Guideline Value for ARUNTHATHIAR PALAYAM STREET

Arunthathiar Palayam Street guideline value

The current guideline value of Arunthathiar Palayam Street is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village, under the Walajabad SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Arunthathiar Palayam Street has changed

The guideline value for Arunthathiar Palayam Street has undergone several revisions over the years. The earliest recorded revision was in 2007, with a value of Rs 60 per sq.ft. This increased significantly to Rs 750 per sq.ft in 2012, marking a change of +1,150%. However, in the 2017 revision, the value decreased to Rs 502 per sq.ft, resulting in a drop of -33%. The value then rose again to Rs 750 per sq.ft in both the 2023 and 2024 revisions, with no change between these two years.

It is important to note that the register has no figures for Arunthathiar Palayam Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by +1,150%.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft. The median value for these streets is Rs 750 per sq.ft, which is equal to the current guideline value of Arunthathiar Palayam Street.

• Arunthathiyar St: Rs 750 per sq.ft (2024)
• Arumugapettai Elumalainaickerstreet: Rs 750 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in Arunthathiar Palayam Street

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, making the total charges Rs 67,500. 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 Arunthathiar Palayam Street?

The Sub Registrar Office that covers Arunthathiar Palayam Street is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Walajabad. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the costs involved in the transaction. This helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Arunthathiar Palayam Street?

The current guideline value of Arunthathiar Palayam 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 significantly 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 returned to Rs 750 per sq.ft in 2023 and 2024.

What are the other streets in Walajabad with the same guideline value?

Other streets in Walajabad with a guideline value of Rs 750 per sq.ft include Arunthathiyar St, Arumugapettai Elumalainaickerstreet, Arumuga Patti W.K Davarasnar Street, Arumuga Patti Thenadai Street, Arumuga Patti Subba Raya Street, and Arumuga Patti Ranga Pilli Street.

What are the stamp duty and registration fees for properties in Arunthathiar Palayam Street?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total charges would be Rs 67,500.

Which office handles the registration for Arunthathiar Palayam Street?

The Walajabad Sub Registrar Office handles the registration for Arunthathiar Palayam Street, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.