Guideline Value for ARUMUGAPETTAI ELUMALAINAICKERSTREET

Arumugapettai Elumalainaickerstreet guideline value

The current guideline value of Arumugapettai Elumalainaickerstreet is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village and falls under the jurisdiction of the Walajabad SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Arumugapettai Elumalainaickerstreet has changed

Over the years, the guideline value for Arumugapettai Elumalainaickerstreet has seen various revisions. The 2007 revision set the value at Rs 60 per sq.ft, which then increased significantly to Rs 750 per sq.ft in the 2012 revision. However, in the 2017 revision, the value dropped to Rs 502 per sq.ft. The 2023 revision maintained this value at Rs 750 per sq.ft, and the current 2024 revision also holds the same rate, reflecting a change of +49% from 2017 to 2023, and no change from 2023 to 2024.

The register does not contain figures for the years 2002 and 2003 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 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 for Arumugapettai Elumalainaickerstreet aligns exactly with this median.

• Arumuga Patti W.K Davarasnar Street: Rs 750 per sq.ft (2024)
• Arumuga Patti Thenadai Street: 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 Arumugapettai Elumalainaickerstreet

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, calculated at 7%, would be Rs 52,500, while 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 and the sale price.

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

Which Sub Registrar Office covers Arumugapettai Elumalainaickerstreet?

The Sub Registrar Office that covers Arumugapettai Elumalainaickerstreet 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 when registering property transactions in Walajabad. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the legal and financial implications of the transaction. It is essential to consult the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Arumugapettai Elumalainaickerstreet?

The current guideline value of Arumugapettai Elumalainaickerstreet 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 decreasing to Rs 502 per sq.ft in 2017. The value remained the same in the 2023 and 2024 revisions.

What is the land classification for Arumugapettai Elumalainaickerstreet?

The land classification for Arumugapettai Elumalainaickerstreet is Residential Class IV Type - I.

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

The Sub Registrar Office for Arumugapettai Elumalainaickerstreet is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is stamp duty calculated for property transactions?

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