Guideline Value for PARAVATHARAJAKULAM SIVAN PADDAI ST

Paravatharajakulam Sivan Paddai St guideline value

The current guideline value of Paravatharajakulam Sivan Paddai St 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 Paravatharajakulam Sivan Paddai St has changed

Over the years, the guideline value of Paravatharajakulam Sivan Paddai St has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 60 per sq.ft. This increased significantly to Rs 750 per sq.ft in 2012, marking a substantial rise of 1,150%. However, from 2012 to 2017, the value decreased to Rs 502 per sq.ft, a drop of 33%. The guideline value then rose again to Rs 750 per sq.ft in both 2023 and 2024, with no change in percentage between these two revisions.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 1,150%.

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 Paravatharajakulam Sivan Paddai St.

• Paramashivam Nagar: Rs 500 per sq.ft (2024)
• Pallikuda St: Rs 750 per sq.ft (2024)
• Pallavaram Arumugam St: Rs 750 per sq.ft (2024)
• Palayakara Third Srteet: Rs 750 per sq.ft (2024)
• Palayakara Forth Street: Rs 750 per sq.ft (2024)
• Payaniyar St: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Paravatharajakulam Sivan Paddai St

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 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.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Paravatharajakulam Sivan Paddai St?

The Sub Registrar Office that covers Paravatharajakulam Sivan Paddai St is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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 minimum value at which a property can be registered, ensuring that all transactions are recorded at a fair value.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Paravatharajakulam Sivan Paddai St?

The current guideline value of Paravatharajakulam Sivan Paddai St 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 significantly from Rs 60 per sq.ft in 2007 to Rs 750 per sq.ft in 2024, representing an overall increase of 1,150%.

What other streets have similar guideline values in Walajabad?

Several other streets in Walajabad have a guideline value of Rs 750 per sq.ft, including Pallikuda St, Pallavaram Arumugam St, Palayakara Third Srteet, Palayakara Forth Street, and Payaniyar St.

What are the registration fees for property in Paravatharajakulam Sivan Paddai St?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Which office handles property registration for Paravatharajakulam Sivan Paddai St?

The Walajabad Sub Registrar Office handles property registration for Paravatharajakulam Sivan Paddai St, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.