Guideline Value for TIERRA

Tierra guideline value

The current guideline value of Tierra in Vakkupattu A village is Rs 2,090 per sq.ft, effective from 1 July 2024. This area falls under the Walajabad Sub Registrar Office (SRO) and is classified as Residential Special Type - III.

How the guideline value of Tierra has changed

The guideline value for Tierra has remained consistent at Rs 2,090 per sq.ft since the 2023 revision, which also recorded the same figure. Prior to that, there are no figures available for the revisions from 2002, 2003, 2007, 2012, and 2017 for this street.

The 2024 revision shows no change from the 2023 revision, reflecting an increase of +0%. The consistency in the guideline value indicates stability in this area over the last two years.

Guideline values in Vakkupattu A

In Vakkupattu A, there are 14 streets under the Walajabad SRO that have a 2024 guideline value ranging from Rs 400 to Rs 2,090 per sq.ft. The median value for these streets is Rs 500 per sq.ft, placing Tierra's 2024 figure above that median.

• Unnamed Layout: Rs 400 per sq.ft (2024)
• Un Named Layout (Farmsite) S.No:822/2c,2d,2e,2f,2g,2h,2j,2k,2l: Rs 400 per sq.ft (2024)
• Velammal Nagar: Rs 400 per sq.ft (2024)
• Sri Sairam Township: Rs 500 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 400 per sq.ft (2024)
• Sai Baba Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Tierra

For a 1,000 sq.ft plot at the current guideline value of Rs 2,090 per sq.ft, the total guideline value amounts to Rs 20,90,000. The stamp duty at 7% would be Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, bringing the total cost for these fees to Rs 1,88,100. It's important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Tierra?

The Tierra area is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Vakkupattu A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value must be considered to understand the costs involved. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can significantly impact the total expenses incurred during the transaction.

Frequently asked questions

What is the current guideline value of Tierra?

The current guideline value of Tierra is Rs 2,090 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,090 per sq.ft since the 2023 revision, showing no change from the previous year. There are no available figures for the revisions from 2002, 2003, 2007, 2012, and 2017 for this street.

What are the other streets in Vakkupattu A?

Other streets in Vakkupattu A include Unnamed Layout, Un Named Layout (Farmsite), Velammal Nagar, Sri Sairam Township, Sri Lakshmi Nagar, and Sai Baba Nagar, with guideline values ranging from Rs 400 to Rs 500 per sq.ft.

How is stamp duty calculated in Tierra?

Stamp duty in Tierra is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a guideline value of Rs 20,90,000, the stamp duty would be Rs 1,46,300.

Where can I find the Walajabad Sub Registrar Office?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find more information by visiting the find your SRO page.