Guideline Value for KALIYAMMAN KOVIL ST

Kaliyamman Kovil St guideline value

The current guideline value of Kaliyamman Kovil St is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village and falls under the Walajabad SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Kaliyamman Kovil St has changed

Over the years, the guideline value of Kaliyamman Kovil St has undergone several revisions. 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 2017 revision saw a decrease to Rs 502 per sq.ft, marking a -33% change from 2012. From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 750 per sq.ft.

The latest revision in 2024 maintained the guideline value at Rs 750 per sq.ft, indicating a 0% change from the previous year. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Kaliyamman Kovil St.

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 among these streets is Rs 750 per sq.ft, which aligns with the current guideline value of Kaliyamman Kovil St.

• KAMARAJAR ST (Meenavar colony): Rs 750 per sq.ft (2024)
• Kammala Street: Rs 750 per sq.ft (2024)
• Kancheepuram Salai: Rs 1,500 per sq.ft (2024)
• Jothikanniyamman Kovil St: Rs 750 per sq.ft (2024)
• Jothikanniyamman Kovil Cross St: Rs 750 per sq.ft (2024)
• Kannigapuram Second Cross Street: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Kaliyamman 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 information.

Which Sub Registrar Office covers Kaliyamman Kovil St?

The Sub Registrar Office that covers Kaliyamman 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 details.

How the guideline value is used when you buy or sell in Walajabad

The guideline value is a crucial factor when buying or selling property in Walajabad. It serves as a benchmark for determining the registration fees and stamp duty applicable during the property transaction process.

When a property is registered, the guideline value is used to calculate the applicable duties, ensuring that the transaction is compliant with local regulations. This value helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Kaliyamman Kovil St?

The current guideline value of Kaliyamman 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 a decrease to Rs 502 per sq.ft in 2017 and an increase back to Rs 750 per sq.ft by 2023.

What is the land classification for Kaliyamman Kovil St?

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

Where can I find the Sub Registrar Office for Kaliyamman Kovil St?

The Sub Registrar Office for Kaliyamman Kovil St is 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 guideline value or the sale price, whichever is higher. For example, a property valued at Rs 7,50,000 would incur a stamp duty of Rs 52,500 at a rate of 7%.