Guideline Value for SIVAN PADAI STREET

Sivan Padai Street guideline value

The current guideline value of Sivan Padai Street is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village and falls under the jurisdiction of the Walajabad SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Sivan Padai Street has changed

In the 2007 revision, the guideline value was set at Rs 60 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 750 per sq.ft, marking an increase of 1,150%. However, in the 2017 revision, the value dropped to Rs 502 per sq.ft, which was a decrease of 33%. The 2023 revision maintained the value at Rs 750 per sq.ft, and the current 2024 revision also holds the same figure, indicating no change from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 1,150%. The register does not contain figures for the years 2002 and 2003 for Sivan Padai Street.

Guideline values in Walajabad

Walajabad village has a total of 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 among these streets is Rs 750 per sq.ft, which is equal to the guideline value of Sivan Padai Street.

• Singaravelan Nagar: Rs 1,045 per sq.ft (2024)
• Serkadu Srinivasa Perumal Koil Street: Rs 750 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in Sivan Padai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total 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, bringing the total fees to 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 information.

Which Sub Registrar Office covers Sivan Padai Street?

The Sub Registrar Office that covers Sivan Padai 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 is a crucial factor in property transactions in Walajabad. It is used to determine the stamp duty and registration fees when buying or selling property. Buyers and sellers should be aware that the guideline value can influence the overall cost of the transaction.

When registering a property, the guideline value is referenced to ensure that the correct duties and fees are calculated. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sivan Padai Street?

The current guideline value of Sivan Padai 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 seen various changes: from Rs 60 per sq.ft in 2007 to Rs 750 per sq.ft in 2012, then to Rs 502 per sq.ft in 2017, and back to Rs 750 per sq.ft in 2023 and 2024.

What is the land classification for Sivan Padai Street?

Sivan Padai Street is classified as Residential Class IV Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Sivan Padai Street?

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

How do I calculate the stamp duty for a property in Sivan Padai Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 750 per sq.ft would incur a stamp duty of Rs 52,500.