Guideline Value for ROUND BUNGALOW FIRST STREET

Round Bungalow First Street guideline value

The current guideline value of Round Bungalow First 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 Round Bungalow First Street has changed

The guideline value for Round Bungalow First Street has seen several revisions over the years. In 2007, the value was set at Rs 60 per sq.ft, which increased significantly to Rs 750 per sq.ft in 2012, marking a remarkable increase of 1150%. However, between 2012 and 2017, the value decreased by 33% to Rs 502 per sq.ft. The value then rose again to Rs 750 per sq.ft in 2023, maintaining the same rate in the 2024 revision, resulting in no change from 2023 to 2024.

It is important to note that there are no figures available for the years 2002 and 2003 in the register 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 for these streets is Rs 750 per sq.ft, which is equal to the guideline value of Round Bungalow First Street.

• Round Bungalow Second Srteet: Rs 750 per sq.ft (2024)
• Round Bungalow Third Street: Rs 750 per sq.ft (2024)
• R.D.St: 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 Round Bungalow First Street

For a 1,000 sq.ft plot at the current rate of Rs 750 per sq.ft, the 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 fees to Rs 67,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Round Bungalow First Street?

The Sub Registrar Office that covers Round Bungalow First Street 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 in the registration process when buying or selling property in Walajabad. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official registry.

Frequently asked questions

What is the current guideline value of Round Bungalow First Street?

The current guideline value of Round Bungalow First 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 gone through several revisions, starting 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 finally returning to Rs 750 per sq.ft in 2023 and 2024.

What is the land classification for Round Bungalow First Street?

Round Bungalow First Street is classified as Residential Class IV Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Round Bungalow First Street is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 750 per sq.ft, the total fees would amount to Rs 67,500.