Guideline Value for KARUPPAN KOVIL STREET

Karuppan Kovil Street guideline value

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

How the guideline value of Karuppan Kovil Street has changed

The guideline value for Karuppan Kovil Street has seen several revisions over the years. In the 2007 revision, the value was set at Rs 60 per sq.ft, which increased significantly to Rs 750 per sq.ft in the 2012 revision, marking a 1150% increase. However, in the 2017 revision, the value decreased to Rs 502 per sq.ft, representing a 33% decline. The value then rose to Rs 750 per sq.ft in the 2023 revision, and it remained unchanged in the 2024 revision, showing a 0% change between these two years.

It is important to note that the register has no figures for Karuppan Kovil Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 1150%.

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 for these streets is Rs 750 per sq.ft, which is equal to the current guideline value of Karuppan Kovil Street.

• Kasukkara Street: Rs 750 per sq.ft (2024)
• Kavadikkara St: Rs 750 per sq.ft (2024)
• Kavarai St: Rs 750 per sq.ft (2024)
• Keezhandai Kodi Srteet: Rs 750 per sq.ft (2024)
• Kannigapuram Second Cross Street: Rs 750 per sq.ft (2024)
• Kottivakkam Eri Street: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Karuppan Kovil Street

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. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Karuppan Kovil Street?

The Sub Registrar Office covering Karuppan Kovil 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 during property registration in Walajabad. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the official worth of the property. It is essential to consider this value when negotiating the sale price, as the higher of the guideline value and the sale price will be used for calculating the stamp duty.

Frequently asked questions

What is the current guideline value of Karuppan Kovil Street?

The current guideline value of Karuppan Kovil 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, then decreased to Rs 502 per sq.ft in 2017, and has remained at Rs 750 per sq.ft since 2023.

What is the registration office for Karuppan Kovil Street?

The registration office for Karuppan Kovil Street is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

What are the stamp duty and registration fees for a property in Karuppan Kovil Street?

For a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500 and the registration fee would be Rs 15,000, totaling Rs 67,500.

What is the land classification for Karuppan Kovil Street?

Karuppan Kovil Street is classified as Residential Class IV Type - I, which indicates its suitability for residential purposes.