Guideline Value for THIRUVENGATA BAGAVATHAR ST

Thiruvengata Bagavathar St guideline value

The current guideline value of Thiruvengata Bagavathar St is Rs 750 per sq.ft, effective from 1 July 2024. 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 Thiruvengata Bagavathar St has changed

The guideline value for Thiruvengata Bagavathar St has seen several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 502 per sq.ft. However, the subsequent 2023 revision brought the value back to Rs 750 per sq.ft, and the latest 2024 revision maintains this figure, showing no change from the previous year.

In terms of percentage changes, from 2017 to 2023, there was an increase of 49%. The value from 2012 to 2017 saw a decrease of 33%. Overall, comparing the values from 2012 to 2024, there has been no change.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO with a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft, with a median value of Rs 750 per sq.ft. Thiruvengata Bagavathar St's 2024 guideline value aligns with this median.

• 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)
• Vadakku Puthu St: Rs 750 per sq.ft (2024)
• Vadivel Nadar Nagar: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvengata Bagavathar 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, totaling Rs 67,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvengata Bagavathar St?

The Sub Registrar Office that covers Thiruvengata Bagavathar St 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 an essential factor during the registration of property transactions in Walajabad. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the authorities.

When buying or selling property, the guideline value helps both parties understand the minimum value assigned to the property, which is crucial for legal and financial proceedings. It is important to refer to the latest guideline values to ensure compliance with the registration process.

Frequently asked questions

What is the current guideline value of Thiruvengata Bagavathar St?

The current guideline value of Thiruvengata Bagavathar 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 remains at Rs 750 per sq.ft in 2024.

What is the land classification for Thiruvengata Bagavathar St?

Thiruvengata Bagavathar St is classified as Residential Class IV Type - I.

Where can I find the Sub Registrar Office for this street?

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

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For example, a 1,000 sq.ft plot at Rs 750 per sq.ft incurs a total of Rs 67,500 in fees.