Guideline Value for SRIPERUMBUDUR ROAD(UPTO RAILWAY BRIDG)

Sriperumbudur Road(Upto Railway Bridg) guideline value

The current guideline value of Sriperumbudur Road(Upto Railway Bridg) is Rs 2,000 per sq.ft, effective from 1 July 2024. This property is located in Walajabad village under the Walajabad SRO, classified as Residential Special Type - IV.

How the guideline value of Sriperumbudur Road(Upto Railway Bridg) has changed

In the 2012 revision, the guideline value was set at Rs 2,000 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 1,340 per sq.ft. Following this, the 2023 revision brought the value back to Rs 2,000 per sq.ft, which was maintained in the 2024 revision as well, showing no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%. However, the overall change from 2012 to 2024 shows no percentage change, as the value returned to the same figure established in 2012. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Walajabad

Walajabad village features 196 streets under the Walajabad SRO, with guideline values ranging from Rs 400 to Rs 2,000 per sq.ft. The median value for these streets is Rs 750 per sq.ft, placing the Sriperumbudur Road(Upto Railway Bridg) guideline value above this median.

• Sri Pachaiyamman Nagar: Rs 750 per sq.ft (2024)
• Srinivasa Perumal Kovil St: Rs 750 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 Sriperumbudur Road(Upto Railway Bridg)

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, totaling Rs 1,80,000. It is important to note that 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 information.

Which Sub Registrar Office covers Sriperumbudur Road(Upto Railway Bridg)?

The Sub Registrar Office that covers Sriperumbudur Road(Upto Railway Bridg) is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for additional details.

How the guideline value is used when you buy or sell in Walajabad

The guideline value is crucial during the registration process of property transactions in Walajabad. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on an official valuation.

When buying or selling property, both parties must be aware of the guideline value as it directly influences the financial obligations associated with the transaction. This ensures transparency and compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Sriperumbudur Road(Upto Railway Bridg)?

The current guideline value of Sriperumbudur Road(Upto Railway Bridg) is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the 2012 revision at Rs 2,000 per sq.ft, decreasing to Rs 1,340 per sq.ft in 2017, and returning to Rs 2,000 per sq.ft in the 2023 and 2024 revisions.

What is the land classification for this area?

The land classification for Sriperumbudur Road(Upto Railway Bridg) is Residential Special Type - IV, indicating its designated use for residential purposes.

What is the registration office for this property?

The registration office for properties on Sriperumbudur Road(Upto Railway Bridg) is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty for properties in this area is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total stamp duty and registration fee of Rs 1,80,000.