Guideline Value for KASUKKARA STREET

Kasukkara Street guideline value

The current guideline value of Kasukkara 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 Kasukkara Street has changed

Over the years, the guideline value of Kasukkara Street has undergone several revisions. The earliest recorded figure was in 2007, set at Rs 60 per sq.ft. This value increased significantly to Rs 750 per sq.ft in 2012, marking a rise of 1150%. However, it then decreased to Rs 502 per sq.ft in 2017, a drop of 33%. The guideline value remained at Rs 750 per sq.ft in both 2023 and the latest revision in 2024, showing no change between these two years. The register has no figure for the years 2002 and 2003.

From 2017 to 2023, the guideline value saw a notable increase of 49%, bringing it back to Rs 750 per sq.ft. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 1150%, reflecting the changes in valuation over the years.

Guideline values in Walajabad

In Walajabad village, 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 guideline value of Kasukkara Street.

• Karuppan Kovil 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 Kasukkara Street

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, making the total charges 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 Kasukkara Street?

The Sub Registrar Office that covers Kasukkara Street 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 plays a crucial role in property transactions in Walajabad. It is used to determine the stamp duty and registration fees that buyers and sellers must pay during the registration process. The guideline value is set by the Registration Department and is updated periodically to reflect changes in the real estate market.

When a property is sold, the guideline value serves as a reference point for calculating the taxes involved in the transaction. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kasukkara Street?

The current guideline value of Kasukkara 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 remained at Rs 750 per sq.ft in both 2023 and 2024.

What are the other streets in Walajabad with the same guideline value?

Other streets in Walajabad with a guideline value of Rs 750 per sq.ft include Karuppan Kovil Street, Kavadikkara St, Kavarai St, Keezhandai Kodi Srteet, and Kannigapuram Second Cross Street.

What is the registration fee for property in Kasukkara Street?

The registration fee for property in Kasukkara Street is calculated based on the guideline value. For example, a 1,000 sq.ft plot at Rs 750 per sq.ft would incur a registration fee of Rs 15,000.

Where is the Sub Registrar Office for Kasukkara Street located?

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