Guideline Value for PAYANIYAR ST

Payaniyar St guideline value

The current guideline value of Payaniyar 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 Payaniyar St has changed

Over the years, the guideline value for Payaniyar St has seen several revisions. The earliest recorded revision is from 2012, which set the value at Rs 750 per sq.ft. In 2017, the value decreased to Rs 502 per sq.ft, marking a decline of 33%. However, by the 2023 revision, the value returned to Rs 750 per sq.ft, maintaining the same figure as in 2012. The most recent revision in 2024 again set the value at Rs 750 per sq.ft, showing no change from the previous year.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. Overall, from 2012 to 2024, the guideline value has remained stable, with no change from the 2012 figure.

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 is equal to the 2024 guideline value of Payaniyar St.

• Periyar Nagar: Rs 1,200 per sq.ft (2024)
• Paravatharajakulam Sivan Paddai St: Rs 750 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in Payaniyar 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 cost for registration 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 Payaniyar St?

The Sub Registrar Office covering Payaniyar St 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 that must be paid at the time of registration.

When a property is registered, the guideline value helps ensure that the transaction is recorded accurately, reflecting the official value set by the Registration Department. This value is used to assess the applicable taxes and fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Payaniyar St?

The current guideline value of Payaniyar St is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Payaniyar St has remained at Rs 750 per sq.ft from 2012 to 2024, with a decrease to Rs 502 per sq.ft in 2017 and an increase back to Rs 750 per sq.ft in 2023.

What is the land classification for Payaniyar St?

Payaniyar St 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 is the stamp duty calculated for properties in Walajabad?

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