Guideline Value for VENKATRAMA PILLAI SRTEET

Venkatrama Pillai Srteet guideline value

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

How the guideline value of Venkatrama Pillai Srteet has changed

In the 2012 revision, the guideline value was Rs 750 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 502 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value rose significantly by 49% back to Rs 750 per sq.ft. The 2024 revision has retained this figure, showing no change from the previous year.

It is important to note that there are no available figures for the revisions in 2002, 2003, and 2007 for Venkatrama Pillai Srteet.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that have 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 Venkatrama Pillai Srteet.

• Velleriammam Koil Srteet: Rs 750 per sq.ft (2024)
• 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)
• Vijaya Nagar: Rs 550 per sq.ft (2024)
• Varasakthi Vinayagar Kovil St: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Venkatrama Pillai Srteet

For a 1,000 sq.ft plot at the current rate of Rs 750 per sq.ft, the 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, totaling Rs 67,500. The 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 Venkatrama Pillai Srteet?

The Venkatrama Pillai 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 is crucial during property transactions as it determines the stamp duty and registration fees payable at the time of registration. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations and to accurately calculate the costs associated with the transaction.

When a property is sold, the guideline value serves as a benchmark for the minimum price at which the property can be registered. This helps in maintaining transparency in property transactions and ensures that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Venkatrama Pillai Srteet?

The current guideline value of Venkatrama Pillai 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 remained at Rs 750 per sq.ft since the 2012 revision, except for a decrease to Rs 502 per sq.ft in 2017. It increased back to Rs 750 per sq.ft in 2023 and has stayed the same in 2024.

What is the land classification of Venkatrama Pillai Srteet?

Venkatrama Pillai 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 the stamp duty calculated for properties in Venkatrama Pillai Srteet?

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