Guideline Value for WALAJABAD CO -OPERATIVE NAGAR

Walajabad Co -Operative Nagar guideline value

The current guideline value of Walajabad Co -Operative Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This locality is situated in Thammanur village and falls under the Walajabad SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Walajabad Co -Operative Nagar has changed

The guideline value for Walajabad Co -Operative Nagar has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 300 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 201 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From the 2017 to 2023 revision, there was an increase of 49%, and overall, from 2017 to 2024, the guideline value has also increased by 49%. The consistency in the guideline value from 2023 to 2024 indicates stability in this period.

Guideline values in Thammanur

In Thammanur, there are 16 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 448 per sq.ft. The median value for these streets is Rs 300 per sq.ft, making the guideline value for Walajabad Co -Operative Nagar equal to this median.

• Yogalakshmi Nagar: Rs 300 per sq.ft (2024)
• Vettri Nagar Pase-1: Rs 150 per sq.ft (2024)
• Sri Sathya Nagar: Rs 300 per sq.ft (2024)
• Sri Sai City: Rs 200 per sq.ft (2024)
• Sri Balaji Nagar: Rs 150 per sq.ft (2024)
• Solar Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Walajabad Co -Operative Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, while the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Walajabad Co -Operative Nagar?

The Walajabad Co -Operative Nagar 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 Thammanur

The guideline value is a critical factor when registering property transactions in Thammanur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When buyers and sellers engage in property transactions, the guideline value helps ensure that the transaction is recorded accurately, reflecting the value of the property as per government regulations. This process is essential for legal ownership transfer and compliance with local laws.

Frequently asked questions

What is the current guideline value of Walajabad Co -Operative Nagar?

The current guideline value of Walajabad Co -Operative Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2023 to 2024, and it increased by 49% from Rs 201 per sq.ft in 2017 to the current value.

What is the land classification for Walajabad Co -Operative Nagar?

The land classification for Walajabad Co -Operative Nagar is Residential Special Type - I.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

Where is the Walajabad Sub Registrar Office located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.