Guideline Value for BIMARAJA MUTHALI ST

Bimaraja Muthali St guideline value

The current guideline value of Bimaraja Muthali 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 Bimaraja Muthali St has changed

The guideline value for Bimaraja Muthali St has seen several revisions over the years. In the 2012 revision, the value was set at Rs 750 per sq.ft. This remained unchanged until the 2017 revision, which saw a decrease to Rs 502 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 750 per sq.ft, marking a 49% rise. The 2024 revision has maintained this value at Rs 750 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged 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, with a median value of Rs 750 per sq.ft. Bimaraja Muthali St's guideline value is equal to this median.

• BOJAKARA-1rd- ST: Rs 1,000 per sq.ft (2024)
• BOJAKARA-2rd- ST: Rs 1,000 per sq.ft (2024)
• Bojakara Street: Rs 1,000 per sq.ft (2024)
• Bokkar St: Rs 750 per sq.ft (2024)
• Bharathi Nagar: Rs 750 per sq.ft (2024)
• Chellaperumal Mudhali Street: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Bimaraja Muthali 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 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 our stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Bimaraja Muthali St?

Bimaraja Muthali St falls under the jurisdiction of the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

For more information, you can find your SRO.

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

The guideline value is a crucial factor during property registration in Walajabad. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives due revenue from property transactions.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership. Buyers should be aware of these costs to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Bimaraja Muthali St?

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

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has experienced fluctuations, with a decrease to Rs 502 per sq.ft in 2017, followed by an increase back to Rs 750 per sq.ft in 2023 and 2024.

What is the land classification for Bimaraja Muthali St?

Bimaraja Muthali 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 do I calculate stamp duty for a property in Bimaraja Muthali St?

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