Guideline Value for VADAKKU PUTHU ST

Vadakku Puthu St guideline value

The current guideline value of Vadakku Puthu St is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village, under the jurisdiction of the Walajabad SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Vadakku Puthu St has changed

The guideline value for Vadakku Puthu St has seen several revisions over the years. In the 2012 revision, the value was set at Rs 750 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 502 per sq.ft. However, the value rose significantly in the following revisions, reaching Rs 750 per sq.ft again in both the 2023 and 2024 revisions, reflecting a 49% increase from 2017 to 2023. Notably, from 2023 to 2024, there was no change in the guideline value.

There are also revisions from the years 2002, 2003, and 2007, but the register has no figure for Vadakku Puthu St in these years. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 750 per sq.ft.

Guideline values in Walajabad

Walajabad village has a total of 196 streets under the Walajabad SRO, with guideline values ranging from Rs 400 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 750 per sq.ft, which is equal to the 2024 figure for Vadakku Puthu St.

• Vaanuvar St: Rs 750 per sq.ft (2024)
• Vadivel Nadar Nagar: Rs 750 per sq.ft (2024)
• Un Named Layout S.No:394/1,2, 395, 396/6a: Rs 1,000 per sq.ft (2024)
• Vaishnavi Nagar: Rs 400 per sq.ft (2024)
• Vakkar St: Rs 750 per sq.ft (2024)
• Vallappakkam Road: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Vadakku Puthu St

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty at 7% would amount to Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total to Rs 67,500. It is 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.

Which Sub Registrar Office covers Vadakku Puthu St?

The Sub Registrar Office that covers Vadakku Puthu St is 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 Walajabad

The guideline value is a crucial factor in property transactions in Walajabad, as it determines the minimum value at which a property can be registered. When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. Ensuring that the property is registered at the correct guideline value helps in maintaining transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value for Vadakku Puthu St?

The current guideline value for Vadakku Puthu St is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent revisions in 2023 and 2024 maintaining the value at Rs 750 per sq.ft. The value decreased to Rs 502 per sq.ft in 2017 but has since returned to Rs 750 per sq.ft.

What is the land classification for Vadakku Puthu St?

Vadakku Puthu St is classified as Residential Class IV Type - I, indicating its suitability for residential purposes.

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. This office handles registrations for properties in the area.

How is stamp duty calculated for properties in Vadakku Puthu St?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500 at a rate of 7%.