Guideline Value for Arunachalapillai Chathiram Kalani

Arunachalapillai Chathiram Kalani guideline value

The current guideline value of Arunachalapillai Chathiram Kalani is Rs 700 per sq.ft, effective from 1 July 2024. This property is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Arunachalapillai Chathiram Kalani has changed

Over the years, the guideline value for Arunachalapillai Chathiram Kalani has seen several revisions. In 2007, the guideline value was Rs 100 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012, marking a 600% rise. However, from 2012 to 2017, the value decreased to Rs 469 per sq.ft, reflecting a decline of 33%. The value then rose again to Rs 700 per sq.ft in 2023 and has remained the same through to the 2024 revision, indicating no change from the previous year.

The revisions for the years 2002 and 2003 do not have figures recorded for this street. Overall, from 2007 to 2024, the guideline value has increased by 600%.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft. The median value for these streets is Rs 800 per sq.ft, placing Arunachalapillai Chathiram Kalani's value below this median.

• Arunachalapillai Chathiram: Rs 401 per sq.ft (2024)
• Asaiya Nagar: Rs 905 per sq.ft (2024)
• Astalakshmi Homes: Rs 1,000 per sq.ft (2024)
• Ayya Dhurai Nayudu Street: Rs 1,200 per sq.ft (2024)
• Ayya Thandavaraya Chetty Street: Rs 1,500 per sq.ft (2024)
• Anna Nagar: Rs 401 per sq.ft (2024)

Stamp duty and registration fee for property in Arunachalapillai Chathiram Kalani

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, while the registration fee at 2% would be Rs 14,000, bringing the total cost for these fees to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arunachalapillai Chathiram Kalani?

The Sub Registrar Office that covers Arunachalapillai Chathiram Kalani is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Uthiramerur. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value is referenced to calculate the total fees, which are mandatory for the registration process. Buyers should be aware that the fees are based on the guideline value or the sale price, whichever is higher, to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value for Arunachalapillai Chathiram Kalani?

The current guideline value for Arunachalapillai Chathiram Kalani is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 700 per sq.ft in 2012, then decreased to Rs 469 per sq.ft in 2017, and returned to Rs 700 per sq.ft by 2023, remaining the same in 2024.

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 63,000.

Which office handles property registrations for Arunachalapillai Chathiram Kalani?

The Uthiramerur Sub Registrar Office handles property registrations for Arunachalapillai Chathiram Kalani, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406.

What is the land classification for Arunachalapillai Chathiram Kalani?

The land classification for Arunachalapillai Chathiram Kalani is Residential Class III Type - I, indicating its suitability for residential development.