Guideline Value for P.K .CHETTY STREET

P.K .Chetty Street guideline value

The current guideline value of P.K .Chetty 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 P.K .Chetty Street has changed

The guideline value of P.K .Chetty Street has undergone several revisions over the years. In 2007, the value was set at Rs 60 per sq.ft. This figure saw a significant increase to Rs 750 per sq.ft in 2012. However, it then dropped 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 from the previous year.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2007 to 2012 was a remarkable 1150%, while the decrease from 2012 to 2017 was 33%. Overall, from 2007 to 2024, the guideline value has increased by 1150%. The register has no figures for the years 2002 and 2003 regarding this street.

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, with a median of Rs 750 per sq.ft. P.K .Chetty Street's 2024 guideline value aligns with this median.

• Ponnamaniyamman Kovil St: Rs 750 per sq.ft (2024)
• Ponniyamman Kovil St: Rs 750 per sq.ft (2024)
• Periyar Nagar: Rs 1,200 per sq.ft (2024)
• Puthucheri South Srteet: Rs 750 per sq.ft (2024)
• Payaniyar St: Rs 750 per sq.ft (2024)
• Paravatharajakulam Sivan Paddai St: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in P.K .Chetty 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 is calculated at 7%, which amounts to Rs 52,500, and the registration fee is charged at 2%, totaling Rs 15,000. Together, the total fees 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers P.K .Chetty Street?

The Sub Registrar Office that covers P.K .Chetty Street is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Walajabad. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value helps buyers and sellers ensure compliance with local regulations during property transactions. It is essential to consult the latest figures to accurately assess the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of P.K .Chetty Street?

The current guideline value of P.K .Chetty 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, then decreased to Rs 502 per sq.ft in 2017, and has remained at Rs 750 per sq.ft in 2023 and 2024.

What is the land classification of P.K .Chetty Street?

P.K .Chetty Street is classified as Residential Class IV Type - I.

Where can I find the Sub Registrar Office for P.K .Chetty Street?

The Sub Registrar Office for P.K .Chetty Street is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is stamp duty calculated for properties in Walajabad?

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 would be Rs 52,500 at a rate of 7%.