Guideline Value for Arulmigu sundaravaratha perumalkovil street north side

Arulmigu sundaravaratha perumalkovil street north side guideline value

The current guideline value of Arulmigu sundaravaratha perumalkovil street north side is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in 111. Alapakkam village under the Salavakkam SRO, classified as Residential Class I Type - I.

How the guideline value of Arulmigu sundaravaratha perumalkovil street north side has changed

Looking at the revisions, the guideline value for this street was Rs 65 per sq.ft in 2012, which increased to Rs 44 per sq.ft in 2017. This was a decrease of 32%. However, from 2017 to 2023, the value rose significantly by 127%, bringing it back to Rs 100 per sq.ft in 2023, which remained unchanged in the 2024 revision.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 54%.

Guideline values in 111. Alapakkam

In 111. Alapakkam, there are five streets under the Salavakkam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 102 per sq.ft, with the median being Rs 100 per sq.ft. The guideline value for Arulmigu sundaravaratha perumalkovil street north side matches this median.

• Arulmigu selliamman kovil street: Rs 100 per sq.ft (2024)
• Arulmigu sundaravaratha perumalkovil street south side: Rs 100 per sq.ft (2024)
• Padappai street: Rs 101 per sq.ft (2024)
• Zion Nagar: Rs 102 per sq.ft (2024)

Stamp duty and registration fee for property in Arulmigu sundaravaratha perumalkovil street north side

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value would be Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arulmigu sundaravaratha perumalkovil street north side?

The Sub Registrar Office that covers Arulmigu sundaravaratha perumalkovil street north side is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 111. Alapakkam

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

It is essential for buyers and sellers in 111. Alapakkam to be aware of the current guideline value, as it impacts the overall costs associated with property transactions. Understanding how this value is calculated can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value for Arulmigu sundaravaratha perumalkovil street north side?

The current guideline value for Arulmigu sundaravaratha perumalkovil street north side is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft from 2023 to 2024. It increased from Rs 44 per sq.ft in 2017, which was a 127% rise, and decreased from Rs 65 per sq.ft in 2012 to Rs 44 per sq.ft in 2017.

What is the land classification for this street?

Arulmigu sundaravaratha perumalkovil street north side is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for this area?

The Salavakkam Sub Registrar Office covers Arulmigu sundaravaratha perumalkovil street north side, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 1,00,000, the stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000.