Guideline Value for Railway Station Road

Railway Station Road guideline value

The current guideline value of Railway Station Road is Rs 1,500 per sq.ft, as per the 2023 revision. This street is located in Urapakkam village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Railway Station Road has changed

Over the years, the guideline value of Railway Station Road has seen several revisions. The 2012 revision set the guideline value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,005 per sq.ft. However, the most recent 2023 revision brought it back up to Rs 1,500 per sq.ft, marking a 49% increase from 2017.

In summary, from 2012 to 2017, there was a decrease of 33%, but from 2012 to 2023, the overall guideline value remained the same at Rs 1,500 per sq.ft. The register has no figures for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Urapakkam

Currently, there are no specific village figures available for Urapakkam. The Railway Station Road guideline value stands at Rs 1,500 per sq.ft. There are no other streets in Urapakkam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Railway Station Road

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Railway Station Road?

The Railway Station Road is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Urapakkam. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value will be compared to the sale price. The higher of the two values will determine the stamp duty and registration fees payable, which is essential for legalizing the transaction.

Frequently asked questions

What is the current guideline value of Railway Station Road?

The current guideline value of Railway Station Road is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, and then back to Rs 1,500 per sq.ft in 2023.

What is the land classification for Railway Station Road?

The land classification for Railway Station Road is Residential Special Type - II, indicating its intended use for residential purposes.

What are the stamp duty and registration fees for a property on Railway Station Road?

For a 1,000 sq.ft plot valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Which office handles registrations for Railway Station Road?

The Gooduvancheri Sub Registrar Office handles registrations for Railway Station Road, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.