajabad. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers must be aware that the guideline value is used to calculate these fees, ensuring compliance with local regulations.

When a property is registered, the guideline value is assessed to determine the applicable charges. This process helps maintain transparency in property transactions and ensures that all parties are aware of the financial obligations involved.

Frequently asked questions

What is the current guideline value of Arulnathan St?

The current guideline value of Arulnathan St is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 750 per sq.ft from 2012 to 2024, with a decrease to Rs 502 per sq.ft in 2017. There were no figures available for the years 2002, 2003, and 2007.

What is the land classification for Arulnathan St?

Arulnathan St is classified as Residential Class IV Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot, the total fees would be Rs 67,500.

Where is the Sub Registrar Office for Arulnathan St located?

The Sub Registrar Office covering Arulnathan St is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.