Guideline Value for ARUMUGA PATTI GANGADHARAR STREET

Arumuga Patti Gangadharar Street guideline value

The current guideline value of Arumuga Patti Gangadharar 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 Gangadharar Street has changed

The guideline value for Arumuga Patti Gangadharar Street has undergone several revisions over the years. The 2007 revision set the value at Rs 60 per sq.ft, which increased significantly to Rs 750 per sq.ft in the 2012 revision. This marked a substantial increase of 1,150%. However, the value decreased to Rs 502 per sq.ft in the 2017 revision, reflecting a decline of 33%. The guideline value then remained at Rs 750 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years. The register has no figure for this street for the years 2002 and 2003.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 1,150%. The 2023 to 2024 revision showed no change, maintaining the value 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 guideline value for these streets is Rs 750 per sq.ft, which is the same as the current value for Arumuga Patti Gangadharar Street.

• Arumuga Patti Ganaka Sabbi Street: Rs 750 per sq.ft (2024)
• Arumuga Patti Govindapilli Street: Rs 750 per sq.ft (2024)
• Arumuga Patti First 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 Gangadharar 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, charged 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 and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arumuga Patti Gangadharar Street?

The Sub Registrar Office that covers Arumuga Patti Gangadharar Street is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. For more information, you can find your SRO.

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 determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Arumuga Patti Gangadharar Street?

The current guideline value of Arumuga Patti Gangadharar 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 2012, then decreased to Rs 502 per sq.ft in 2017, and remained at Rs 750 per sq.ft in both 2023 and 2024.

What is the median guideline value for streets in Walajabad?

The median guideline value for streets in Walajabad is Rs 750 per sq.ft, which is the same as the current value for Arumuga Patti Gangadharar Street.

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

For a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500 and the registration fee would be Rs 15,000, totaling Rs 67,500.

Where is the Sub Registrar Office for this street located?

The Sub Registrar Office for Arumuga Patti Gangadharar Street is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.