Guideline Value for VELLERIAMMAM KOIL SRTEET

Velleriammam Koil Srteet guideline value

The current guideline value of Velleriammam Koil Srteet 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 Velleriammam Koil Srteet has changed

Over the years, the guideline value of Velleriammam Koil Srteet has seen several revisions. The earliest recorded figure in the register is from 2007, where the value was Rs 60 per sq.ft. This 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. The 2023 revision maintained the value at Rs 750 per sq.ft, which remained unchanged in the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%. The value saw a dramatic rise from 2007 to 2012, increasing by 1150%. Overall, from 2007 to 2024, the guideline value has increased by 1150%. The register does not contain figures for the years 2002 and 2003 for this street.

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 is equal to the guideline value of Velleriammam Koil Srteet.

• Vellariamman Koil Street: 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 Velleriammam Koil Srteet

For a 1,000 sq.ft plot at the current rate of Rs 750 per sq.ft, the guideline value amounts to 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, totaling Rs 67,500. The duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Velleriammam Koil Srteet?

The Sub Registrar Office that covers Velleriammam Koil Srteet is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Walajabad

The guideline value plays a crucial role in the registration process for property transactions in Walajabad. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When a property is bought or sold, the guideline value is referenced to ensure that the appropriate fees are collected. This value helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Velleriammam Koil Srteet?

The current guideline value of Velleriammam Koil 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 several times, with significant increases noted from Rs 60 per sq.ft in 2007 to Rs 750 per sq.ft in 2012 and again in 2024.

What is the land classification for Velleriammam Koil Srteet?

Velleriammam Koil Srteet is classified as Residential Class IV Type - I.

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 stamp duty calculated for properties in Walajabad?

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