Guideline Value for THERKU PUTHU ST

Therku Puthu St guideline value

The current guideline value of Therku Puthu St is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village, which falls under the Walajabad SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Therku Puthu St has changed

The guideline value for Therku Puthu St has undergone several revisions over the years. The earliest recorded figure is Rs 750 per sq.ft in 2012. This was followed by a decrease to Rs 502 per sq.ft in 2017. Since then, the value increased significantly to Rs 750 per sq.ft in both the 2023 and 2024 revisions, showing a 49% increase from 2017 to 2023. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2012 to 2024, the overall change is 0%, as the value returned to Rs 750 per sq.ft. The consistency in the values from 2023 to 2024 indicates that the guideline value has stabilized at this rate.

Guideline values in Walajabad

In Walajabad, there are 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 guideline value is Rs 750 per sq.ft, which is equal to the current figure for Therku Puthu St. Below are other streets in Walajabad with their respective guideline values:

• Thiruvengata Bagavathar St: Rs 750 per sq.ft (2024)
• Thirvengada Bhagavagher Street: Rs 750 per sq.ft (2024)
• Thiyagi Chinnaswamy Nagar: Rs 750 per sq.ft (2024)
• Subramania Nadar St: Rs 750 per sq.ft (2024)
• Un Named Layout S.No:394/1,2, 395, 396/6a: Rs 1,000 per sq.ft (2024)
• Sri Vidhya Nagar Extension: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Therku Puthu St

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty at 7% would amount to Rs 52,500, and the registration fee at 2% would be Rs 15,000. Together, the total cost for stamp duty and registration fees would be Rs 67,500. 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 details.

Which Sub Registrar Office covers Therku Puthu St?

The Sub Registrar Office that covers Therku Puthu 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 during 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, ensuring that the transaction is recorded at an official value recognized by the government.

When a property is sold, the guideline value is used to calculate the applicable fees based on either the sale price or the guideline value, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, reflecting the official value of the property in the area.

Frequently asked questions

What is the current guideline value of Therku Puthu St?

The current guideline value of Therku Puthu St is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then back to Rs 750 per sq.ft in 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification for Therku Puthu St?

The land classification for Therku Puthu St is Residential Class IV Type - I.

Where can I find the registration office for Therku Puthu St?

The registration office for Therku Puthu St is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is stamp duty calculated for properties in Walajabad?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot valued at Rs 7,50,000, the stamp duty at 7% would be Rs 52,500.