Guideline Value for PALAYAKARA THIRD SRTEET

Palayakara Third Srteet guideline value

The current guideline value of Palayakara Third Srteet 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 Palayakara Third Srteet has changed

The guideline value for Palayakara Third Srteet has seen 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, marking a change of +1150%. However, it then decreased to Rs 502 per sq.ft in 2017, showing a decline of -33%. The value remained at Rs 750 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

There are no figures available for the revisions in 2002 and 2003 for this street. 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 value is Rs 750 per sq.ft, and Palayakara Third Srteet's 2024 figure aligns with this median.

• Palayakara Forth Street: Rs 750 per sq.ft (2024)
• Palayakara First Street: Rs 750 per sq.ft (2024)
• Palakara Second Street: Rs 750 per sq.ft (2024)
• Pallavaram Arumugam St: Rs 750 per sq.ft (2024)
• Pallikuda St: Rs 750 per sq.ft (2024)
• Paramashivam Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Palayakara Third Srteet

For a 1,000 sq.ft plot at the current rate, the guideline value is 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. Please 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 details.

Which Sub Registrar Office covers Palayakara Third Srteet?

The Sub Registrar Office that covers Palayakara Third Srteet 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 crucial factor when buying or selling property in Walajabad. It determines the minimum value at which the property must be registered, ensuring that the transaction is recorded accurately in the official records.

When you register a property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Palayakara Third Srteet?

The current guideline value of Palayakara Third Srteet 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 remained at Rs 750 per sq.ft in both 2023 and 2024.

What is the median guideline value in Walajabad?

The median guideline value in Walajabad is Rs 750 per sq.ft, which is the same as the current guideline value for Palayakara Third Srteet.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 7,50,000, the total fees would be Rs 67,500.

Where is the Sub Registrar Office for Palayakara Third Srteet located?

The Sub Registrar Office covering Palayakara Third Srteet is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.