Guideline Value for CHINNAKADA PONNAMAAMMAL STREET

Chinnakada Ponnamaammal Street guideline value

The current guideline value of Chinnakada Ponnamaammal Street 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 Chinnakada Ponnamaammal Street has changed

In the 2007 revision, the guideline value was Rs 60 per sq.ft. This increased significantly to Rs 750 per sq.ft in the 2012 revision, marking a substantial rise of 1,150%. However, in the 2017 revision, the value decreased to Rs 502 per sq.ft, a drop of 33%. The guideline value then rose again to Rs 750 per sq.ft in the 2023 revision, remaining unchanged in the 2024 revision.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 750 per sq.ft. Overall, from 2007 to 2024, the guideline value has increased by 1,150%.

Guideline values in Walajabad

Walajabad village has a total of 196 streets under the Walajabad SRO, with guideline values ranging from Rs 400 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 750 per sq.ft, which aligns with the current guideline value of Chinnakada Ponnamaammal Street.

• Chinnakada Magimaidoss First Street: Rs 750 per sq.ft (2024)
• Chinnakadai Third Pallavaram Arumuga Srteet: Rs 750 per sq.ft (2024)
• Chinnakadai Second Bungalow Srteet: Rs 750 per sq.ft (2024)
• Chinnakadai Sakkiliar Nattham Nagara Suthi: Rs 750 per sq.ft (2024)
• Chinnakadai Magimaidhas Forth Street: Rs 750 per sq.ft (2024)
• Chinnakadai Arulnathan Street: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnakada Ponnamaammal Street

For a 1,000 sq.ft plot at the current rate, the guideline value would be 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 Rs 67,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chinnakada Ponnamaammal Street?

The Sub Registrar Office that covers Chinnakada Ponnamaammal Street 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 a crucial factor when registering property transactions in Walajabad. It helps determine the stamp duty and registration fees that need to be paid during the buying or selling process.

When a property is sold, the guideline value acts as a benchmark for the transaction. The authorities will charge the stamp duty based on the higher of the guideline value or the actual sale price, ensuring that the fees reflect the property's value accurately.

Frequently asked questions

What is the current guideline value of Chinnakada Ponnamaammal Street?

The current guideline value of Chinnakada Ponnamaammal Street is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 60 per sq.ft in 2007, rising to Rs 750 in 2012, dropping to Rs 502 in 2017, and then returning to Rs 750 in 2023 and 2024.

What is the land classification for Chinnakada Ponnamaammal Street?

Chinnakada Ponnamaammal Street is classified as Residential Class IV Type - I.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft plot, the guideline value is Rs 7,50,000, leading to a stamp duty of Rs 52,500 and a registration fee of Rs 15,000, totaling Rs 67,500.

Where is the Sub Registrar Office for Chinnakada Ponnamaammal Street located?

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