Guideline Value for ALLIKUTTAI ST

Allikuttai St guideline value

The current guideline value of Allikuttai 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 Allikuttai St has changed

In the 2012 revision, the guideline value was set at Rs 750 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 502 per sq.ft, marking a drop of 33%. The value then increased significantly by 49% to Rs 750 per sq.ft in the 2023 revision, which stayed the same in the 2024 revision, reflecting a change of 0%.

There are no figures available for the revisions in 2002, 2003, and 2007 for Allikuttai St. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained constant at Rs 750 per sq.ft.

Guideline values in Walajabad

Walajabad village has 196 streets under the Walajabad SRO, with guideline values ranging from Rs 400 to Rs 2,000 per sq.ft. The median guideline value is Rs 750 per sq.ft, which is equal to the current figure for Allikuttai St.

• A.K. Govindarajan St: Rs 750 per sq.ft (2024)
• Ambhethkar St: Rs 750 per sq.ft (2024)
• Amirtham Rail Nagar: Rs 700 per sq.ft (2024)
• Abirami Nagar: Rs 750 per sq.ft (2024)
• Aasiiryar Nagar Extension -I: Rs 1,500 per sq.ft (2024)
• Anna Nagar: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Allikuttai St

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total 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, making the total cost Rs 67,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Allikuttai St?

The Sub Registrar Office that covers Allikuttai St 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 essential factor when registering property in Walajabad. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately according to the prevailing rates.

When buying or selling property, it is crucial to be aware of the guideline value as it directly influences the costs associated with the registration process. Buyers should ensure that they are prepared for these expenses based on the current guideline values.

Frequently asked questions

What is the current guideline value of Allikuttai St?

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

How has the guideline value changed over the years?

The guideline value for Allikuttai St has seen various changes, with the most recent revisions being Rs 750 per sq.ft in both 2023 and 2024. The value was Rs 502 per sq.ft in 2017 and Rs 750 per sq.ft in 2012.

What is the land classification for Allikuttai St?

Allikuttai St is classified as Residential Class IV Type - I, indicating its suitability for residential purposes.

Where can I find the Walajabad Sub Registrar Office?

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

How is stamp duty calculated on property in Allikuttai St?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 750 per sq.ft would incur a stamp duty of Rs 52,500.