Guideline Value for ARUMUGA PATTI GANAKA SABBI STREET

Arumuga Patti Ganaka Sabbi Street guideline value

The current guideline value of Arumuga Patti Ganaka Sabbi Street is Rs 750 per sq.ft. 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 Ganaka Sabbi Street has changed

The guideline value for Arumuga Patti Ganaka Sabbi Street has seen several revisions over the years. In the 2007 revision, the value was Rs 60 per sq.ft, which increased significantly to Rs 750 per sq.ft in the 2012 revision, marking a change of +1150%. However, from 2012 to 2017, the value decreased to Rs 502 per sq.ft, reflecting a change of -33%. The value then rose to Rs 750 per sq.ft in the 2023 revision, with no change from the previous year. The current 2024 revision maintains this value at Rs 750 per sq.ft, showing a change of +0% from 2023.

It is important to note that the guideline value register has no figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by +1150%.

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 in this village is Rs 750 per sq.ft, which is equal to the current guideline value of Arumuga Patti Ganaka Sabbi Street.

• Arumuga Patti First 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)
• Arumuga Patti K.M. Rajagopal Street: Rs 750 per sq.ft (2024)
• Arumuga Patti Neduvchezhian Street: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Arumuga Patti Ganaka Sabbi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty at 7% would amount to Rs 52,500, while the registration fee at 2% would be Rs 15,000. Together, the total cost for stamp duty and registration fee would be Rs 67,500. 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 further assistance.

Which Sub Registrar Office covers Arumuga Patti Ganaka Sabbi Street?

The Sub Registrar Office that covers Arumuga Patti Ganaka Sabbi 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 is a critical factor when buying or selling property in Walajabad. It serves as a benchmark for determining the minimum value of a property, which is used for calculating stamp duty and registration fees at the time of registration.

When a property is sold, the sale price must be compared with the guideline value. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the registration process adheres to the established guidelines.

Frequently asked questions

What is the current guideline value of Arumuga Patti Ganaka Sabbi Street?

The current guideline value of Arumuga Patti Ganaka Sabbi 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 from Rs 60 per sq.ft in 2007 to Rs 750 per sq.ft in 2024, resulting in an overall increase of +1150%.

What is the land classification of Arumuga Patti Ganaka Sabbi Street?

Arumuga Patti Ganaka Sabbi Street is classified as Residential Class IV Type - I.

Where can I find the Walajabad Sub Registrar Office?

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

How is stamp duty calculated for properties in Walajabad?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate for stamp duty is 7%, while the registration fee is 2%.