Guideline Value for SERKADU POGUM ROAD

Serkadu Pogum Road guideline value

The current guideline value of Serkadu Pogum Road is Rs 750 per sq.ft. This road is located in Walajabad village, under the Walajabad SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Serkadu Pogum Road has changed

The guideline value for Serkadu Pogum Road has seen several revisions over the years. In the 2007 revision, the value was set at Rs 60 per sq.ft, which then increased significantly to Rs 750 per sq.ft in the 2012 revision, marking a change of +1150%. However, in the 2017 revision, the value decreased to Rs 502 per sq.ft, reflecting a drop of -33%. The 2023 revision maintained the value at Rs 750 per sq.ft, and the current 2024 revision also holds the same figure, showing no percentage change from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. The overall change from the 2007 revision to the 2024 revision is +1150%.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that have 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 for Serkadu Pogum Road is equal to this median.

• Serkadu Gangai Vinauagar Koil Street: Rs 750 per sq.ft (2024)
• Serkadu Salai: Rs 750 per sq.ft (2024)
• Serkadu Balavinayagar Koil Stret: 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 Pogum Road

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

Which Sub Registrar Office covers Serkadu Pogum Road?

The Sub Registrar Office that covers Serkadu Pogum Road 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 plays a crucial role during property registration in Walajabad. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. This ensures that the government receives the appropriate revenue from property transactions.

When registering a property, buyers and sellers must be aware that the guideline value is the minimum value considered for calculating the applicable fees. Therefore, it is essential to understand the current guideline value to accurately estimate the total costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Serkadu Pogum Road?

The current guideline value of Serkadu Pogum Road 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 land classification of Serkadu Pogum Road?

Serkadu Pogum Road is classified as Residential Class IV Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Serkadu Pogum Road?

The Sub Registrar Office for Serkadu Pogum Road is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How do I calculate stamp duty and registration fees?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the same. You can use the stamp duty and registration fee calculator for precise calculations.