Guideline Value for JOTHIKANNIYAMMAN KOVIL ST

Jothikanniyamman Kovil St guideline value

The current guideline value of Jothikanniyamman Kovil 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 St has changed

The guideline value for Jothikanniyamman Kovil St has seen several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which remained unchanged until the 2023 revision, where it was again Rs 750 per sq.ft. The most recent 2024 revision also maintains the value at Rs 750 per sq.ft, indicating no change from the previous year. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Looking further back, the 2017 revision recorded a guideline value of Rs 502 per sq.ft, which marked a significant increase of 49% from the previous 2023 figure. However, from 2012 to 2017, there was a decrease of 33% in the guideline value. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 750 per sq.ft.

Guideline values in Walajabad

In Walajabad, there are a total of 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 guideline value is Rs 750 per sq.ft, which is equal to the 2024 figure for Jothikanniyamman Kovil St.

• Jothikanniyamman Kovil Cross 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 St

For a 1,000 sq.ft plot at the current rate of Rs 750 per sq.ft, 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 or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jothikanniyamman Kovil St?

The Sub Registrar Office that covers Jothikanniyamman Kovil St 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 plays a crucial role during the registration of property transactions in Walajabad. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value is compared to the actual sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Jothikanniyamman Kovil St?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 750 per sq.ft since the 2012 revision, with no change from 2023 to 2024. However, it increased by 49% from Rs 502 per sq.ft in 2017 to Rs 750 per sq.ft in 2023.

What are the stamp duty rates for property in Walajabad?

The stamp duty for property transactions in Walajabad is charged at a rate of 7% on the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

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. You can find more details by visiting the relevant link.

What is the land classification for Jothikanniyamman Kovil St?

Jothikanniyamman Kovil St is classified as Residential Class IV Type - I, which indicates its designated use for residential purposes within the Walajabad village.