Guideline Value for ARUMUGA PATTI W.K DAVARASNAR STREET

Arumuga Patti W.K Davarasnar Street guideline value

The current guideline value of Arumuga Patti W.K Davarasnar Street is Rs 750 per sq.ft. This street is located in Walajabad village, under the Walajabad SRO, classified as Residential Class IV Type - I.

How the guideline value of Arumuga Patti W.K Davarasnar Street has changed

The guideline value for Arumuga Patti W.K Davarasnar 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 1150% increase. However, from 2012 to 2017, the value decreased to Rs 502 per sq.ft, a drop of 33%. The value then saw a substantial increase of 49% to Rs 750 per sq.ft in 2023, and it has remained the same in the 2024 revision.

Notably, the register has no figures for the years 2002 and 2003 for this street. The current guideline value of Rs 750 per sq.ft, effective from 1 July 2024, is unchanged from the previous year, indicating stability in the guideline value for this street.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO with guideline values ranging from Rs 400 to Rs 2,000 per sq.ft. The median value is Rs 750 per sq.ft, which is equal to the current guideline value of Arumuga Patti W.K Davarasnar Street.

• Arumuga Patti Thenadai Street: Rs 750 per sq.ft (2024)
• Arumugapettai Elumalainaickerstreet: Rs 750 per sq.ft (2024)
• Arumuga Patti Subba Raya Street: Rs 750 per sq.ft (2024)
• Arumuga Patti Ranga Pilli Street: 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 W.K Davarasnar 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 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arumuga Patti W.K Davarasnar Street?

The Sub Registrar Office that covers Arumuga Patti W.K Davarasnar 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 is a crucial factor during property registration in Walajabad. It serves as a basis for calculating the stamp duty and registration fees that are required when buying or selling property in the area.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for maintaining transparency in real estate transactions. 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 W.K Davarasnar Street?

The current guideline value of Arumuga Patti W.K Davarasnar 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 has remained at Rs 750 per sq.ft since 2023.

What other streets have the same guideline value in Walajabad?

Several other streets in Walajabad also have a guideline value of Rs 750 per sq.ft, including Arumuga Patti Thenadai Street, Arumugapettai Elumalainaickerstreet, and others.

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

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

How is the stamp duty calculated for properties in Walajabad?

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