Guideline Value for W.K. RATHINAVEL ST

W.K. Rathinavel St guideline value

The current guideline value of W.K. Rathinavel St 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 W.K. Rathinavel St has changed

The guideline value for W.K. Rathinavel St has undergone several revisions over the years. The earliest available figure is from the 2012 revision, which set the value at Rs 750 per sq.ft. This was followed by a decrease to Rs 502 per sq.ft in the 2017 revision. The 2023 revision maintained the value at Rs 750 per sq.ft, and the current 2024 revision also holds the same value of Rs 750 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

In terms of changes, from 2017 to 2023, there was an increase of 49%. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has seen no change.

Guideline values in Walajabad

In Walajabad, there are a total of 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 guideline value is Rs 750 per sq.ft, which is equal to the 2024 figure for W.K. Rathinavel St.

• W.T.Natarajan St: Rs 500 per sq.ft (2024)
• V.V.Kovil Street: Rs 1,000 per sq.ft (2024)
• V.M.Avenue: Rs 700 per sq.ft (2024)
• Vinodha Nagar: Rs 1,500 per sq.ft (2024)
• Vijaya Nagar: Rs 550 per sq.ft (2024)
• Venkatrama Pillai Srteet: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in W.K. Rathinavel St

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, bringing the total to Rs 67,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers W.K. Rathinavel St?

The Sub Registrar Office that covers W.K. Rathinavel 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 plays a crucial role in the registration process when buying or selling property in Walajabad. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately in accordance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of W.K. Rathinavel St?

The current guideline value of W.K. Rathinavel 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 decrease to Rs 502 per sq.ft in 2017 and then returning to Rs 750 per sq.ft in 2023.

What is the land classification of W.K. Rathinavel St?

W.K. Rathinavel St is classified as Residential Class IV Type - I.

Where can I find the registration office for W.K. Rathinavel St?

The registration office for W.K. Rathinavel St is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is stamp duty calculated for properties in W.K. Rathinavel St?

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