Guideline Value for Surakapuram Arunthathipuram North Street

Surakapuram Arunthathipuram North Street guideline value

The current guideline value of Surakapuram Arunthathipuram North Street is Rs 105 per sq.ft, effective from 1 July 2024. This street is located in Vayaloor village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Surakapuram Arunthathipuram North Street has changed

The guideline value for Surakapuram Arunthathipuram North Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 100 per sq.ft. This was followed by a decrease to Rs 67 per sq.ft in 2017, and then an increase to Rs 100 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 105 per sq.ft.

In terms of changes, from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. The change from 2023 to 2024 reflects a modest increase of 5%. Overall, from 2012 to 2024, the guideline value has seen an increase of 5%.

Guideline values in Vayaloor

Vayaloor village has 18 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 105 to Rs 155 per sq.ft. The median value for these streets is Rs 105 per sq.ft, which is equal to the guideline value of Surakapuram Arunthathipuram North Street.

• Surakapuram irular Colony: Rs 105 per sq.ft (2024)
• Surakapuram Melandai Street: Rs 105 per sq.ft (2024)
• Surakapuram Nadu Street: Rs 105 per sq.ft (2024)
• Surakapuram Perumal Kovil Street: Rs 105 per sq.ft (2024)
• Stalin Nagar: Rs 155 per sq.ft (2024)
• Utchimedu: Rs 105 per sq.ft (2024)

Stamp duty and registration fee for property in Surakapuram Arunthathipuram North Street

For a 1,000 sq.ft plot at the current guideline value of Rs 105 per sq.ft, the total guideline value amounts to Rs 1,05,000. The stamp duty is charged at 7%, which totals Rs 7,350, while the registration fee is 2%, amounting to Rs 2,100. Together, these fees total Rs 9,450. It's important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Surakapuram Arunthathipuram North Street?

The Sub Registrar Office that covers Surakapuram Arunthathipuram North Street is the Sunguvarchattram Sub Registrar Office. The address is Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Vayaloor. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid during the registration of a property sale.

When a buyer or seller engages in a property transaction, the guideline value is used to determine the official value of the property for registration purposes. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Surakapuram Arunthathipuram North Street?

The current guideline value of Surakapuram Arunthathipuram North Street is Rs 105 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 2012 to Rs 67 per sq.ft in 2017, then to Rs 100 per sq.ft in 2023, and finally to Rs 105 per sq.ft in 2024.

What is the land classification for Surakapuram Arunthathipuram North Street?

The land classification for Surakapuram Arunthathipuram North Street is Residential Class III Type - I.

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

For a property valued at Rs 1,05,000, the stamp duty is Rs 7,350 and the registration fee is Rs 2,100, totaling Rs 9,450.

Where is the Sub Registrar Office for this street located?

The Sub Registrar Office covering Surakapuram Arunthathipuram North Street is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.