Guideline Value for SRI ARUNACHALACITY PHASE-IV

Sri Arunachalacity Phase-IV guideline value

The current guideline value of Sri Arunachalacity Phase-IV is Rs 500 per sq.ft, effective from 1 July 2024. This property is located in Pazhayaseevaram -A village, under the jurisdiction of the Walajabad SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sri Arunachalacity Phase-IV has changed

The guideline value for Sri Arunachalacity Phase-IV has seen changes over the years. In the 2017 revision, the value was Rs 335 per sq.ft, which increased to Rs 500 per sq.ft in both the 2023 and 2024 revisions, marking a 49% increase from 2017 to 2023. The 2024 revision shows no change from the 2023 figure, indicating a stable value at Rs 500 per sq.ft.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. The overall increase in guideline value from 2017 to 2024 is also 49%.

Guideline values in Pazhayaseevaram -A

Pazhayaseevaram -A has a range of guideline values across its 26 streets, with figures for 2024 varying from Rs 200 to Rs 500 per sq.ft. The median guideline value in this village is Rs 350 per sq.ft, placing Sri Arunachalacity Phase-IV above this median.

• Sri Arunachala City Phase-III: Rs 200 per sq.ft (2024)
• Sri Balaji Nagar: Rs 500 per sq.ft (2024)
• Sri Hari Avenue Ext - I: Rs 500 per sq.ft (2024)
• Sri Krishna Nagar: Rs 350 per sq.ft (2024)
• Sri Lakshmi Narasimmar Nagar: Rs 250 per sq.ft (2024)
• Sri Sai Nagar: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Arunachalacity Phase-IV

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Arunachalacity Phase-IV?

The Sub Registrar Office that covers Sri Arunachalacity Phase-IV 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 Pazhayaseevaram -A

The guideline value plays a crucial role in the registration process when buying or selling property in Pazhayaseevaram -A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are essential for the legal transfer of ownership. This helps maintain transparency in property transactions and protects the interests of both buyers and sellers.

Frequently asked questions

What is the current guideline value of Sri Arunachalacity Phase-IV?

The current guideline value of Sri Arunachalacity Phase-IV is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft since the 2023 revision, with a 49% increase from Rs 335 per sq.ft in the 2017 revision.

What is the land classification for Sri Arunachalacity Phase-IV?

Sri Arunachalacity Phase-IV is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where is the Walajabad Sub Registrar Office located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Sri Arunachalacity Phase-IV?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 5,00,000 would incur a stamp duty of Rs 35,000 at 7%.