Guideline Value for EHTHIRALU NAIDU STREET

Ehthiralu Naidu Street guideline value

The current guideline value of Ehthiralu Naidu Street is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village, under the Walajabad Sub Registrar Office (SRO), and is classified as Residential Class IV Type - I.

How the guideline value of Ehthiralu Naidu Street has changed

Since the 2007 revision, when the guideline value was Rs 60 per sq.ft, there have been several changes. The value rose significantly to Rs 750 per sq.ft in 2012, maintained the same figure in 2023, and continues at Rs 750 per sq.ft as of the 2024 revision, indicating a remarkable overall increase of 1150% from 2007 to 2024. The 2017 revision saw an increase to Rs 502 per sq.ft, marking a 49% rise from the previous figure in 2012.

It's important to note that the guideline value for Ehthiralu Naidu Street remained unchanged from 2023 to 2024, with a consistent rate of Rs 750 per sq.ft. Additionally, there are no figures available in the register for the years 2002 and 2003 for this street.

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 is Rs 750 per sq.ft, which is equal to the current guideline value of Ehthiralu Naidu Street.

• Ebrahimsaibu St: Rs 750 per sq.ft (2024)
• Durasamy Naidu St: Rs 750 per sq.ft (2024)
• Eswaran Koil Street: Rs 750 per sq.ft (2024)
• Dhasappa Ubedhar Street: Rs 750 per sq.ft (2024)
• Dharmaraja Kovil Street: Rs 750 per sq.ft (2024)
• Dharmaraja Kovil Cross St: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Ehthiralu Naidu 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 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 detailed calculations.

Which Sub Registrar Office covers Ehthiralu Naidu Street?

The Sub Registrar Office that covers Ehthiralu Naidu 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 element in the registration process for property transactions in Walajabad. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory for legal property transfers.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair and standardized rate, which helps in maintaining transparency in the real estate market.

Frequently asked questions

What is the current guideline value of Ehthiralu Naidu Street?

The current guideline value of Ehthiralu Naidu 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 2024, showing an overall increase of 1150% over this period.

What is the land classification for Ehthiralu Naidu Street?

Ehthiralu Naidu Street is classified as Residential Class IV Type - I, indicating its use for residential purposes.

Which Sub Registrar Office handles registrations for this street?

The Walajabad Sub Registrar Office handles registrations for Ehthiralu Naidu Street, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is stamp duty calculated for properties in Walajabad?

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