Guideline Value for SRI NADARAJAR NAGAR

Sri Nadarajar Nagar guideline value

The current guideline value of Sri Nadarajar Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village, under the Walajabad Sub Registrar Office (SRO) and is classified as Residential Class I Type - III.

How the guideline value of Sri Nadarajar Nagar has changed

The guideline value for Sri Nadarajar Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 335 per sq.ft. Following this, the guideline value increased significantly to Rs 500 per sq.ft in the 2023 revision and remained the same in the 2024 revision, indicating a 49% increase from 2017 to 2023.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 concerning this street. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 500 per sq.ft.

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 Sri Nadarajar Nagar is below this median.

• Sri Nadarajar Nagar: Rs 500 per sq.ft (2024)
• Srinivasa Perumal Kovil St: Rs 750 per sq.ft (2024)
• Sri Pachaiyamman Nagar: Rs 750 per sq.ft (2024)
• Sriperumbudur Road(Upto Railway Bridg): Rs 2,000 per sq.ft (2024)
• Sri Sai Garden: Rs 700 per sq.ft (2024)
• Sri Sai Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Nadarajar Nagar

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value would be Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. It is important to note that 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 details.

Which Sub Registrar Office covers Sri Nadarajar Nagar?

The Sub Registrar Office that covers Sri Nadarajar Nagar 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 during the registration of property transactions in Walajabad. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property in the area.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the guideline value to ensure they are complying with the local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Sri Nadarajar Nagar?

The current guideline value of Sri Nadarajar Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft since 2012, with a drop to Rs 335 per sq.ft in 2017, followed by a return to Rs 500 per sq.ft in 2023 and 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000.

Which office handles property registrations in Sri Nadarajar Nagar?

The Walajabad Sub Registrar Office handles property registrations for Sri Nadarajar Nagar, located on Sriperumbudur Road, Walajabad-631 605.

What is the median guideline value in Walajabad?

The median guideline value for streets in Walajabad is Rs 750 per sq.ft, while Sri Nadarajar Nagar's guideline value is below this median at Rs 500 per sq.ft.