Guideline Value for CHINNAKADAI MAGIMAIDHAS FORTH STREET

Chinnakadai Magimaidhas Forth Street guideline value

The current guideline value of Chinnakadai Magimaidhas Forth 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 Chinnakadai Magimaidhas Forth Street has changed

The guideline value for Chinnakadai Magimaidhas Forth Street has undergone several revisions over the years. In 2007, the value was set at Rs 60 per sq.ft, which increased significantly to Rs 750 per sq.ft in 2012, marking a change of +1150%. However, the value then decreased to Rs 502 per sq.ft in 2017, reflecting a decline of -33%. The value remained at Rs 750 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these years.

Notably, there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by +1150%.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that have 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 is equal to the guideline value of Chinnakadai Magimaidhas Forth Street.

• Chinnakadai Arulnathan Street: Rs 750 per sq.ft (2024)
• Chinnakadai Sakkiliar Nattham Nagara Suthi: Rs 750 per sq.ft (2024)
• Chinnakadaarumai Nayagam St: 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)
• Chinnakadai Magimaidoss First Street: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnakadai Magimaidhas Forth Street

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 or the sale price.

You can use the stamp duty and registration fee calculator for more specific calculations.

Which Sub Registrar Office covers Chinnakadai Magimaidhas Forth Street?

The Sub Registrar Office that covers Chinnakadai Magimaidhas Forth Street is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Walajabad. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to consider the guideline value, as it affects the overall cost of the transaction. Buyers should be aware that the guideline value may impact their financial planning and budgeting for property purchases.

Frequently asked questions

What is the current guideline value of Chinnakadai Magimaidhas Forth Street?

The current guideline value of Chinnakadai Magimaidhas Forth 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 changed significantly from Rs 60 per sq.ft in 2007 to Rs 750 per sq.ft in 2012, then decreased to Rs 502 per sq.ft in 2017, and remained at Rs 750 per sq.ft in both 2023 and 2024.

What are the other streets in Walajabad with the same guideline value?

Several other streets in Walajabad have the same guideline value of Rs 750 per sq.ft, including Chinnakadai Arulnathan Street, Chinnakadai Sakkiliar Nattham Nagara Suthi, and Chinnakadai Second Bungalow Srteet, among others.

How is the stamp duty calculated for properties in Chinnakadai Magimaidhas Forth Street?

Stamp duty for properties in Chinnakadai Magimaidhas Forth Street 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 Chinnakadai Magimaidhas Forth Street?

The Sub Registrar Office for Chinnakadai Magimaidhas Forth Street is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.