Guideline Value for CHINNAKADAARUMAI NAYAGAM ST

Chinnakadaarumai Nayagam St guideline value

The current guideline value of Chinnakadaarumai Nayagam 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 Chinnakadaarumai Nayagam St has changed

The guideline value for Chinnakadaarumai Nayagam St has seen several revisions over the years. In 2007, the value was Rs 60 per sq.ft, which increased significantly to Rs 750 per sq.ft in 2012. However, in the following revision in 2017, the value dropped to Rs 502 per sq.ft, before rising again to Rs 750 per sq.ft in both 2023 and 2024.

From 2017 to 2023, the guideline value increased by 49%, while from 2012 to 2017, it decreased by 33%. Notably, the jump from 2007 to 2012 was a remarkable 1150%. Overall, from 2007 to 2024, the guideline value has increased by 1150%. The register has no figures for the years 2002 and 2003 for this street.

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. Chinnakadaarumai Nayagam St's 2024 guideline value is equal to this median.

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

Stamp duty and registration fee for property in Chinnakadaarumai Nayagam 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, calculated at 7%, would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total fees to Rs 67,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chinnakadaarumai Nayagam St?

The Sub Registrar Office that covers Chinnakadaarumai Nayagam 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 a crucial factor when registering property in Walajabad. It determines the minimum value at which a property can be sold or purchased, ensuring that all transactions are recorded at a fair value.

When you buy or sell property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for completing the transaction. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chinnakadaarumai Nayagam St?

The current guideline value of Chinnakadaarumai Nayagam 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 changed several times, with the most recent revisions being Rs 750 per sq.ft in both 2023 and 2024, and a significant increase from Rs 60 per sq.ft in 2007 to Rs 750 per sq.ft in 2012.

What is the land classification for Chinnakadaarumai Nayagam St?

Chinnakadaarumai Nayagam St is classified as Residential Class IV Type - I.

Where can I find the registration office for Chinnakadaarumai Nayagam St?

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

How is the stamp duty calculated for properties in Walajabad?

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