Guideline Value for Walajabad Road

Walajabad Road guideline value

The current guideline value of Walajabad Road in Atanancheri village is Rs 2,500 per sq.ft, effective from 1 July 2024. This area falls under the Gooduvancheri SRO and is classified as Mixed Special Type - I.

How the guideline value of Walajabad Road has changed

Over the years, the guideline value of Walajabad Road has seen several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which remained unchanged until the 2024 revision. In contrast, the 2017 revision saw a decrease to Rs 1,675 per sq.ft, marking a 33% drop from the previous figure. However, this was followed by a significant increase of 49% in the 2023 revision, bringing it back to Rs 2,500 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From the 2012 revision to the 2024 revision, the overall change is 0%. The guideline value has remained stable at Rs 2,500 per sq.ft since the 2023 revision, indicating no change from the previous year. The fluctuations in values highlight the varying trends in the area's property assessments over time.

Guideline values in Atanancheri

Atanancheri village features 83 streets under the Gooduvancheri SRO, with values ranging from Rs 400 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, placing Walajabad Road's 2024 figure above this median.

• V.S.Nagar Part -II: Rs 1,500 per sq.ft (2024)
• Winneer Form: Rs 800 per sq.ft (2024)
• Vimal Nagar: Rs 600 per sq.ft (2024)
• Vigneshwara Nagar: Rs 600 per sq.ft (2024)
• Vedhadri Maharishi Nagar: Rs 600 per sq.ft (2024)
• Vasantha Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Walajabad Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value amounts to Rs 25,00,000. The stamp duty at 7% would be Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, bringing the total cost for these fees to Rs 2,25,000. 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 more precise calculations based on your specific property details.

Which Sub Registrar Office covers Walajabad Road?

The Walajabad Road falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

To find more information about this office, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Atanancheri. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the assessed value of the property.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Walajabad Road?

The current guideline value of Walajabad Road in Atanancheri village is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,500 per sq.ft since the 2023 revision. It previously saw a decrease to Rs 1,675 per sq.ft in 2017 and was set at Rs 2,500 per sq.ft in 2012.

What is the median guideline value in Atanancheri?

The median guideline value for the 83 streets in Atanancheri is Rs 700 per sq.ft. Walajabad Road's current value is above this median.

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

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 25,00,000. The stamp duty would be Rs 1,75,000, and the registration fee would be Rs 50,000, totaling Rs 2,25,000.

Which office handles registrations for Walajabad Road?

The Gooduvancheri Sub Registrar Office handles registrations for Walajabad Road, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.