Guideline Value for THIRVENGADA BHAGAVAGHER STREET

Thirvengada Bhagavagher Street guideline value

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

How the guideline value of Thirvengada Bhagavagher Street has changed

In the 2007 revision, the guideline value was set at Rs 60 per sq.ft. This increased significantly to Rs 750 per sq.ft in the 2012 revision, marking a change of +1150%. However, in the following revision in 2017, the value decreased to Rs 502 per sq.ft, a decline of -33%. The 2023 revision maintained the value at Rs 750 per sq.ft. The current 2024 revision also holds the guideline value at Rs 750 per sq.ft, reflecting no change from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by +1150%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Walajabad

Walajabad village has a total of 196 streets under the Walajabad SRO, with 2024 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, which is equal to the guideline value of Thirvengada Bhagavagher Street.

• Thiyagi Chinnaswamy Nagar: Rs 750 per sq.ft (2024)
• Thiruvengata Bagavathar 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)
• 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 Thirvengada Bhagavagher Street

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value is 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.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirvengada Bhagavagher Street?

The Sub Registrar Office covering Thirvengada Bhagavagher Street 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 is a critical factor in the registration process when buying or selling property in Walajabad. It determines the minimum value at which a property can be registered and affects the stamp duty and registration fees that buyers must pay.

When a property is sold, the guideline value is used to calculate the applicable fees. This ensures that the transaction is recorded accurately and reflects the official value set by the authorities.

Frequently asked questions

What is the current guideline value of Thirvengada Bhagavagher Street?

The current guideline value of Thirvengada Bhagavagher Street is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 60 per sq.ft in 2007 to Rs 750 per sq.ft in 2012, followed by a decrease to Rs 502 per sq.ft in 2017. The value remained at Rs 750 per sq.ft in 2023 and continues to be the same in 2024.

What are the other streets in Walajabad with the same guideline value?

Other streets in Walajabad with the same guideline value of Rs 750 per sq.ft include Thiyagi Chinnaswamy Nagar, Thiruvengata Bagavathar St, Vaanuvar St, Vadakku Puthu St, and Vadivel Nadar Nagar.

How is the stamp duty calculated for properties in Thirvengada Bhagavagher Street?

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

Where can I find the Sub Registrar Office for Thirvengada Bhagavagher Street?

The Sub Registrar Office for Thirvengada Bhagavagher Street is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find more information about your SRO online.