Guideline Value for W.T.NATARAJAN ST

W.T.Natarajan St guideline value

The current guideline value of W.T.Natarajan St is Rs 500 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 I Type - III.

How the guideline value of W.T.Natarajan St has changed

In the 2012 revision, the guideline value was set at Rs 500 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 335 per sq.ft, marking a decline of 33%. However, the value increased significantly to Rs 500 per sq.ft in the 2023 revision, and it has remained the same in the 2024 revision, resulting in an overall change of 0% from 2012 to 2024.

The 2023 revision maintained the value at Rs 500 per sq.ft, showing no change from the previous year. The most notable change occurred between the 2017 and 2023 revisions, where the value increased by 49%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Walajabad

Walajabad village has a total of 196 streets under the Walajabad SRO, with guideline values ranging from Rs 400 to Rs 2,000 per sq.ft as of 2024. The median guideline value in the village is Rs 750 per sq.ft, placing W.T.Natarajan St's 2024 figure below that median.

• W.K. Rathinavel St: Rs 750 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.T.Natarajan St

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers W.T.Natarajan St?

The Sub Registrar Office that covers W.T.Natarajan St 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 is a crucial factor when registering property in Walajabad, as it determines the minimum value at which the property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

When a property is sold, the guideline value serves as a reference point for calculating stamp duty and registration fees. This ensures that the fees are appropriately assessed based on the property's value as determined by the local authorities.

Frequently asked questions

What is the current guideline value of W.T.Natarajan St?

The current guideline value of W.T.Natarajan St is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft since 2012, with a decrease to Rs 335 per sq.ft in 2017, followed by an increase back to Rs 500 per sq.ft in 2023 and 2024.

What is the land classification for W.T.Natarajan St?

W.T.Natarajan St is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where can I find the registration office for W.T.Natarajan St?

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

How is the stamp duty calculated for property in W.T.Natarajan St?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 500 per sq.ft, the total guideline value is Rs 5,00,000, leading to a stamp duty of Rs 35,000.