Guideline Value for UNNAMED LAYOUT

Unnamed Layout guideline value

The current guideline value for Unnamed Layout in Marutham village is Rs 300 per sq.ft, effective from 1 July 2024. This property falls under the Walajabad SRO and is classified as Residential Special Type - III.

How the guideline value of Unnamed Layout has changed

The guideline value for Unnamed Layout has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the 2017 revision. However, in 2017, the value was adjusted to Rs 201 per sq.ft, reflecting a decrease of 33%. The 2023 revision brought the value back to Rs 300 per sq.ft, which remained the same in the 2024 revision, showing no change between these two years.

Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Comparing the changes, from 2017 to 2023, there was an increase of 49%, while the overall change from 2012 to 2024 is 0%.

Guideline values in Marutham

In Marutham village, there are 8 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 300 per sq.ft. The median value for these streets is Rs 150 per sq.ft, positioning Unnamed Layout's 2024 figure above this median.

• Uvs Real Estates Private Limited: Rs 150 per sq.ft (2024)
• Thirupathy Nagar Extension: Rs 300 per sq.ft (2024)
• Thirupathy Nagar: Rs 100 per sq.ft (2024)
• Sumathi Ammal Nagar: Rs 300 per sq.ft (2024)
• Sri Madhu Nagar Phase -I: Rs 150 per sq.ft (2024)
• Sharon Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Unnamed Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Unnamed Layout?

The Unnamed Layout is covered by 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 Marutham

The guideline value is a crucial factor in the registration process when buying or selling property. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

When a property is sold, the guideline value helps establish the minimum value at which the property can be registered, thereby protecting the interests of both buyers and sellers in the transaction.

Frequently asked questions

What is the current guideline value of Unnamed Layout?

The current guideline value of Unnamed Layout is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, with the most recent revision in 2024 maintaining the value at Rs 300 per sq.ft, while the 2017 revision had decreased it to Rs 201 per sq.ft.

What is the land classification for Unnamed Layout?

Unnamed Layout is classified as Residential Special Type - III, which indicates its intended use for residential purposes.

Where can I find the registration office for Unnamed Layout?

The registration office for Unnamed Layout is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is stamp duty calculated for properties in Unnamed Layout?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 21,000.