Guideline Value for Arulmigu sundaravaratha perumalkovil street south side

Arulmigu sundaravaratha perumalkovil street south side guideline value

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

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

Looking at the revisions, the guideline value for this street has remained stable at Rs 100 per sq.ft for both the 2023 and 2024 revisions. Prior to this, in the 2017 revision, the value was Rs 44 per sq.ft, indicating a significant increase of 127% from 2017 to 2023. The 2012 revision set the value at Rs 65 per sq.ft, which reflects a decrease of 32% when compared to the subsequent 2017 figure.

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

Guideline values in 111. Alapakkam

Within 111. Alapakkam, there are five streets under the Salavakkam SRO that carry a guideline value for 2024, ranging from Rs 100 to Rs 102 per sq.ft, with the median being Rs 100 per sq.ft. Arulmigu sundaravaratha perumalkovil street south side's 2024 figure is equal to this median.

• Arulmigu sundaravaratha perumalkovil street north side: Rs 100 per sq.ft (2024)
• Arulmigu selliamman kovil street: 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 south side

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to 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, bringing the total fees together to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Arulmigu sundaravaratha perumalkovil street south 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 details.

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

The guideline value is an essential factor in the registration process of property transactions in 111. Alapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

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

The current guideline value for Arulmigu sundaravaratha perumalkovil street south 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 seen significant changes, from Rs 65 per sq.ft in 2012 to Rs 44 per sq.ft in 2017, and then to Rs 100 per sq.ft in both 2023 and 2024, reflecting a 54% overall increase from 2012 to 2024.

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

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000. These fees are based on the higher of the guideline value or the sale price.

Which office handles property registrations for this street?

The Salavakkam Sub Registrar Office handles property registrations for Arulmigu sundaravaratha perumalkovil street south side, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

What is the land classification for this street?

The land classification for Arulmigu sundaravaratha perumalkovil street south side is Residential Class I Type - I, indicating its suitability for residential purposes.