Guideline Value for ROUND BUNGALOW SECOND SRTEET

Round Bungalow Second Srteet guideline value

The current guideline value of Round Bungalow Second 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 Round Bungalow Second Srteet has changed

In the 2007 revision, the guideline value was set at Rs 60 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 750 per sq.ft, marking a change of +1150%. However, in the 2017 revision, the value dropped to Rs 502 per sq.ft, a decrease of -33%. The 2023 revision maintained the value at Rs 750 per sq.ft, and the same value was carried into the 2024 revision, showing no change from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +1150%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Walajabad

Walajabad village has a total of 196 streets under the Walajabad SRO, with guideline values for 2024 ranging from Rs 400 to Rs 2,000 per sq.ft. The median guideline value for the village is Rs 750 per sq.ft, which matches the current guideline value of Round Bungalow Second Srteet.

• Round Bungalow First Street: 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 Second 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 amount to Rs 52,500, and the registration fee at 2% would be Rs 15,000, making the total Rs 67,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Round Bungalow Second Srteet?

The Sub Registrar Office that covers Round Bungalow Second 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 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 transaction is recorded accurately in the official records.

When buying or selling a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Round Bungalow Second Srteet?

The current guideline value of Round Bungalow Second 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 seen various changes, starting from Rs 60 per sq.ft in 2007 to Rs 750 per sq.ft in 2012. It dropped to Rs 502 per sq.ft in 2017 and returned to Rs 750 per sq.ft in 2023 and 2024.

What are the other streets in Walajabad with the same guideline value?

Other streets in Walajabad with the same guideline value of Rs 750 per sq.ft include Round Bungalow First Street, Round Bungalow Third Street, and R.D.St.

How is stamp duty calculated for properties in Round Bungalow Second Srteet?

Stamp duty for properties is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate has a guideline value of Rs 7,50,000, leading to a stamp duty of Rs 52,500.

Where can I find the Sub Registrar Office for Round Bungalow Second Srteet?

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