Guideline Value for VEERARAGAVA SUBEDHER SRTEET

Veeraragava Subedher Srteet guideline value

The current guideline value of Veeraragava Subedher Srteet is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village and falls under the Walajabad SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Veeraragava Subedher Srteet has changed

The guideline value for Veeraragava Subedher Srteet has seen several revisions over the years. The 2007 revision set the value at Rs 60 per sq.ft, which increased significantly to Rs 750 per sq.ft in the 2012 revision. However, in the 2017 revision, the value dropped to Rs 502 per sq.ft, before returning to Rs 750 per sq.ft in both the 2023 and 2024 revisions, showing no change between these two years.

From 2017 to 2023, there was a notable increase of 49%. The overall change from the 2007 revision to the 2024 revision reflects a substantial increase of 1150%. It is important to note that the guideline value register has no figures for the years 2002 and 2003 for this street.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO with a 2024 guideline value 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 the same as the 2024 guideline value for Veeraragava Subedher Srteet.

• Velalalr Srteet: Rs 750 per sq.ft (2024)
• Vellariamman Koil Street: Rs 750 per sq.ft (2024)
• Velleriammam Koil Srteet: Rs 750 per sq.ft (2024)
• Varasakthi Vinayagar Kovil St: Rs 750 per sq.ft (2024)
• Vanniyar Srteet: Rs 750 per sq.ft (2024)
• Venkatrama Pillai Srteet: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Veeraragava Subedher Srteet

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 be Rs 52,500, and the registration fee at 2% would be Rs 15,000, leading to a total of Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Veeraragava Subedher Srteet?

The Veeraragava Subedher Srteet is covered by 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 plays a crucial role in the registration process of property transactions in Walajabad. It is used to determine the stamp duty and registration fees, which are mandatory when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two values is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Veeraragava Subedher Srteet?

The current guideline value for Veeraragava Subedher Srteet is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 60 per sq.ft in 2007 to Rs 750 per sq.ft in 2012, then dropping to Rs 502 per sq.ft in 2017, and returning to Rs 750 per sq.ft in 2023 and 2024.

What is the median guideline value for streets in Walajabad?

The median guideline value for streets in Walajabad is Rs 750 per sq.ft, which is the same as the guideline value for Veeraragava Subedher Srteet.

What are the stamp duty and registration fees for properties 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.

Where is the Walajabad Sub Registrar Office located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.