Guideline Value for R.D.ST

R.D.St guideline value

The current guideline value of R.D.St in Walajabad village, under the Walajabad SRO, is Rs 750 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class IV Type - I.

How the guideline value of R.D.St has changed

The guideline value for R.D.St has seen several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which was unchanged in the 2017 revision. However, the 2017 revision marked a significant increase from the previous value of Rs 502 per sq.ft in 2017, representing a 49% increase. The 2023 revision also maintained the value at Rs 750 per sq.ft, and the same value continues into the 2024 revision, showing no change from the previous year.

It is important to note that there are no figures available for R.D.St in the revisions from 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, the guideline value remains unchanged at Rs 750 per sq.ft.

Guideline values in Walajabad

Walajabad village has a total of 196 streets under the Walajabad SRO, with guideline values ranging from Rs 400 to Rs 2,000 per sq.ft. The median value among these streets is Rs 750 per sq.ft, which is equal to the current guideline value of R.D.St.

• Round Bungalow First Street: Rs 750 per sq.ft (2024)
• Round Bungalow Second Srteet: Rs 750 per sq.ft (2024)
• Round Bungalow Third Street: Rs 750 per sq.ft (2024)
• RAJAVEETHI-4rd-CROSS ST: Rs 1,500 per sq.ft (2024)
• RAJAVEETHI-3rd-CROSS ST: Rs 1,500 per sq.ft (2024)
• RAJAVEETHI-2rd-CROSS ST: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in R.D.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 charged at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, making the total cost for stamp duty and registration fees 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 our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers R.D.St?

The Sub Registrar Office that covers R.D.St is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Walajabad. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable stamp duty and registration fees. This ensures that the registration process is transparent and fair.

Frequently asked questions

What is the current guideline value of R.D.St?

The current guideline value of R.D.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 remained at Rs 750 per sq.ft since 2012, with a significant increase from Rs 502 per sq.ft in 2017. There were no figures available for the years 2002, 2003, and 2007.

What is the land classification for R.D.St?

The land classification for R.D.St is Residential Class IV Type - I.

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 stamp duty calculated for properties in R.D.St?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value results in a total stamp duty and registration fee of Rs 67,500.