Guideline Value for SERKADU SRINIVASA PERUMAL KOIL STREET

Serkadu Srinivasa Perumal Koil Street guideline value

The current guideline value of Serkadu Srinivasa Perumal Koil Street is Rs 750 per sq.ft. 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 Srinivasa Perumal Koil Street has changed

The guideline value for Serkadu Srinivasa Perumal Koil Street has undergone several revisions over the years. In 2007, the guideline value was Rs 60 per sq.ft, which increased significantly to Rs 750 per sq.ft in 2012, marking a substantial rise of 1,150%. However, it then decreased to Rs 502 per sq.ft in 2017, reflecting a decline of 33%. The value remained at Rs 750 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years. The register has no figure for this street for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the increase in the guideline value is 1,150%, demonstrating significant changes over the years.

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 guideline value is Rs 750 per sq.ft, which is equal to the 2024 figure for Serkadu Srinivasa Perumal Koil Street.

• Serkadu Sengzhuneer Vinagar Koil Street: Rs 750 per sq.ft (2024)
• Serkadu Salai: Rs 750 per sq.ft (2024)
• Serkadu Pogum Road: Rs 750 per sq.ft (2024)
• Serkadu Gangai Vinauagar 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 Srinivasa Perumal 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, while the registration fee at 2% would be Rs 15,000, making the total Rs 67,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Serkadu Srinivasa Perumal Koil Street?

The Sub Registrar Office that covers Serkadu Srinivasa Perumal 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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Walajabad. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling a property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is taken into account for calculating the applicable duties and fees. This ensures that the registration process is aligned with the official valuation of the property.

Frequently asked questions

What is the current guideline value of Serkadu Srinivasa Perumal Koil Street?

The current guideline value of Serkadu Srinivasa Perumal 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 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. It remained at Rs 750 per sq.ft in both 2023 and 2024.

What is the land classification of Serkadu Srinivasa Perumal Koil Street?

Serkadu Srinivasa Perumal Koil Street is classified as Residential Class IV Type - I.

Where can I find the Walajabad Sub Registrar Office?

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

How is stamp duty calculated for properties in Walajabad?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.