Guideline Value for NADESA IYER STREET

Nadesa Iyer Street guideline value

The current guideline value of Nadesa Iyer 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 Nadesa Iyer Street has changed

The guideline value for Nadesa Iyer Street has experienced several revisions over the years. Starting from the 2007 revision, where the value was Rs 60 per sq.ft, it increased significantly to Rs 750 per sq.ft in the 2012 revision. However, it then saw a decrease to Rs 502 per sq.ft in 2017, before remaining steady at Rs 750 per sq.ft in both the 2023 and 2024 revisions, reflecting no change between these two years.

Specifically, from 2007 to 2012, the guideline value increased by 1150%. The value then decreased by 33% from 2012 to 2017, followed by a 49% increase from 2017 to 2023. Overall, from 2007 to 2024, the guideline value has increased by 1150%. The register has no figures for Nadesa Iyer Street for the years 2002 and 2003.

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 is equal to the current guideline value of Nadesa Iyer Street.

• Munseep Narayana Swamy Srteet: Rs 750 per sq.ft (2024)
• Nattrangal St: Rs 750 per sq.ft (2024)
• Mukkiyamman Kovil St: Rs 750 per sq.ft (2024)
• Mukaaniyamman Melandai Srteet: Rs 750 per sq.ft (2024)
• Muhamadiyar Street: Rs 750 per sq.ft (2024)
• Mugammathu Ibrahim Street: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Nadesa Iyer 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, bringing the total fees together to 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nadesa Iyer Street?

The Sub Registrar Office that covers Nadesa Iyer Street is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Walajabad

The guideline value is a crucial factor in property transactions in Walajabad, as it determines the minimum price at which a property can be registered. When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements and to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Nadesa Iyer Street?

The current guideline value of Nadesa Iyer 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 seen various changes, starting 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, and remaining steady at Rs 750 per sq.ft in 2023 and 2024.

What is the land classification for Nadesa Iyer Street?

Nadesa Iyer Street is classified as Residential Class IV Type - I, which indicates its suitability for residential purposes.

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.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 67,500.