Guideline Value for sriSRIARUNACHALACITY PHASE-IV

sriSRIARUNACHALACITY PHASE-IV guideline value

The current guideline value of sriSRIARUNACHALACITY PHASE-IV is Rs 400 per sq.ft, effective from 1 July 2024. This property is located in Pazhayaseevaram -A village, under the Walajabad SRO, and is classified as Residential Class I Type - II.

How the guideline value of sriSRIARUNACHALACITY PHASE-IV has changed

The guideline value for sriSRIARUNACHALACITY PHASE-IV has seen several revisions over the years. The 2017 revision set the value at Rs 268 per sq.ft, which remained unchanged in the 2023 revision at Rs 400 per sq.ft. The 2024 revision also maintains this rate at Rs 400 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%, bringing the value from Rs 268 per sq.ft to Rs 400 per sq.ft. Overall, from 2017 to 2024, the guideline value has increased by 49% as well, reflecting the same figures in the most recent revisions.

Guideline values in Pazhayaseevaram -A

In Pazhayaseevaram -A, there are 26 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 500 per sq.ft, with a median value of Rs 350 per sq.ft. The guideline value for sriSRIARUNACHALACITY PHASE-IV is above this median.

• Sri Varadharaja Avenue: Rs 400 per sq.ft (2024)
• Sri Sai Nagar: Rs 350 per sq.ft (2024)
• Sri Lakshmi Narasimmar Nagar: Rs 250 per sq.ft (2024)
• Sri Krishna Nagar: Rs 350 per sq.ft (2024)
• Temple Meadows: Rs 500 per sq.ft (2024)
• Sri Hari Avenue Ext - I: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in sriSRIARUNACHALACITY PHASE-IV

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. 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 sriSRIARUNACHALACITY PHASE-IV?

The Sub Registrar Office that covers sriSRIARUNACHALACITY PHASE-IV is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Pazhayaseevaram -A

The guideline value is a crucial factor in the registration process when buying or selling property in Pazhayaseevaram -A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of sriSRIARUNACHALACITY PHASE-IV?

The current guideline value of sriSRIARUNACHALACITY PHASE-IV is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft from 2023 to 2024, while it increased by 49% from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023.

What is the land classification of sriSRIARUNACHALACITY PHASE-IV?

sriSRIARUNACHALACITY PHASE-IV is classified as Residential Class I Type - II.

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

For a 1,000 sq.ft plot valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000.

Where is the Sub Registrar Office for this property located?

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