Guideline Value for MASTHAN HAJITH DHARKAR STREET

Masthan Hajith Dharkar Street guideline value

The current guideline value of Masthan Hajith Dharkar Street is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village and falls under the Walajabad SRO, classified as Residential Class IV Type - I.

How the guideline value of Masthan Hajith Dharkar Street has changed

The guideline value for Masthan Hajith Dharkar Street has undergone several revisions over the years. In 2007, the value was Rs 60 per sq.ft, which increased significantly to Rs 750 per sq.ft in 2012. However, this figure saw a decrease to Rs 502 per sq.ft in 2017. The most recent revisions in 2023 and 2024 have maintained the guideline value at Rs 750 per sq.ft, showing no change between these two years. The register has no figure for this street for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2007 to 2012 was a substantial 1150%, while the decrease from 2012 to 2017 was 33%. 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 guideline value for these streets is Rs 750 per sq.ft, which aligns with the 2024 figure for Masthan Hajith Dharkar Street.

• Masoothi St: Rs 750 per sq.ft (2024)
• Masthan Vali Darga St: Rs 750 per sq.ft (2024)
• Marvel Residency: Rs 1,000 per sq.ft (2024)
• M.D.Nagar: Rs 500 per sq.ft (2024)
• Mariyamman Kovil St: Rs 750 per sq.ft (2024)
• Meevar Colony Kamarajar Srteet: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Masthan Hajith Dharkar 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 amount to Rs 52,500, and the registration fee at 2% would be Rs 15,000, making the total amount payable Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Masthan Hajith Dharkar Street?

The Sub Registrar Office that covers Masthan Hajith Dharkar 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 plays a crucial role in the registration process when buying or selling property in Walajabad. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the correct revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Masthan Hajith Dharkar Street?

The current guideline value of Masthan Hajith Dharkar 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, decreased to Rs 502 per sq.ft in 2017, and has remained at Rs 750 per sq.ft in both 2023 and 2024.

What is the land classification for Masthan Hajith Dharkar Street?

Masthan Hajith Dharkar Street is classified as Residential Class IV Type - I according to the local regulations.

Where can I find the Sub Registrar Office for this street?

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

How is the stamp duty calculated for properties on this street?

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