Guideline Value for ARUMUGA PATTI RANGA PILLI STREET

Arumuga Patti Ranga Pilli Street guideline value

The current guideline value of Arumuga Patti Ranga Pilli 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 Ranga Pilli Street has changed

The guideline value for Arumuga Patti Ranga Pilli Street has undergone 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, in the 2017 revision, it dropped to Rs 502 per sq.ft, a decrease of -33%. The value then rose again to Rs 750 per sq.ft in both the 2023 and 2024 revisions, showing no change between these two years.

Notably, there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from the 2007 revision to the 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 area is Rs 750 per sq.ft, which is equal to the current figure for Arumuga Patti Ranga Pilli Street.

• Arumuga Patti Neduvchezhian Street: Rs 750 per sq.ft (2024)
• Arumuga Patti Subba Raya Street: Rs 750 per sq.ft (2024)
• Arumuga Patti K.M. Rajagopal Street: Rs 750 per sq.ft (2024)
• Arumuga Patti Thenadai Street: Rs 750 per sq.ft (2024)
• Arumuga Patti Karunaneethi Street: Rs 750 per sq.ft (2024)
• Arumuga Patti W.K Davarasnar Street: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Arumuga Patti Ranga Pilli 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, while the registration fee at 2% would be Rs 15,000, bringing the total charges to Rs 67,500. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arumuga Patti Ranga Pilli Street?

The Sub Registrar Office that covers Arumuga Patti Ranga Pilli 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 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. This ensures that the transaction is fairly assessed according to the established property values in the area.

Frequently asked questions

What is the current guideline value of Arumuga Patti Ranga Pilli Street?

The current guideline value of Arumuga Patti Ranga Pilli 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 seen several changes, with the most significant increase occurring from Rs 60 per sq.ft in 2007 to Rs 750 per sq.ft in 2012, marking a +1150% increase. The value remained at Rs 750 per sq.ft in the revisions for 2012, 2023, and 2024.

What is the land classification for Arumuga Patti Ranga Pilli Street?

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

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. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Walajabad?

Stamp duty for properties in Walajabad is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500 at a rate of 7%.