Guideline Value for CHINNAKADAI THIRD PALLAVARAM ARUMUGA SRTEET

Chinnakadai Third Pallavaram Arumuga Srteet guideline value

The current guideline value for Chinnakadai Third Pallavaram Arumuga Srteet is Rs 750 per sq.ft. 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 Third Pallavaram Arumuga Srteet has changed

The guideline value for Chinnakadai Third Pallavaram Arumuga Srteet has undergone several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 60 per sq.ft. This increased significantly to Rs 750 per sq.ft in 2012, marking an increase of 1,150%. However, in the subsequent revision of 2017, the value dropped to Rs 502 per sq.ft, a decrease of 33%. The value then rose again to Rs 750 per sq.ft in 2023, maintaining the same rate in the 2024 revision.

From 2017 to 2023, the guideline value saw an increase of 49%. The current value of Rs 750 per sq.ft, effective from 1 July 2024, reflects a 0% change from the previous year, indicating stability in the valuation for this street.

Guideline values in Walajabad

Walajabad village has a total of 196 streets under the Walajabad SRO, with 2024 guideline values 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 for Chinnakadai Third Pallavaram Arumuga Srteet.

• Chinnakada Magimaidoss First Street: Rs 750 per sq.ft (2024)
• Chinnakadai Second Bungalow Srteet: Rs 750 per sq.ft (2024)
• Chinnakada Ponnamaammal Street: 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 Chinnakadai Third Pallavaram Arumuga Srteet

For a 1,000 sq.ft plot at the current rate, the 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, totaling Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinnakadai Third Pallavaram Arumuga Srteet?

The Sub Registrar Office that covers Chinnakadai Third Pallavaram Arumuga 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

When buying or selling property in Walajabad, the guideline value serves as a benchmark for determining the minimum value for registration purposes. This value is crucial as it helps in calculating the stamp duty and registration fees that need to be paid during the transaction.

It is essential to note that the guideline value is set by the government and is subject to periodic revisions. Buyers and sellers should be aware of the latest guideline values to ensure compliance with registration requirements and to avoid any discrepancies during the property transaction process.

Frequently asked questions

What is the current guideline value for Chinnakadai Third Pallavaram Arumuga Srteet?

The current guideline value for Chinnakadai Third Pallavaram Arumuga 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. Significant changes include a 1,150% increase from 2007 to 2012 and a 49% increase from 2017 to 2023.

What is the land classification for Chinnakadai Third Pallavaram Arumuga Srteet?

Chinnakadai Third Pallavaram Arumuga Srteet is classified as Residential Class IV Type - I, which indicates its use for residential purposes.

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. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Chinnakadai Third Pallavaram Arumuga Srteet?

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