Guideline Value for Walajabad Main Road

Walajabad Main Road guideline value

The current guideline value of Walajabad Main Road is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Thundalkazhani village under the Padappai SRO, classified as Residential Special Type - I.

How the guideline value of Walajabad Main Road has changed

The guideline value for Walajabad Main Road has undergone several revisions over the years. In 2012, the value was Rs 700 per sq.ft, which decreased to Rs 469 per sq.ft in 2017. The 2017 to 2023 period saw a significant increase of 49%, bringing the value up to Rs 700 per sq.ft. The latest revision in 2024 increased the value to Rs 770 per sq.ft, reflecting a 10% rise from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thundalkazhani

In Thundalkazhani, there are 10 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,500 per sq.ft. The median value among these streets is Rs 770 per sq.ft, which is equal to the guideline value of Walajabad Main Road.

• Sudhagar Nagar: Rs 770 per sq.ft (2024)
• Sri Moogambigai Nagar: Rs 440 per sq.ft (2024)
• Ramaiah Nagar Extension: Rs 2,500 per sq.ft (2024)
• Ramaiah Nagar: Rs 550 per sq.ft (2024)
• M.R.T.Nagar: Rs 660 per sq.ft (2024)
• Manimangalam Road: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Walajabad Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty, charged at 7%, would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total fees to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Walajabad Main Road?

The Sub Registrar Office covering Walajabad Main Road is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Thundalkazhani. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official valuation of the property.

When buying or selling property, the guideline value is used to assess the legal and financial obligations associated with the transaction. Buyers and sellers must be aware of this value to ensure compliance with local regulations and to accurately estimate the costs involved in the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Walajabad Main Road?

The current guideline value of Walajabad Main Road is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the land classification for Walajabad Main Road?

Walajabad Main Road is classified as Residential Special Type - I under the Padappai SRO.

What are the stamp duty and registration fees for property in Walajabad Main Road?

For a 1,000 sq.ft plot, the total guideline value is Rs 7,70,000, with a stamp duty of Rs 53,900 and a registration fee of Rs 15,400, totaling Rs 69,300.

Which office handles registrations for Walajabad Main Road?

The Padappai Sub Registrar Office handles registrations for Walajabad Main Road, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.