Guideline Value for SERKADU SALAI

Serkadu Salai guideline value

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

How the guideline value of Serkadu Salai has changed

Over the years, the guideline value of Serkadu Salai has seen several revisions. The 2012 revision set the value 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, the value increased significantly by 49% back to Rs 750 per sq.ft. The 2024 revision has maintained this figure at Rs 750 per sq.ft, reflecting 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. Therefore, the most recent figures are from the 2012, 2017, 2023, and 2024 revisions, with the overall change from 2012 to 2024 being 0%.

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 current guideline value of Serkadu Salai.

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

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, bringing the total fees to 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 detailed calculations.

Which Sub Registrar Office covers Serkadu Salai?

The Sub Registrar Office that covers Serkadu Salai 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 when buying or selling property in Walajabad. It serves as a reference point for calculating the stamp duty and registration fees that need to be paid during the registration process. This ensures that the transaction is recorded accurately and complies with local regulations.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. Buyers and sellers must consider this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Serkadu Salai?

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

How has the guideline value changed over the years?

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

What is the land classification of Serkadu Salai?

Serkadu Salai is classified as Residential Class IV Type - I, which indicates its suitability for residential purposes.

What are the stamp duty and registration fees for property in Serkadu Salai?

The total stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%, leading to a combined fee based on the property's guideline value.

Where is the Sub Registrar Office for Serkadu Salai located?

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