Guideline Value for Arunachalapillai Chathiram

Arunachalapillai Chathiram guideline value

The current guideline value for Arunachalapillai Chathiram is Rs 401 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Special Type - II.

How the guideline value of Arunachalapillai Chathiram has changed

The guideline value for Arunachalapillai Chathiram has seen several revisions over the years. The 2007 revision set the value at Rs 100 per sq.ft, which increased to Rs 400 per sq.ft in 2012. However, in 2017, the value dropped to Rs 268 per sq.ft before rising again to Rs 400 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 401 per sq.ft, reflecting no change from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 301%. Notably, the jump from 2012 to 2017 was a decrease of 33%, while the increase from 2017 to 2023 was a significant 49%. The register does not have figures for Arunachalapillai Chathiram for the years 2002 and 2003.

Guideline values in Uthiramerur

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

• Arunachalapillai Chathiram Kalani: Rs 700 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

For a 1,000 sq.ft plot at the current guideline value of Rs 401 per sq.ft, the total guideline value amounts to Rs 4,01,000. The stamp duty at 7% would be Rs 28,070, and the registration fee at 2% would be Rs 8,020, leading to a total cost of Rs 36,090. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arunachalapillai Chathiram?

The Sub Registrar Office that covers Arunachalapillai Chathiram 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 is a crucial factor when buying or selling property in Uthiramerur. It determines the minimum value at which a property can be registered, ensuring that both parties are aware of the official valuation of the property. This value is used to calculate the stamp duty and registration fees applicable during the transaction.

When registering a property, the guideline value serves as a reference point for the government to assess the transaction's legitimacy. Buyers and sellers should be aware of this value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Arunachalapillai Chathiram?

The current guideline value of Arunachalapillai Chathiram is Rs 401 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 401 per sq.ft in 2024, reflecting an overall increase of 301% over this period.

What is the land classification of Arunachalapillai Chathiram?

Arunachalapillai Chathiram is classified as Residential Special Type - II.

Where can I find the Uthiramerur Sub Registrar Office?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

How is stamp duty calculated for properties in Arunachalapillai Chathiram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 4,01,000 would incur a stamp duty of Rs 28,070 at 7%.