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 Thailavaram 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 Arun Execello Estancia Residential Apts has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then decreased to Rs 1,340 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,000 per sq.ft in the 2023 revision, and further rose to Rs 2,200 per sq.ft in the 2024 revision. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

Between the revisions, there were notable changes. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO, with guideline values for 2024 ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 770 per sq.ft, making the guideline value for Arun Execello Estancia Residential Apts above the median.

• Athiparasakthi Nagar, Thailavaram (Ward-21): Rs 1,980 per sq.ft (2024)
• Avvaiyar Street (Ward-20): Rs 881 per sq.ft (2024)
• Anna Street (Ward-21): Rs 660 per sq.ft (2024)
• Anna Street (Ward-20): Rs 881 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 amounts to Rs 22,00,000. The stamp duty, calculated at 7%, would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to 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 detailed calculations.

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

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

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

The guideline value is a critical factor in the registration process when buying or selling property in Thailavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the buyer and seller must consider the guideline value to ensure that the correct fees are calculated. This value is essential for compliance with local regulations and helps to facilitate a smooth transaction.

Frequently asked questions

What is the current guideline value for Arun Execello Estancia Residential Apts?

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 to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What are the stamp duty and registration fees for this property?

For a property with a guideline value of Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for Arun Execello Estancia Residential Apts?

The Chengleput Joint II Sub Registrar Office is responsible for registrations in Arun Execello Estancia Residential Apts (Ward -1), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for Arun Execello Estancia Residential Apts?

Arun Execello Estancia Residential Apts (Ward -1) is classified as Residential Special Type - I, indicating its suitability for residential development.