Guideline Value for UNNAMED LAYOUT S.NO:645/2A,2B,2C,2A1

Unnamed Layout S.No:645/2a,2b,2c,2a1 guideline value

The current guideline value for Unnamed Layout S.No:645/2a,2b,2c,2a1 is Rs 400 per sq.ft. This property is located in Bunrutti A village and falls under the Walajabad SRO. The land classification is Residential Class I Type - II.

How the guideline value of Unnamed Layout S.No:645/2a,2b,2c,2a1 has changed

The guideline value for Unnamed Layout S.No:645/2a,2b,2c,2a1 has undergone several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 400 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision set the value at Rs 268 per sq.ft, marking a significant increase of 49% from 2017 to 2023, and the same percentage increase from 2017 to 2024.

There are no figures available for the revisions in 2012, 2007, 2003, and 2002 for this street. Thus, the only revisions that show a figure are from 2017, 2023, and 2024.

Guideline values in Bunrutti A

In Bunrutti A, there are 10 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 1,200 per sq.ft, with a median value of Rs 425 per sq.ft. The guideline value for Unnamed Layout S.No:645/2a,2b,2c,2a1 is below this median.

• Un Named Layout Survey No:446/1,7,10: Rs 400 per sq.ft (2024)
• Veerachozhapuram: Rs 500 per sq.ft (2024)
• Sri Ponni Farm Garden: Rs 500 per sq.ft (2024)
• Sri Devi Karumari Amman Nagar: Rs 450 per sq.ft (2024)
• Sri Chakra Gardens Farm Land: Rs 500 per sq.ft (2024)
• Siddarth Avenue: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Unnamed Layout S.No:645/2a,2b,2c,2a1

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It's 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 details on fees.

Which Sub Registrar Office covers Unnamed Layout S.No:645/2a,2b,2c,2a1?

The Sub Registrar Office that covers Unnamed Layout S.No:645/2a,2b,2c,2a1 is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is crucial during property registration as it determines the stamp duty and registration fees payable. When a property is sold, the buyer must ensure that the sale price or the guideline value, whichever is higher, is used to calculate these fees.

Understanding the guideline value helps buyers and sellers navigate the registration process effectively. It is advisable to check the latest guideline values before making any transactions to avoid unexpected costs.

Frequently asked questions

What is the current guideline value for Unnamed Layout S.No:645/2a,2b,2c,2a1?

The current guideline value for Unnamed Layout S.No:645/2a,2b,2c,2a1 is Rs 400 per sq.ft as per the 2024 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased by 49%, rising from Rs 268 per sq.ft to Rs 400 per sq.ft in 2024.

What are the stamp duty and registration fees for a property in this layout?

For a 1,000 sq.ft plot, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000 based on the current guideline value.

Which office handles the registration for this property?

The Walajabad Sub Registrar Office handles the registration for Unnamed Layout S.No:645/2a,2b,2c,2a1, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

What is the significance of the guideline value?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the fees are calculated based on a standardized value set by the government.