Guideline Value for KEEZHANDAI KODI SRTEET

Keezhandai Kodi Srteet guideline value

The current guideline value of Keezhandai Kodi Srteet is Rs 750 per sq.ft. 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 Keezhandai Kodi Srteet has changed

In the 2007 revision, the guideline value for Keezhandai Kodi Srteet was Rs 60 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 750 per sq.ft, marking an increase of 1150%. However, in the 2017 revision, the value decreased to Rs 502 per sq.ft, a drop of 33%. The 2023 revision maintained the value at Rs 750 per sq.ft. The current 2024 revision has kept the guideline value unchanged at Rs 750 per sq.ft, reflecting a 0% change from the previous year.

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

Guideline values in Walajabad

Walajabad village has a total of 196 streets under the Walajabad SRO, with guideline values ranging from Rs 400 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 750 per sq.ft, which is equal to the current guideline value of Keezhandai Kodi Srteet.

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

Stamp duty and registration fee for property in Keezhandai Kodi Srteet

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty, calculated at 7%, would amount to Rs 52,500, while the registration fee at 2% would be Rs 15,000. Together, the total cost for stamp duty and registration would be 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 detailed calculations.

Which Sub Registrar Office covers Keezhandai Kodi Srteet?

The Keezhandai Kodi Srteet falls under the jurisdiction of 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 in the registration process when buying or selling property in Walajabad. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the transaction is recorded at a fair value, reflecting the market conditions.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions within the region.

Frequently asked questions

What is the current guideline value of Keezhandai Kodi Srteet?

The current guideline value of Keezhandai Kodi Srteet is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 60 per sq.ft in 2007 to Rs 750 per sq.ft in 2012, then decreasing to Rs 502 per sq.ft in 2017. It has remained at Rs 750 per sq.ft since 2012, with no change from 2023 to 2024.

What is the land classification for Keezhandai Kodi Srteet?

Keezhandai Kodi Srteet is classified as Residential Class IV Type - I, indicating its suitability for residential purposes.

Where is the Walajabad Sub Registrar Office located?

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

How is stamp duty calculated for properties in Keezhandai Kodi Srteet?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,50,000, the stamp duty at 7% would be Rs 52,500.