Guideline Value for VELLARIAMMAN KOIL STREET

Vellariamman Koil Street guideline value

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

How the guideline value of Vellariamman Koil Street has changed

The guideline value for Vellariamman Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which remained unchanged in the subsequent 2017 revision, where it was reduced to Rs 502 per sq.ft. However, from 2017 to 2023, the value increased by 49%, bringing it back to Rs 750 per sq.ft. The 2024 revision has maintained this value, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained at Rs 750 per sq.ft.

Guideline values in Walajabad

In Walajabad, there are 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 aligns with the 2024 figure for Vellariamman Koil Street.

• Velleriammam Koil Srteet: Rs 750 per sq.ft (2024)
• Velalalr Srteet: Rs 750 per sq.ft (2024)
• Veeraragava Subedher Srteet: Rs 750 per sq.ft (2024)
• Venkatrama Pillai 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)

Stamp duty and registration fee for property in Vellariamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty is charged at 7%, which would be Rs 52,500, and the registration fee at 2%, amounting to Rs 15,000. Together, the total cost for these fees would be Rs 67,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vellariamman Koil Street?

The Sub Registrar Office that covers Vellariamman Koil Street 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. It is used to determine the stamp duty and registration fees when buying or selling property. The fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

When registering a property, buyers must be aware of the guideline value as it directly affects the financial obligations associated with the purchase. It is essential to check the latest guideline values to accurately assess the costs involved in property transactions.

Frequently asked questions

What is the current guideline value of Vellariamman Koil Street?

The current guideline value of Vellariamman Koil Street 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 in the 2012, 2023, and 2024 revisions. It decreased to Rs 502 per sq.ft in 2017, marking a 33% drop from the 2012 value, before increasing by 49% from 2017 to 2023.

What is the land classification for Vellariamman Koil Street?

Vellariamman Koil Street is classified as Residential Class IV Type - I, indicating its suitability for residential development.

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.

How is the stamp duty calculated for properties in Walajabad?

Stamp duty in Walajabad is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable, ensuring that buyers are aware of their financial obligations during property transactions.