Guideline Value for CHINNAKADAI SECOND BUNGALOW SRTEET

Chinnakadai Second Bungalow Srteet guideline value

The current guideline value of Chinnakadai Second Bungalow Srteet is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village and falls under the Walajabad SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Chinnakadai Second Bungalow Srteet has changed

The guideline value for Chinnakadai Second Bungalow Srteet has seen several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 60 per sq.ft. This figure increased significantly to Rs 750 per sq.ft in 2012, marking a change of +1,150%. However, in 2017, the value adjusted to Rs 502 per sq.ft, which was a decrease of -33%. The most recent revisions in 2023 and 2024 both list the guideline value at Rs 750 per sq.ft, indicating no change of 0% between these two years.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by +1,150%.

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. The median value for these streets is Rs 750 per sq.ft, which is equal to the current guideline value of Chinnakadai Second Bungalow Srteet. Below are other streets in Walajabad with their respective guideline values:

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

Stamp duty and registration fee for property in Chinnakadai Second Bungalow Srteet

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. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinnakadai Second Bungalow Srteet?

The Sub Registrar Office that covers Chinnakadai Second Bungalow Srteet 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 during the registration process of property transactions in Walajabad. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value helps in assessing the minimum value on which stamp duty is calculated. This ensures that the transaction is recorded accurately in the official registry, reflecting the property's worth based on the established guideline values.

Frequently asked questions

What is the current guideline value of Chinnakadai Second Bungalow Srteet?

The current guideline value of Chinnakadai Second Bungalow Srteet 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 from Rs 60 per sq.ft in 2007 to Rs 750 per sq.ft in 2024, marking an overall increase of +1,150%.

What is the land classification for Chinnakadai Second Bungalow Srteet?

The land classification for Chinnakadai Second Bungalow Srteet is Residential Class IV Type - I.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Chinnakadai Second Bungalow Srteet is 7% of the guideline value or the sale price, whichever is higher.

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.