Guideline Value for ARUMUGA PATTI THENADAI STREET

Arumuga Patti Thenadai Street guideline value

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

In the 2007 revision, the guideline value was Rs 60 per sq.ft. This increased significantly in the 2012 revision to Rs 750 per sq.ft, marking a change of +1150%. The value then decreased to Rs 502 per sq.ft in the 2017 revision, a drop of -33%. The 2023 revision maintained the value at Rs 750 per sq.ft, and the same value continues into the 2024 revision, showing no change from the previous year.

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

Walajabad village has a total of 196 streets under the Walajabad SRO, with guideline values 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 equal to the current guideline value of Arumuga Patti Thenadai Street.

• Arumuga Patti Subba Raya Street: Rs 750 per sq.ft (2024)
• Arumuga Patti W.K Davarasnar Street: Rs 750 per sq.ft (2024)
• Arumuga Patti Ranga Pilli Street: Rs 750 per sq.ft (2024)
• Arumugapettai Elumalainaickerstreet: Rs 750 per sq.ft (2024)
• Arumuga Patti Neduvchezhian Street: Rs 750 per sq.ft (2024)
• Arumuga Patti K.M. Rajagopal Street: Rs 750 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 750 per sq.ft, the guideline value is Rs 7,50,000. The stamp duty at 7% amounts to Rs 52,500, and the registration fee at 2% is Rs 15,000, making the total Rs 67,500. Duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arumuga Patti Thenadai Street?

The Sub Registrar Office that covers Arumuga Patti Thenadai Street is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Walajabad. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property sales.

When buyers or sellers engage in a property transaction, the guideline value helps determine the official value of the property being sold. This value is essential for legal documentation and compliance with local regulations.

Frequently asked questions

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

The current guideline value of Arumuga Patti Thenadai 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, starting from Rs 60 per sq.ft in 2007 to Rs 750 per sq.ft in 2012, then dropping to Rs 502 per sq.ft in 2017, and returning to Rs 750 per sq.ft in 2023 and 2024.

Which Sub Registrar Office covers this street?

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

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 7,50,000, the stamp duty is Rs 52,500 and the registration fee is Rs 15,000, totaling Rs 67,500. These fees are based on the guideline value or the sale price, whichever is higher.

What is the land classification for Arumuga Patti Thenadai Street?

Arumuga Patti Thenadai Street is classified as Residential Class IV Type - I, which indicates its suitability for residential development within the area.