Guideline Value for APPAJI ST

Appaji St guideline value

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

How the guideline value of Appaji St has changed

Over the years, the guideline value of Appaji St has seen several revisions. The 2012 revision set the value at Rs 750 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 502 per sq.ft. Following that, the value increased significantly by 49% to Rs 750 per sq.ft in the 2023 revision, and it has remained the same in the 2024 revision as well. The register has no figure for this street in the revisions of 2002, 2003, and 2007.

From the 2012 revision to the 2024 revision, the overall change is 0%, indicating stability in the guideline value during this period. The 2023 to 2024 revision shows no percentage change, maintaining the value at Rs 750 per sq.ft.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft. The median value is Rs 750 per sq.ft, which matches the 2024 figure for Appaji St.

• Arulnathan St: Rs 750 per sq.ft (2024)
• Aruminayagam Street: Rs 600 per sq.ft (2024)
• Anna Nagar Extension-II: Rs 500 per sq.ft (2024)
• Arumuga Patti First Street: Rs 750 per sq.ft (2024)
• Arumuga Patti Ganaka Sabbi Street: Rs 750 per sq.ft (2024)
• Arumuga Patti Gangadharar Street: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Appaji St

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty at 7% would amount to Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total fees together to Rs 67,500. 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 Appaji St?

The Sub Registrar Office that covers Appaji 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 plays a crucial role during the registration of property transactions in Walajabad. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers must be aware that the stamp duty is calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to refer to the guideline value to ensure compliance with local regulations. This value is periodically revised, and understanding its implications can help buyers and sellers make informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of Appaji St?

The current guideline value of Appaji 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 fluctuated, with the most recent revisions showing a value of Rs 750 per sq.ft in both 2023 and 2024, while it was Rs 502 per sq.ft in 2017 and Rs 750 per sq.ft in 2012.

What are the other streets in Walajabad with similar guideline values?

Other streets in Walajabad with a guideline value of Rs 750 per sq.ft include Arulnathan St, Arumuga Patti First Street, Arumuga Patti Ganaka Sabbi Street, and Arumuga Patti Gangadharar Street.

How is the stamp duty calculated for properties on Appaji St?

Stamp duty for properties on Appaji St is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 7,50,000 would incur a stamp duty of Rs 52,500.

Where can I find the Sub Registrar Office for Appaji St?

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