Guideline Value for KUUANCHETTI STREET & NAIDU STREET

Kuuanchetti Street & Naidu Street guideline value

The current guideline value for Kuuanchetti Street & Naidu Street is Rs 750 per sq.ft. This is applicable in Walajabad village, under the Walajabad SRO, with a land classification of Residential Class IV Type - I.

How the guideline value of Kuuanchetti Street & Naidu Street has changed

The guideline value for Kuuanchetti Street & Naidu Street has seen several revisions over the years. The earliest recorded figure is from 2007, where the rate was Rs 60 per sq.ft. This increased significantly to Rs 750 per sq.ft in 2012, marking a substantial rise of 1,150%. However, by 2017, the value dropped to Rs 502 per sq.ft, a decrease of 33%. The next revision in 2023 maintained the value at Rs 750 per sq.ft, and the most recent revision in 2024 also holds the same rate, indicating no change from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 1,150%.

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 is Rs 750 per sq.ft, which aligns with the current guideline value for Kuuanchetti Street & Naidu Street.

• Kuppuswamy Nayagar Street: Rs 750 per sq.ft (2024)
• Magimaidass St: Rs 750 per sq.ft (2024)
• Kottivakkam Eri Street: Rs 750 per sq.ft (2024)
• Keezhandai Kodi Srteet: Rs 750 per sq.ft (2024)
• Kavarai St: Rs 750 per sq.ft (2024)
• Kavadikkara St: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Kuuanchetti Street & Naidu 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. 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 Kuuanchetti Street & Naidu Street?

The Sub Registrar Office that covers Kuuanchetti Street & Naidu 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 critical component in the registration process for property transactions in Walajabad. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and fairly, reflecting the value of the property as recognized by the local authorities.

Frequently asked questions

What is the current guideline value for Kuuanchetti Street & Naidu Street?

The current guideline value for Kuuanchetti Street & Naidu 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 several times, starting from Rs 60 per sq.ft in 2007 to Rs 750 per sq.ft in 2012, then dropping to Rs 502 per sq.ft in 2017, and returning to Rs 750 per sq.ft in 2023 and 2024.

What is the land classification for Kuuanchetti Street & Naidu Street?

The land classification for Kuuanchetti Street & Naidu Street is Residential Class IV Type - I.

Where can I find the registration office for this area?

The registration office for Kuuanchetti Street & Naidu Street is the Walajabad Sub Registrar Office, located on 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, for a property with a guideline value of Rs 7,50,000, the stamp duty at 7% would be Rs 52,500.