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 Vallancheri 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 undergone several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 2,000 per sq.ft. This figure dropped to Rs 1,340 per sq.ft in 2017, marking a decrease of 33%. Following this, the value increased significantly to Rs 2,000 per sq.ft in 2023, and then rose again to the current rate of Rs 2,200 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no recorded guideline values for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Vallancheri

In Vallancheri, there are 134 streets under the Chengleput Joint II SRO carrying a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 825 per sq.ft, placing Arun Execello Estancia Residential Apts 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 amounts to Rs 22,00,000. The stamp duty 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 the 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 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 further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vallancheri. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the property is valued appropriately according to government standards.

When a property is sold, the guideline value is compared to the sale price, and the duty is charged on whichever amount is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

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 to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at 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 (Ward -1)?

The Chengleput Joint II Sub Registrar Office handles registrations for 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 (Ward -1)?

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