Guideline Value for SERKADU BALAVINAYAGAR KOIL STRET

Serkadu Balavinayagar Koil Stret guideline value

The current guideline value of Serkadu Balavinayagar Koil Stret 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 Serkadu Balavinayagar Koil Stret has changed

The guideline value for Serkadu Balavinayagar Koil Stret has undergone several revisions over the years. The earliest recorded value was Rs 60 per sq.ft in 2007, which saw a significant increase to Rs 750 per sq.ft in 2012. However, this value then decreased to Rs 502 per sq.ft in 2017. The subsequent revisions in 2023 and 2024 maintained the value at Rs 750 per sq.ft, indicating no change between these two years.

In terms of percentage changes, the value rose by 1150% from 2007 to 2012, then decreased by 33% from 2012 to 2017. Following this, there was a substantial increase of 49% from 2017 to 2023, and no change from 2023 to 2024. The register does not provide figures for the years 2002 and 2003 for this street.

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, with a median value of Rs 750 per sq.ft. The guideline value of Serkadu Balavinayagar Koil Stret matches this median.

• Serkadu Gangai Vinauagar Koil Street: Rs 750 per sq.ft (2024)
• Serkadu Pogum Road: Rs 750 per sq.ft (2024)
• Serkadu Salai: Rs 750 per sq.ft (2024)
• Serkadu Sengzhuneer Vinagar Koil Street: Rs 750 per sq.ft (2024)
• Serkadu Srinivasa Perumal Koil Street: Rs 750 per sq.ft (2024)
• Selva Vinayagar Nagar Extension -I: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Serkadu Balavinayagar Koil Stret

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, making the total cost for these fees Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Serkadu Balavinayagar Koil Stret?

The Sub Registrar Office that covers Serkadu Balavinayagar Koil Stret 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 property transactions in Walajabad. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay during the registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and that the appropriate fees are collected by the registration authorities. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Serkadu Balavinayagar Koil Stret?

The current guideline value of Serkadu Balavinayagar Koil Stret 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 several times, starting from Rs 60 per sq.ft in 2007 to Rs 750 per sq.ft in 2012, then decreasing to Rs 502 per sq.ft in 2017, and finally stabilizing at Rs 750 per sq.ft in 2023 and 2024.

What is the land classification for Serkadu Balavinayagar Koil Stret?

Serkadu Balavinayagar Koil Stret is classified as Residential Class IV Type - I.

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or 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.

Which office handles registrations for this street?

The Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone, handles registrations for Serkadu Balavinayagar Koil Stret.