Guideline Value for SAVURIMUTHU ST

Savurimuthu St guideline value

The current guideline value of Savurimuthu St in Walajabad village is Rs 750 per sq.ft, effective from 1 July 2024. This property falls under the Walajabad Sub Registrar Office (SRO) and is classified as Residential Class IV Type - I.

How the guideline value of Savurimuthu St has changed

The guideline value for Savurimuthu St has seen several revisions over the years. In 2012, the value was set at Rs 750 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 502 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 750 per sq.ft. The 2024 revision has maintained this figure, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 750 per sq.ft.

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 is Rs 750 per sq.ft, which is equal to the guideline value of Savurimuthu St.

• Savadi Street: Rs 750 per sq.ft (2024)
• Saravana Mudai Street: Rs 750 per sq.ft (2024)
• Selva Vinayagar Nagar: Rs 500 per sq.ft (2024)
• Selva Vinayagar Nagar Extension -I: Rs 750 per sq.ft (2024)
• Serkadu Balavinayagar Koil Stret: Rs 750 per sq.ft (2024)
• Serkadu Gangai Vinauagar Koil Street: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Savurimuthu St

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be 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, resulting in a total cost of Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Savurimuthu St?

The Savurimuthu St is covered by 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 determining the stamp duty and registration fees payable during the transaction.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that both the buyer and seller are aware of the financial obligations involved in the sale. This helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Savurimuthu St?

The current guideline value of Savurimuthu St is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Savurimuthu St has remained at Rs 750 per sq.ft since 2012, with a decrease to Rs 502 per sq.ft in 2017, followed by a return to Rs 750 per sq.ft in 2023 and 2024.

What is the land classification for Savurimuthu St?

Savurimuthu St is classified as Residential Class IV Type - I according to the local land classification standards.

What are the stamp duty and registration fees for properties on this street?

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.

Which office handles registrations for Savurimuthu St?

The Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone, handles registrations for Savurimuthu St.