Guideline Value for ARUMUGA PATTI KARUNANEETHI STREET

Arumuga Patti Karunaneethi Street guideline value

The current guideline value of Arumuga Patti Karunaneethi Street is Rs 750 per sq.ft. This street is located in Walajabad village and falls under the Walajabad SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Arumuga Patti Karunaneethi Street has changed

The guideline value for Arumuga Patti Karunaneethi Street has seen several revisions over the years. In 2007, the guideline value was Rs 60 per sq.ft, which increased significantly to Rs 750 per sq.ft in 2012, marking a substantial rise of 1150%. However, in 2017, the value decreased to Rs 502 per sq.ft, reflecting a drop of 33%. The value then rose again to Rs 750 per sq.ft in 2023 and remained the same in the 2024 revision, showing no change from the previous year.

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

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that have a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft, with the median being Rs 750 per sq.ft. The guideline value of Arumuga Patti Karunaneethi Street aligns perfectly with this median.

• Arumuga Patti Govindapilli Street: Rs 750 per sq.ft (2024)
• Arumuga Patti K.M. Rajagopal Street: Rs 750 per sq.ft (2024)
• Arumuga Patti Gangadharar Street: Rs 750 per sq.ft (2024)
• Arumuga Patti Neduvchezhian Street: Rs 750 per sq.ft (2024)
• Arumuga Patti Ganaka Sabbi Street: Rs 750 per sq.ft (2024)
• Arumuga Patti Ranga Pilli Street: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Arumuga Patti Karunaneethi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total 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 cost for these fees 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.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Arumuga Patti Karunaneethi Street?

The Sub Registrar Office that covers Arumuga Patti Karunaneethi Street is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Walajabad. It is used to determine the stamp duty and registration fees applicable when registering a property. Buyers and sellers must be aware of the guideline value as it directly influences the costs associated with property transactions.

When a property is sold or purchased, the registration process requires the payment of stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Arumuga Patti Karunaneethi 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 several times, starting from Rs 60 per sq.ft in 2007 to Rs 750 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Arumuga Patti Karunaneethi Street?

The land classification for Arumuga Patti Karunaneethi Street is Residential Class IV Type - I.

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

The Walajabad Sub Registrar Office covers Arumuga Patti Karunaneethi Street and is 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 guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 750 per sq.ft, the stamp duty would be Rs 52,500.