Guideline Value for VARASAKTHI VINAYAGAR KOVIL ST

Varasakthi Vinayagar Kovil St guideline value

The current guideline value for Varasakthi Vinayagar Kovil St is Rs 750 per sq.ft. This street is located in Walajabad village, under the jurisdiction of the Walajabad SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Varasakthi Vinayagar Kovil St has changed

The guideline value for Varasakthi Vinayagar Kovil St has seen several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 750 per sq.ft, which is consistent with the 2023 revision. Prior to that, the 2017 revision set the value at Rs 502 per sq.ft, marking a 49% increase from 2017 to 2023. The 2012 revision also had a value of Rs 750 per sq.ft, indicating a decrease of 33% from the 2012 figure to the 2017 figure. Overall, from 2012 to 2024, the guideline value remains unchanged at Rs 750 per sq.ft.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Walajabad

In Walajabad, there are a total of 196 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 2,000 per sq.ft. The median value is Rs 750 per sq.ft, which is the same as the guideline value for Varasakthi Vinayagar Kovil St.

• Vanniyar Srteet: Rs 750 per sq.ft (2024)
• Vaniyar Street: Rs 750 per sq.ft (2024)
• Valluvar Srteet: Rs 750 per sq.ft (2024)
• Vallappakkam Road: Rs 750 per sq.ft (2024)
• Veeraragava Subedher Srteet: Rs 750 per sq.ft (2024)
• Velalalr Srteet: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Varasakthi Vinayagar Kovil 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, while the registration fee at 2% would be Rs 15,000, bringing the total fees to Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator to estimate your costs.

Which Sub Registrar Office covers Varasakthi Vinayagar Kovil St?

The Sub Registrar Office covering Varasakthi Vinayagar Kovil 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 when registering property in Walajabad. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable fees based on the property's size and value. This ensures that all transactions are conducted fairly and transparently, reflecting the established values in the area.

Frequently asked questions

What is the current guideline value for Varasakthi Vinayagar Kovil St?

The current guideline value for Varasakthi Vinayagar Kovil 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 remained at Rs 750 per sq.ft from 2012 to 2024, with a significant increase of 49% from Rs 502 per sq.ft in 2017 to Rs 750 per sq.ft in 2023.

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

For a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500 and the registration fee would be Rs 15,000, totaling Rs 67,500.

Which office handles registrations for Varasakthi Vinayagar Kovil St?

The Walajabad Sub Registrar Office is responsible for handling registrations for Varasakthi Vinayagar Kovil St, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

What is the land classification for Varasakthi Vinayagar Kovil St?

The land classification for Varasakthi Vinayagar Kovil St is Residential Class IV Type - I, indicating its suitability for residential development.