Guideline Value for CHINNAKADAI SAKKILIAR NATTHAM NAGARA SUTHI

Chinnakadai Sakkiliar Nattham Nagara Suthi guideline value

The current guideline value of Chinnakadai Sakkiliar Nattham Nagara Suthi 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 Sakkiliar Nattham Nagara Suthi has changed

Over the years, the guideline value for Chinnakadai Sakkiliar Nattham Nagara Suthi has seen several revisions. The 2007 revision set the value at Rs 60 per sq.ft, which then increased significantly to Rs 750 per sq.ft in the 2012 revision. However, the 2017 revision saw a decrease to Rs 502 per sq.ft, before rising again to Rs 750 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

In summary, from 2007 to 2024, the overall increase in guideline value is +1150%. The changes between the revisions include a +1150% increase from 2007 to 2012, followed by a -33% decrease from 2012 to 2017, and a +49% increase from 2017 to 2023.

Guideline values in Walajabad

Walajabad village features a total of 196 streets under the Walajabad SRO, with the 2024 guideline values ranging from Rs 400 to Rs 2,000 per sq.ft. The median guideline value is Rs 750 per sq.ft, which is equal to the current value of Chinnakadai Sakkiliar Nattham Nagara Suthi.

• Chinnakadai Magimaidhas Forth Street: Rs 750 per sq.ft (2024)
• Chinnakadai Second Bungalow Srteet: Rs 750 per sq.ft (2024)
• Chinnakadai Arulnathan Street: Rs 750 per sq.ft (2024)
• Chinnakadaarumai Nayagam St: 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 Chinnakadai Sakkiliar Nattham Nagara Suthi

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 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinnakadai Sakkiliar Nattham Nagara Suthi?

The Chinnakadai Sakkiliar Nattham Nagara Suthi is covered by 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 in property transactions in Walajabad, as it determines the minimum price at which properties can be registered. Buyers and sellers must consider the guideline value when negotiating sale prices, as the registration office will charge fees based on this value.

When registering a property, the buyer will need to pay stamp duty and registration fees calculated on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Chinnakadai Sakkiliar Nattham Nagara Suthi?

The current guideline value of Chinnakadai Sakkiliar Nattham Nagara Suthi 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 2024, representing an overall increase of +1150% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 7,50,000, the stamp duty is Rs 52,500 and the registration fee is Rs 15,000, totaling Rs 67,500. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registration in Chinnakadai Sakkiliar Nattham Nagara Suthi?

The Walajabad Sub Registrar Office handles property registration for Chinnakadai Sakkiliar Nattham Nagara Suthi, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

What is the land classification of Chinnakadai Sakkiliar Nattham Nagara Suthi?

Chinnakadai Sakkiliar Nattham Nagara Suthi is classified as Residential Class IV Type - I, indicating its suitability for residential development.