Guideline Value for ARUNTHATHIYAR ST

Arunthathiyar St guideline value

The current guideline value of Arunthathiyar St 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 Arunthathiyar St has changed

Over the years, the guideline value of Arunthathiyar St has seen several revisions. The 2012 revision set the value at Rs 750 per sq.ft, which was a decrease of 33% from the Rs 502 per sq.ft recorded in the 2017 revision. The 2023 revision maintained the value at Rs 750 per sq.ft, and this figure has remained unchanged into the 2024 revision.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. From 2017 to 2023, the guideline value increased by 49%, but overall, from 2012 to 2024, there has been no change in the guideline value.

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 is Rs 750 per sq.ft, which is equal to the guideline value of Arunthathiyar St.

• Arunthathiar Palayam Street: 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 Arunthathiyar St

For a 1,000 sq.ft plot at the current rate of Rs 750 per sq.ft, the guideline value amounts to 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, totaling Rs 67,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arunthathiyar St?

The Sub Registrar Office that covers Arunthathiyar St 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 critical factor when registering property transactions in Walajabad. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and transparently.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications of their transactions, based on the established values for various streets in the area.

Frequently asked questions

What is the current guideline value of Arunthathiyar St?

The current guideline value of Arunthathiyar St is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 750 per sq.ft since 2012, with a significant increase of 49% from Rs 502 per sq.ft in 2017 to 2023. However, there has been no change from 2023 to 2024.

What is the land classification for Arunthathiyar St?

Arunthathiyar St is classified as Residential Class IV Type - I, indicating its suitability for residential purposes.

Where can I find the Walajabad Sub Registrar Office?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, the total cost for a property valued at Rs 7,50,000 would include a stamp duty of Rs 52,500 and a registration fee of Rs 15,000.