Guideline Value for THIRUMALAI NAGAR SAI RAM AVENUE

Thirumalai Nagar Sai Ram Avenue guideline value

The current guideline value of Thirumalai Nagar Sai Ram Avenue is Rs 500 per sq.ft. This street is located in Walajabad village, under the Walajabad SRO, and is classified as Residential Class I Type - III.

How the guideline value of Thirumalai Nagar Sai Ram Avenue has changed

The guideline value for Thirumalai Nagar Sai Ram Avenue has undergone significant changes over the years. In the 2017 revision, the value was Rs 268 per sq.ft. The most recent revision in 2023 saw an increase to Rs 500 per sq.ft, marking a change of +87% from the 2017 figure.

There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street. Therefore, the only registered values are from 2017 and 2023.

Guideline values in Walajabad

Walajabad village has a total of 196 streets under the Walajabad SRO, with 2024 figures ranging from Rs 400 to Rs 2,000 per sq.ft. The median guideline value in Walajabad is Rs 750 per sq.ft, placing Thirumalai Nagar Sai Ram Avenue at a lower rate compared to many other streets in the area.

• Therku Puthu St: Rs 750 per sq.ft (2024)
• 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)
• Un Named Layout S.No:394/1,2, 395, 396/6a: Rs 1,000 per sq.ft (2024)
• Vaanuvar St: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumalai Nagar Sai Ram Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information on fees.

Which Sub Registrar Office covers Thirumalai Nagar Sai Ram Avenue?

The Sub Registrar Office that covers Thirumalai Nagar Sai Ram Avenue is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Walajabad. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar Sai Ram Avenue?

The current guideline value of Thirumalai Nagar Sai Ram Avenue is Rs 500 per sq.ft, as per the 2023 revision.

How much has the guideline value changed over the years?

The guideline value increased from Rs 268 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, reflecting a change of +87%.

Are there any revisions without figures for Thirumalai Nagar Sai Ram Avenue?

Yes, there are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for Thirumalai Nagar Sai Ram Avenue.

What is the registration office for Thirumalai Nagar Sai Ram Avenue?

The registration office for Thirumalai Nagar Sai Ram Avenue is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Thirumalai Nagar Sai Ram Avenue?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would be Rs 45,000.