Guideline Value for DHASAPPA UBEDHAR STREET

Dhasappa Ubedhar Street guideline value

The current guideline value of Dhasappa Ubedhar Street is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village, falling under the Walajabad SRO, with a land classification of Residential Class IV Type - I.

How the guideline value of Dhasappa Ubedhar Street has changed

The guideline value for Dhasappa Ubedhar Street has undergone several revisions over the years. The 2007 revision set the value at Rs 60 per sq.ft, which increased significantly to Rs 750 per sq.ft in the 2012 revision. However, in the 2017 revision, it decreased to Rs 502 per sq.ft before rising again to Rs 750 per sq.ft in both the 2023 and 2024 revisions, showing no change between these two years.

From 2017 to 2023, there was a notable increase of 49%. The overall change from the 2007 revision to the current 2024 figure reflects a substantial increase of 1150%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Walajabad

Walajabad village has 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 value is Rs 750 per sq.ft, which is equal to the current guideline value of Dhasappa Ubedhar Street.

• Dharmaraja Kovil Street: Rs 750 per sq.ft (2024)
• Dharmaraja Kovil Cross St: Rs 750 per sq.ft (2024)
• Dhanalakshmi Nagar Extension-III: Rs 1,200 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 750 per sq.ft (2024)
• Dhaksnamoorthy Nagar: Rs 600 per sq.ft (2024)
• Durasamy Naidu St: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Dhasappa Ubedhar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty at 7% would amount to 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 and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dhasappa Ubedhar Street?

The Sub Registrar Office that covers Dhasappa Ubedhar Street 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 in the registration process when buying or selling property in Walajabad. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Dhasappa Ubedhar Street?

The current guideline value of Dhasappa Ubedhar 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 from Rs 60 per sq.ft in 2007 to Rs 750 per sq.ft in 2012, decreased to Rs 502 per sq.ft in 2017, and returned to Rs 750 per sq.ft in both 2023 and 2024.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft plot, the stamp duty would be Rs 52,500 and the registration fee would be Rs 15,000, totaling Rs 67,500 based on the current guideline value.

Which Sub Registrar Office covers Dhasappa Ubedhar Street?

The Walajabad Sub Registrar Office covers Dhasappa Ubedhar Street, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

What is the land classification for Dhasappa Ubedhar Street?

Dhasappa Ubedhar Street is classified as Residential Class IV Type - I, which influences its guideline value and usage.