Guideline Value for PALLAVARAM ARUMUGAM ST

Pallavaram Arumugam St guideline value

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

How the guideline value of Pallavaram Arumugam St has changed

The guideline value for Pallavaram Arumugam St has seen several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 750 per sq.ft. The next revision in 2024 maintained the same value of Rs 750 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, and 2007.

Looking back further, the 2017 revision recorded a guideline value of Rs 502 per sq.ft, which was a significant increase of 49% from the previous figure of Rs 750 per sq.ft in 2012. The value then decreased by 33% from 2012 to 2017, but overall, from 2012 to 2024, there has been no change in the guideline value.

Guideline values in Walajabad

In Walajabad, there are 196 streets that carry a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft, with a median value of Rs 750 per sq.ft. The guideline value of Pallavaram Arumugam St aligns perfectly with this median.

• Pallikuda St: Rs 750 per sq.ft (2024)
• Palayakara Third Srteet: Rs 750 per sq.ft (2024)
• Palayakara Forth Street: Rs 750 per sq.ft (2024)
• Palayakara First Street: Rs 750 per sq.ft (2024)
• Palakara Second Street: Rs 750 per sq.ft (2024)
• Paramashivam Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Pallavaram Arumugam St

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. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pallavaram Arumugam St?

The Sub Registrar Office that covers Pallavaram Arumugam St is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration process of property transactions in Walajabad. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official value assigned to the property.

When a property is bought or sold, the guideline value helps in determining the legal obligations regarding payments to the government. It is essential for both parties to be informed about the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Pallavaram Arumugam St?

The current guideline value of Pallavaram Arumugam St is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 750 per sq.ft since 2012, with the most recent revision in 2024 maintaining this figure. The value increased from Rs 502 per sq.ft in 2017 to Rs 750 per sq.ft in 2023, showing a 49% increase during that period.

What are the other streets in Walajabad with the same guideline value?

Other streets in Walajabad that share the same guideline value of Rs 750 per sq.ft include Pallikuda St, Palayakara Third Street, Palayakara Forth Street, Palayakara First Street, and Palakara Second Street.

What is the stamp duty rate for properties in Pallavaram Arumugam St?

The stamp duty rate for properties in Pallavaram Arumugam St is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Pallavaram Arumugam St?

The Sub Registrar Office for Pallavaram Arumugam St is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find more details by visiting the official site.