Guideline Value for ARUMINAYAGAM STREET

Aruminayagam Street guideline value

The current guideline value of Aruminayagam Street is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village, under the jurisdiction of the Walajabad SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Aruminayagam Street has changed

Over the years, the guideline value of Aruminayagam Street has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged in the subsequent revisions of 2017 and 2023. The 2017 revision recorded a value of Rs 402 per sq.ft, reflecting a decrease of 33% from 2012. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 600 per sq.ft.

The most recent revision in 2024 also maintains the guideline value at Rs 600 per sq.ft, indicating no change from the previous year. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO, with guideline values ranging from Rs 400 to Rs 2,000 per sq.ft. The median guideline value in this area is Rs 750 per sq.ft, placing Aruminayagam Street's 2024 figure below this median.

• Arulnathan St: Rs 750 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 Aruminayagam Street

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aruminayagam Street?

The Sub Registrar Office that covers Aruminayagam Street is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Walajabad. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the correct fees are applied. This value serves as a benchmark for property transactions, ensuring transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Aruminayagam Street?

The current guideline value of Aruminayagam Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent figure remaining unchanged at Rs 600 per sq.ft since 2023. The value was Rs 402 per sq.ft in 2017, reflecting a 49% increase by 2023.

What is the median guideline value in Walajabad?

The median guideline value in Walajabad is Rs 750 per sq.ft. Aruminayagam Street's current guideline value is below this median.

What are the stamp duty rates for property in Aruminayagam Street?

The stamp duty for property in Aruminayagam Street is 7% of the guideline value or sale price, whichever is higher. For example, a property valued at Rs 6,00,000 would incur a stamp duty of Rs 42,000.

Which office handles registrations for Aruminayagam Street?

The Walajabad Sub Registrar Office handles registrations for Aruminayagam Street, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.