Guideline Value for SRINIVASA PERUMAL KOVIL ST

Srinivasa Perumal Kovil St guideline value

The current guideline value of Srinivasa Perumal Kovil St 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 Srinivasa Perumal Kovil St has changed

The guideline value for Srinivasa Perumal Kovil St has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 750 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 502 per sq.ft. However, in the 2023 revision, it returned to Rs 750 per sq.ft. The most recent revision in 2024 has also maintained this value at Rs 750 per sq.ft.

When examining the changes between these revisions, it is noted that from 2017 to 2023, there was an increase of 49%. Conversely, the change from 2012 to 2017 saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 750 per sq.ft.

Guideline values in Walajabad

In Walajabad, there are 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 is Rs 750 per sq.ft, which is equal to the guideline value of Srinivasa Perumal Kovil St.

• Sri Pachaiyamman Nagar: 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 Srinivasa Perumal Kovil St

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 higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Srinivasa Perumal Kovil St?

The Sub Registrar Office that covers Srinivasa Perumal Kovil St 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 in the registration process when buying or selling property in Walajabad. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable charges, ensuring that the transaction is recorded accurately and legally. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Srinivasa Perumal Kovil St?

The current guideline value of Srinivasa Perumal Kovil St is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen fluctuations, with a peak of Rs 750 per sq.ft in 2012, a drop to Rs 502 per sq.ft in 2017, and returning to Rs 750 per sq.ft in both 2023 and 2024.

What is the land classification for Srinivasa Perumal Kovil St?

Srinivasa Perumal Kovil St is classified as Residential Class IV Type - I, which indicates its designated use for residential purposes.

What are the stamp duty rates for properties in Walajabad?

The stamp duty rate for properties in Walajabad is 7%, and 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, Chengalpattu registration zone. You can find more details through the provided link.