Guideline Value for UNNAMED LAYOUT

Unnamed Layout guideline value

The current guideline value for Unnamed Layout in Vakkupattu A village is Rs 400 per sq.ft, effective from 1 July 2024. This area falls under the Walajabad SRO and is classified as Residential Class I Type - III.

How the guideline value of Unnamed Layout has changed

According to the guideline value register, the earliest revision available for Unnamed Layout is from 2017, which set the value at Rs 268 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded the guideline value at Rs 400 per sq.ft. The latest revision in 2024 also maintains the guideline value at Rs 400 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%, bringing the value from Rs 268 to Rs 400 per sq.ft. Overall, from 2017 to 2024, the guideline value has increased by 49% as well, reflecting the same value in the last two revisions.

Guideline values in Vakkupattu A

In Vakkupattu A, there are 14 streets under the Walajabad SRO that carry 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 the guideline value for Unnamed Layout below this median.

• Unnamed Layout (Farmsite): Rs 400 per sq.ft (2024)
• Tierra: Rs 2,090 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 Unnamed Layout

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 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?

The Unnamed Layout falls under the jurisdiction of 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 Vakkupattu A

The guideline value plays a crucial role in the registration process of property transactions in Vakkupattu A. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the transaction is documented accurately. This helps in maintaining transparency and consistency in property dealings within the jurisdiction of the Walajabad SRO.

Frequently asked questions

What is the current guideline value for Unnamed Layout?

The current guideline value for Unnamed Layout in Vakkupattu A is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Unnamed Layout has seen a 49% increase from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in both 2023 and 2024. There were no changes in the values recorded for the years 2023 and 2024.

What is the median guideline value for streets in Vakkupattu A?

The median guideline value for streets in Vakkupattu A is Rs 500 per sq.ft, with Unnamed Layout's value being below this median at Rs 400 per sq.ft.

What are the stamp duty and registration fees for a property in Unnamed Layout?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000. This is based on the guideline value of Rs 400 per sq.ft for a 1,000 sq.ft plot.

Which office handles registrations for Unnamed Layout?

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