Guideline Value for BAGAVATHIYAMMAN KOVIL ST

Bagavathiyamman Kovil St guideline value

The current guideline value of Bagavathiyamman Kovil 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 Bagavathiyamman Kovil St has changed

The guideline value for Bagavathiyamman Kovil St has seen several revisions over the years. The most recent revision in 2024 maintains the rate at Rs 750 per sq.ft, which was also the case in the 2023 revision. Prior to that, the 2017 revision set the value at Rs 502 per sq.ft, reflecting a significant increase of 49% from 2017 to 2023. The 2012 revision also had a guideline value of Rs 750 per sq.ft, indicating a decrease of 33% from 2012 to 2017. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Overall, from the 2012 revision to the current 2024 revision, there has been no change in the guideline value, remaining at Rs 750 per sq.ft. This consistency reflects the stability of the guideline value over the past years, with fluctuations occurring primarily between the earlier revisions.

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 guideline value in this village is Rs 750 per sq.ft, which is equal to the current rate for Bagavathiyamman Kovil St.

• Ayarpadistreet: Rs 750 per sq.ft (2024)
• Asiriyar Nagar: Rs 1,500 per sq.ft (2024)
• Asiad Residency: Rs 1,000 per sq.ft (2024)
• Balaji Nagar: Rs 750 per sq.ft (2024)
• Arunthathiyar St: Rs 750 per sq.ft (2024)
• Arunthathiar Palayam Street: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Bagavathiyamman Kovil 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, bringing the total cost for these fees to Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bagavathiyamman Kovil St?

The Sub Registrar Office that covers Bagavathiyamman Kovil 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 process when buying or selling property in Walajabad. It serves as a reference point for determining the stamp duty and registration fees that need to be paid, ensuring that all transactions are conducted transparently and fairly.

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

Frequently asked questions

What is the current guideline value of Bagavathiyamman Kovil St?

The current guideline value of Bagavathiyamman Kovil 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 remained at Rs 750 per sq.ft in 2023 and 2024, while it was Rs 502 per sq.ft in 2017. The value was also Rs 750 per sq.ft in 2012, showing a 49% increase from 2017 to 2023.

What is the land classification for Bagavathiyamman Kovil St?

Bagavathiyamman Kovil St is classified as Residential Class IV Type - I, indicating its suitability for residential development.

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 for properties in Walajabad?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 7,50,000 would incur a stamp duty of Rs 52,500 at a rate of 7%.