Guideline Value for SRI SHANKARA NAGAR
₹250/sq.ft.
The guideline value for Sri Shankara Nagar in Valluvapakkam village (Walajabad SRO, Chengalpattu zone) is Rs 250 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Valluvapakkam
Village
Walajabad
SRO
Residential Class I Type - II
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹250 /sq.ft. |
| From 1-4-2023 | ₹250 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹167 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹250 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | N/A |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
DRO (District Registrar Office)
No.52 Orikkai Madhura, Udhayamangulam Village, Near Anna Kudiyiruppu, Kanchipuram-631502
044-27236674
[email protected], [email protected]
Records for a plot on Sri Shankara Nagar
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Walajabad sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Sri Shankara Nagar guideline value
The current guideline value of Sri Shankara Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Valluvapakkam village under the Walajabad SRO, and it falls under the Residential Class I Type - II land classification.
How the guideline value of Sri Shankara Nagar has changed
The guideline value for Sri Shankara Nagar has seen several revisions over the years. The earliest recorded revision available is from 2012, which set the value at Rs 250 per sq.ft. This remained unchanged until the 2017 revision, which decreased the value to Rs 167 per sq.ft, marking a decline of 33%. However, the value rebounded to Rs 250 per sq.ft in the 2023 revision and has remained consistent into the 2024 revision, showing no change from the previous year.
From 2017 to 2023, there was a significant increase of 50%, bringing the value back to Rs 250 per sq.ft. Overall, comparing the 2012 and 2024 revisions, the guideline value has not changed, remaining at Rs 250 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.
Guideline values in Valluvapakkam
In Valluvapakkam, there are 20 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 800 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value of Sri Shankara Nagar aligns with this median.
- Sri Saravana Nagar: Rs 250 per sq.ft (2024)
- Sri Saraswathi Nagar: Rs 250 per sq.ft (2024)
- Sri Sai Nagar: Rs 300 per sq.ft (2024)
- Subiksham Nagar Ext: Rs 200 per sq.ft (2024)
- Sri Mahalakshmi Nagar: Rs 250 per sq.ft (2024)
- Sri Lakshmi Guberan Nagar: Rs 300 per sq.ft (2024)
Stamp duty and registration fee for property in Sri Shankara Nagar
For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total cost for these fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.
Which Sub Registrar Office covers Sri Shankara Nagar?
Sri Shankara Nagar is covered by 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 Valluvapakkam
The guideline value is a critical factor in the registration process of property transactions in Valluvapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.
When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This helps both buyers and sellers understand the financial implications of the transaction and ensures compliance with local regulations.
Frequently asked questions
What is the current guideline value of Sri Shankara Nagar?
The current guideline value of Sri Shankara Nagar is Rs 250 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has remained at Rs 250 per sq.ft since 2023, after a significant increase from Rs 167 per sq.ft in 2017. The value has not changed from 2012 to 2024.
What is the land classification of Sri Shankara Nagar?
Sri Shankara Nagar is classified as Residential Class I Type - II, which indicates its suitability for residential development.
What are the stamp duty rates in Sri Shankara Nagar?
The stamp duty rate for property transactions in Sri Shankara Nagar is set at 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.
Where can I find the Walajabad Sub Registrar Office?
The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, in the Chengalpattu registration zone.
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