Guideline Value for MARATIYA KASAYAKARA STREET

Maratiya Kasayakara Street guideline value

The current guideline value of Maratiya Kasayakara Street is Rs 750 per sq.ft, effective from 1 July 2024. 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 Maratiya Kasayakara Street has changed

Over the years, the guideline value of Maratiya Kasayakara Street has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 100 per sq.ft. This increased significantly to Rs 750 per sq.ft in 2012, followed by a decrease to Rs 502 per sq.ft in 2017. The value remained at Rs 750 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years. The register has no figure for this street in 2002 and 2003.

From 2017 to 2023, the value increased by 49%, and from 2012 to 2017, it decreased by 33%. The substantial rise from 2007 to 2012 was 650%. Overall, from 2007 to 2024, the guideline value has increased by 650%.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that have a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft, with a median value of Rs 750 per sq.ft. The guideline value of Maratiya Kasayakara Street aligns with this median.

• Manthaveliyamman Kovil St: Rs 750 per sq.ft (2024)
• Mariyamman Kovil St: Rs 750 per sq.ft (2024)
• Marvel Residency: Rs 1,000 per sq.ft (2024)
• Masoothi St: Rs 750 per sq.ft (2024)
• Masthan Hajith Dharkar Street: Rs 750 per sq.ft (2024)
• Masthan Vali Darga St: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Maratiya Kasayakara Street

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 at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, leading to a total cost of Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Maratiya Kasayakara Street?

The Sub Registrar Office that covers Maratiya Kasayakara 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

When buying or selling property in Walajabad, the guideline value plays a crucial role in determining the stamp duty and registration fees. This value is set by the government and is used to assess the tax obligations associated with the transaction.

It is essential for buyers and sellers to be aware of the guideline value, as it directly influences the overall cost of property transactions. Understanding this value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Maratiya Kasayakara Street?

The current guideline value of Maratiya Kasayakara 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, with the most significant increase from Rs 100 per sq.ft in 2007 to Rs 750 per sq.ft in 2012. The value remained at Rs 750 per sq.ft in both 2023 and 2024, with a notable increase of 49% from 2017 to 2023.

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

Other streets in Walajabad with the same guideline value of Rs 750 per sq.ft include Manthaveliyamman Kovil St, Mariyamman Kovil St, Masoothi St, Masthan Hajith Dharkar Street, and Masthan Vali Darga St.

How is the stamp duty calculated for properties in Maratiya Kasayakara Street?

Stamp duty for properties in Maratiya Kasayakara Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would amount to Rs 52,500 based on the current guideline value.

Where can I find the Walajabad Sub Registrar Office?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find more details by using the provided link to find your SRO.