Guideline Value for SRI PACHAIYAMMAN NAGAR

Sri Pachaiyamman Nagar guideline value

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

How the guideline value of Sri Pachaiyamman Nagar has changed

In the 2023 revision, the guideline value for Sri Pachaiyamman Nagar was Rs 750 per sq.ft, which remained unchanged in the 2024 revision, also set at Rs 750 per sq.ft, resulting in a change of +0%. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the guideline value has been consistent at Rs 750 per sq.ft since the 2023 revision, with no previous figures available for earlier years. The stability in the guideline value reflects the same rate across the two most recent revisions.

Guideline values in Walajabad

Walajabad village has a total of 196 streets under the Walajabad SRO, with a 2024 guideline value range from Rs 400 to Rs 2,000 per sq.ft. The median guideline value is Rs 750 per sq.ft, which is the same as the current rate for Sri Pachaiyamman Nagar.

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

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, and 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 use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Pachaiyamman Nagar?

The Sub Registrar Office that covers Sri Pachaiyamman 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 an important factor in the registration process when buying or selling property in Walajabad. It determines the minimum value at which the property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a property is sold, the guideline value helps in calculating the stamp duty, which is charged on the higher of the guideline value or the actual sale price. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value for Sri Pachaiyamman Nagar?

The current guideline value for Sri Pachaiyamman Nagar 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 unchanged at Rs 750 per sq.ft from the 2023 revision to the 2024 revision. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the median guideline value in Walajabad?

The median guideline value in Walajabad is Rs 750 per sq.ft, which is the same as the current rate for Sri Pachaiyamman Nagar.

What are the stamp duty rates applicable in Sri Pachaiyamman Nagar?

The stamp duty rate for properties in Sri Pachaiyamman Nagar is 7%. It is calculated based on the higher of the guideline value or the sale price of the property.

Where can I find the Sub Registrar Office for Sri Pachaiyamman Nagar?

The Sub Registrar Office for Sri Pachaiyamman Nagar is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find more information by visiting the appropriate link.