Guideline Value for ARUMUGA PATTI K.M. RAJAGOPAL STREET

Arumuga Patti K.M. Rajagopal Street guideline value

The current guideline value of Arumuga Patti K.M. Rajagopal 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 K.M. Rajagopal Street has changed

The guideline value for Arumuga Patti K.M. Rajagopal Street has seen several revisions over the years. In 2007, the value was Rs 60 per sq.ft, which increased significantly to Rs 750 per sq.ft in 2012, marking a change of +1,150%. However, in 2017, the value dropped to Rs 502 per sq.ft, resulting in a decrease of -33%. The value remained at Rs 750 per sq.ft during the 2023 revision, and it continues at the same rate in the 2024 revision, showing no change of +0% between these two years. The register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by +1,150%. The revisions highlight fluctuations in value, with the most notable increase occurring between 2007 and 2012, followed by a decrease in 2017, and stability in the subsequent years.

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 aligns with the current value of Arumuga Patti K.M. Rajagopal Street.

• Arumuga Patti Karunaneethi Street: Rs 750 per sq.ft (2024)
• Arumuga Patti Neduvchezhian Street: Rs 750 per sq.ft (2024)
• Arumuga Patti Govindapilli Street: Rs 750 per sq.ft (2024)
• Arumuga Patti Ranga Pilli Street: Rs 750 per sq.ft (2024)
• Arumuga Patti Gangadharar Street: Rs 750 per sq.ft (2024)
• Arumuga Patti Subba Raya Street: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Arumuga Patti K.M. Rajagopal 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, and the registration fee at 2% would be Rs 15,000, bringing the total fees together to 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arumuga Patti K.M. Rajagopal Street?

The Sub Registrar Office that covers Arumuga Patti K.M. Rajagopal 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 in the registration process when buying or selling property in Walajabad. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction, ensuring that both parties adhere to the legal requirements set by the Registration Department.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the correct amount of revenue based on the property's value, as determined by the guideline value register.

Frequently asked questions

What is the current guideline value of Arumuga Patti K.M. Rajagopal Street?

The current guideline value of Arumuga Patti K.M. Rajagopal 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 remained at Rs 750 per sq.ft in 2023 and 2024.

What is the land classification for this street?

Arumuga Patti K.M. Rajagopal Street is classified as Residential Class IV Type - I.

Where can I find the registration office for this street?

The registration office for Arumuga Patti K.M. Rajagopal Street is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft would incur a total guideline value of Rs 7,50,000, with applicable stamp duty and registration fees calculated accordingly.