Guideline Value for ROUND BUNGALOW THIRD STREET

Round Bungalow Third Street guideline value

The current guideline value of Round Bungalow Third Street is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village under the Walajabad SRO, classified as Residential Class IV Type - I.

How the guideline value of Round Bungalow Third Street has changed

The guideline value for Round Bungalow Third Street has seen several revisions over the years. In 2007, the value was Rs 60 per sq.ft, which increased significantly to Rs 750 per sq.ft in 2012. However, this figure dropped to Rs 502 per sq.ft in 2017, before rising again to Rs 750 per sq.ft in both 2023 and 2024. The register has no figures for this street in 2002 and 2003.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. The drastic change from 2007 to 2012 was a decrease of 33%. The overall change from the 2007 revision to the current 2024 revision reflects a substantial increase of 1150%.

Guideline values in Walajabad

In Walajabad village, 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, with the median value being Rs 750 per sq.ft. Round Bungalow Third Street's 2024 figure aligns with this median.

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

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, making the total fees together Rs 67,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Round Bungalow Third Street?

The Sub Registrar Office that covers Round Bungalow Third 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 an essential factor during the registration of property transactions in Walajabad. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government collects appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This value is crucial for both buyers and sellers to understand their financial obligations during the transaction process.

Frequently asked questions

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

The current guideline value of Round Bungalow Third 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 changed 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 returned to Rs 750 per sq.ft in both 2023 and 2024.

What is the median guideline value in Walajabad?

The median guideline value in Walajabad is Rs 750 per sq.ft, which is the same as the current guideline value for Round Bungalow Third Street.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500 and the registration fee would be Rs 15,000, totaling Rs 67,500.

Where can I find the Sub Registrar Office for Round Bungalow Third Street?

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