Guideline Value for JOTHIKANNIYAMMAN KOVIL CROSS ST

Jothikanniyamman Kovil Cross St guideline value

The current guideline value of Jothikanniyamman Kovil Cross St 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 Jothikanniyamman Kovil Cross St has changed

In the 2012 revision, the guideline value was set at Rs 750 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 502 per sq.ft, marking a drop of 33%. The value then increased significantly to Rs 750 per sq.ft in the 2023 revision, and this figure has remained constant into the 2024 revision, showing no change from the previous year.

Overall, when comparing the 2012 to 2024 revisions, the guideline value shows no net change, remaining at Rs 750 per sq.ft. The 2017 to 2023 period saw a notable increase of 49%, reflecting the fluctuations in the guideline value over the years.

Guideline values in Walajabad

Walajabad village features 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 guideline value is Rs 750 per sq.ft, which aligns with the current value for Jothikanniyamman Kovil Cross St.

• Jothikanniyamman Kovil St: Rs 750 per sq.ft (2024)
• Javulikadai Street: Rs 750 per sq.ft (2024)
• Kaliyamman Kovil St: Rs 750 per sq.ft (2024)
• KAMARAJAR ST (Meenavar colony): Rs 750 per sq.ft (2024)
• Indira Nagar-Cross St: Rs 750 per sq.ft (2024)
• INDIRA NAGAR-3st -ST: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Jothikanniyamman Kovil Cross St

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, totaling 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 Jothikanniyamman Kovil Cross St?

The Sub Registrar Office covering Jothikanniyamman Kovil Cross St is 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 during the registration of property transactions in Walajabad. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these costs are calculated based on the official value of the property.

When buying or selling property, the guideline value ensures transparency and consistency in the registration process. It helps both buyers and sellers understand the financial implications of their transactions, as the fees are based on this established value.

Frequently asked questions

What is the current guideline value of Jothikanniyamman Kovil Cross St?

The current guideline value of Jothikanniyamman Kovil Cross St is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has remained at Rs 750 per sq.ft in 2012, 2023, and 2024, while it dropped to Rs 502 per sq.ft in 2017. The value increased by 49% from 2017 to 2023.

What is the land classification for Jothikanniyamman Kovil Cross St?

Jothikanniyamman Kovil Cross St is classified as Residential Class IV Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, a 1,000 sq.ft plot at Rs 750 per sq.ft incurs a total fee of Rs 67,500.

Where is the Sub Registrar Office for Jothikanniyamman Kovil Cross St located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone, and it handles the registration of properties in this area.