Guideline Value for UNNAMED LAYOUT S.NO:58/1A,1B,2A,2B,2C,2D,2E,2F,2G,2H,2I

Unnamed Layout S.No:58/1a,1b,2a,2b,2c,2d,2e,2f,2g,2h,2i guideline value

The current guideline value for Unnamed Layout S.No:58/1a,1b,2a,2b,2c,2d,2e,2f,2g,2h,2i is Rs 500 per sq.ft. This property is located in Valaiyakarani village, under the jurisdiction of the Walajabad SRO, and is classified as Residential Special Type - III.

How the guideline value of Unnamed Layout S.No:58/1a,1b,2a,2b,2c,2d,2e,2f,2g,2h,2i has changed

The guideline value for this street has undergone several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged in the 2017 revision, but then increased to Rs 335 per sq.ft in the same year. The 2023 revision brought it back to Rs 500 per sq.ft, and the current 2024 revision maintains this rate, showing no change from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 500 per sq.ft.

Guideline values in Valaiyakarani

In Valaiyakarani, there are four streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 2,239 per sq.ft. The median value for these streets is Rs 750 per sq.ft, placing the 2024 figure for Unnamed Layout S.No:58/1a,1b,2a,2b,2c,2d,2e,2f,2g,2h,2i below this median.

• Vbhc: Rs 2,239 per sq.ft (2024)
• Vetri Nagar: Rs 250 per sq.ft (2024)
• Star Breeze Phase-I: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Unnamed Layout S.No:58/1a,1b,2a,2b,2c,2d,2e,2f,2g,2h,2i

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total cost for these 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. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Unnamed Layout S.No:58/1a,1b,2a,2b,2c,2d,2e,2f,2g,2h,2i?

The Sub Registrar Office that covers Unnamed Layout S.No:58/1a,1b,2a,2b,2c,2d,2e,2f,2g,2h,2i is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Valaiyakarani. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that the guideline value is often used as a benchmark for property transactions.

When a property is sold, the higher value between the guideline value and the actual sale price is considered for calculating the stamp duty. This ensures that the government receives the appropriate revenue based on the property's worth as per the guideline value register.

Frequently asked questions

What is the current guideline value for Unnamed Layout S.No:58/1a,1b,2a,2b,2c,2d,2e,2f,2g,2h,2i?

The current guideline value for Unnamed Layout S.No:58/1a,1b,2a,2b,2c,2d,2e,2f,2g,2h,2i is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 500 per sq.ft. Notably, there was a significant increase of 49% from 2017 to 2023, while from 2012 to 2017, the value decreased by 33%.

What is the registration office for this property?

The registration office for Unnamed Layout S.No:58/1a,1b,2a,2b,2c,2d,2e,2f,2g,2h,2i 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 Valaiyakarani?

Stamp duty is calculated based on the higher value between the guideline value and the sale price of the property. For example, for a property valued at Rs 5,00,000, the stamp duty would be calculated at 7% of this amount.

What are the other streets in Valaiyakarani with their guideline values?

In addition to Unnamed Layout S.No:58/1a,1b,2a,2b,2c,2d,2e,2f,2g,2h,2i, other streets in Valaiyakarani include Vbhc at Rs 2,239 per sq.ft, Vetri Nagar at Rs 250 per sq.ft, and Star Breeze Phase-I at Rs 1,000 per sq.ft, all based on the 2024 guideline values.