Guideline Value for ARUMUGA PATTI SUBBA RAYA STREET

Arumuga Patti Subba Raya Street guideline value

The current guideline value of Arumuga Patti Subba Raya Street 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 Arumuga Patti Subba Raya Street has changed

The guideline value for Arumuga Patti Subba Raya Street has seen several revisions over the years. The earliest recorded figure is from 2007, when the value was Rs 60 per sq.ft. This increased significantly to Rs 750 per sq.ft in 2012, marking a substantial rise of 1,150%. However, in 2017, the value dropped to Rs 502 per sq.ft, which was a decrease of 33%. The value then rose again to Rs 750 per sq.ft in both 2023 and 2024, indicating no change between these two revisions.

Specifically, from 2017 to 2023, the guideline value increased by 49%. As such, the overall change from the 2007 figure to the current 2024 figure shows a remarkable increase of 1,150%.

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 guideline value for these streets is Rs 750 per sq.ft, which is equal to the 2024 figure for Arumuga Patti Subba Raya Street.

• Arumuga Patti Ranga Pilli Street: Rs 750 per sq.ft (2024)
• Arumuga Patti Thenadai Street: Rs 750 per sq.ft (2024)
• Arumuga Patti Neduvchezhian Street: Rs 750 per sq.ft (2024)
• Arumuga Patti W.K Davarasnar Street: Rs 750 per sq.ft (2024)
• Arumuga Patti K.M. Rajagopal Street: Rs 750 per sq.ft (2024)
• Arumugapettai Elumalainaickerstreet: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Arumuga Patti Subba Raya Street

For a 1,000 sq.ft plot at the current rate of Rs 750 per sq.ft, the guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total to Rs 67,500. Please note that 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 details.

Which Sub Registrar Office covers Arumuga Patti Subba Raya Street?

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

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

The guideline value is a crucial factor in the registration process when buying or selling property in Walajabad. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is considered alongside the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Arumuga Patti Subba Raya Street?

The current guideline value of Arumuga Patti Subba Raya Street is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 60 per sq.ft in 2007 to Rs 750 per sq.ft in 2012, followed by a decrease to Rs 502 per sq.ft in 2017. It then rose again to Rs 750 per sq.ft in both 2023 and 2024.

What is the land classification for Arumuga Patti Subba Raya Street?

Arumuga Patti Subba Raya Street is classified as Residential Class IV Type - I, indicating its suitability for residential development.

What are the other streets in Walajabad with the same guideline value?

Several other streets in Walajabad also have a guideline value of Rs 750 per sq.ft in 2024, including Arumuga Patti Ranga Pilli Street, Arumuga Patti Thenadai Street, and others.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Arumuga Patti Subba Raya Street is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find more details online.