Guideline Value for ARUN EXECELLO ESTANCIA RESIDENTIAL APTS (WARD -1)

Arun Execello Estancia Residential Apts (Ward -1) guideline value

The current guideline value for Arun Execello Estancia Residential Apts (Ward -1) is Rs 2,200 per sq.ft, effective from 1 July 2024. This property is located in Konathi village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - I.

How the guideline value of Arun Execello Estancia Residential Apts (Ward -1) has changed

The guideline value for this property has seen several revisions over the years. In 2012, the guideline value was Rs 2,000 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 1,340 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 2,000 per sq.ft in 2023, followed by a further increase to Rs 2,200 per sq.ft in 2024, reflecting a 10% rise.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Konathi

In Konathi, there are 131 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,500 per sq.ft, with a median value of Rs 770 per sq.ft. The guideline value for Arun Execello Estancia Residential Apts (Ward -1) is above this median.

• Athiparasakthi Nagar, Thailavaram (Ward-21): Rs 1,980 per sq.ft (2024)
• Avvaiyar Street (Ward-20): Rs 880 per sq.ft (2024)
• Anna Street (Ward-21): Rs 660 per sq.ft (2024)
• Anna Street (Ward-20): Rs 880 per sq.ft (2024)
• Anna Street Potheri (Ward -1): Rs 770 per sq.ft (2024)
• Bajanai Koil Street, Korukanthankal (Ward-20): Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Arun Execello Estancia Residential Apts (Ward -1)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, leading to a total of Rs 1,98,000. It is important to note that 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 precise calculations.

Which Sub Registrar Office covers Arun Execello Estancia Residential Apts (Ward -1)?

The Chengleput Joint II Sub Registrar Office covers Arun Execello Estancia Residential Apts (Ward -1). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Konathi. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property.

When registering a property, the guideline value is considered to ensure that the correct fees are calculated based on the property's value. This helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value for Arun Execello Estancia Residential Apts (Ward -1)?

The current guideline value for Arun Execello Estancia Residential Apts (Ward -1) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Arun Execello Estancia Residential Apts (Ward -1)?

The land classification for Arun Execello Estancia Residential Apts (Ward -1) is Residential Special Type - I.

What is the stamp duty rate applicable in Chengalpattu?

The stamp duty rate applicable in Chengalpattu is 7%, which is calculated on the higher of the guideline value or the sale price of the property.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.