Guideline Value for CHINNAKADAI ARULNATHAN STREET

Chinnakadai Arulnathan Street guideline value

The current guideline value of Chinnakadai Arulnathan Street is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village and falls under the Walajabad SRO, classified as Residential Class IV Type - I.

How the guideline value of Chinnakadai Arulnathan Street has changed

The guideline value for Chinnakadai Arulnathan Street has undergone several revisions over the years. In 2007, the guideline value was Rs 60 per sq.ft, which increased significantly to Rs 750 per sq.ft in 2012. However, this value dropped to Rs 502 per sq.ft in 2017, before returning to Rs 750 per sq.ft in both 2023 and the latest revision in 2024. The register has no figure for this street for the years 2002 and 2003.

From 2007 to 2012, there was a substantial increase of 1,150%. This was followed by a decrease of 33% from 2012 to 2017. The value then saw a notable increase of 49% from 2017 to 2023, with no change from 2023 to 2024, maintaining the guideline value at Rs 750 per sq.ft.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO, with guideline values ranging from Rs 400 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 750 per sq.ft, which aligns with the current value for Chinnakadai Arulnathan Street.

• Chinnakadaarumai Nayagam St: Rs 750 per sq.ft (2024)
• Chinnakadai Magimaidhas Forth Street: Rs 750 per sq.ft (2024)
• Chinnakadai Sakkiliar Nattham Nagara Suthi: Rs 750 per sq.ft (2024)
• Chinnakadai Second Bungalow Srteet: Rs 750 per sq.ft (2024)
• Chinnakadai Third Pallavaram Arumuga Srteet: Rs 750 per sq.ft (2024)
• Chinnakada Magimaidoss First Street: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnakadai Arulnathan Street

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. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinnakadai Arulnathan Street?

The Sub Registrar Office that covers Chinnakadai Arulnathan Street 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 an important factor in the registration process for property transactions in Walajabad. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When buyers and sellers engage in a transaction, the guideline value is used to ensure that the property is registered at a fair value, which is crucial for legal and taxation purposes. This value helps in maintaining transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Chinnakadai Arulnathan Street?

The current guideline value of Chinnakadai Arulnathan Street is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 60 per sq.ft in 2007 to Rs 750 per sq.ft in 2012, then decreased to Rs 502 per sq.ft in 2017, and returned to Rs 750 per sq.ft in both 2023 and 2024.

What is the land classification for Chinnakadai Arulnathan Street?

Chinnakadai Arulnathan Street is classified as Residential Class IV Type - I according to the local regulations.

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

For a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500, and the registration fee would be Rs 15,000, totaling Rs 67,500.

Which office handles property registrations for Chinnakadai Arulnathan Street?

The Walajabad Sub Registrar Office handles property registrations for Chinnakadai Arulnathan Street, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.