Guideline Value for SERKADU GANGAI VINAUAGAR KOIL STREET

Serkadu Gangai Vinauagar Koil Street guideline value

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

How the guideline value of Serkadu Gangai Vinauagar Koil Street has changed

The guideline value for Serkadu Gangai Vinauagar Koil 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, marking a massive increase of 1150%. However, from 2012 to 2017, the value decreased to Rs 502 per sq.ft, reflecting a drop of 33%. The value then rose to Rs 750 per sq.ft in 2023, maintaining that same figure in the 2024 revision, indicating no change between these two years.

The register has no figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 1150%.

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 for these streets is Rs 750 per sq.ft, which is equal to the current guideline value of Serkadu Gangai Vinauagar Koil Street.

• Serkadu Balavinayagar Koil Stret: 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 Gangai Vinauagar Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 750 per sq.ft, the 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, totaling Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Serkadu Gangai Vinauagar Koil Street?

The Sub Registrar Office that covers Serkadu Gangai Vinauagar Koil Street is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Walajabad. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process aligns with the official valuation set by the government.

Frequently asked questions

What is the current guideline value of Serkadu Gangai Vinauagar Koil Street?

The current guideline value of Serkadu Gangai Vinauagar Koil 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 2023 and 2024.

What is the median guideline value for streets in Walajabad?

The median guideline value for streets in Walajabad is Rs 750 per sq.ft, which is the same as the current value for Serkadu Gangai Vinauagar Koil 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.

Which office handles the registration for Serkadu Gangai Vinauagar Koil Street?

The Walajabad Sub Registrar Office handles the registration for Serkadu Gangai Vinauagar Koil Street and is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.