Guideline Value for Wallers Road IIIrd Lane

Wallers Road IIIrd Lane guideline value

The current guideline value of Wallers Road IIIrd Lane is Rs 13,200 per sq.ft, effective from 1 July 2024. This street is located in Chindadripet village under the Periamet SRO, classified as Commercial Special Type - III.

How the guideline value of Wallers Road IIIrd Lane has changed

The guideline value for Wallers Road IIIrd Lane has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 12,000 per sq.ft. This figure was later revised in 2017 to Rs 8,040 per sq.ft, reflecting a decrease of 33%. In 2023, the value increased significantly to Rs 12,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 13,200 per sq.ft, marking an increase of 10% from the previous year.

There are no recorded figures for Wallers Road IIIrd Lane in the revisions for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Chindadripet

In Chindadripet, there are 98 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,500 to Rs 18,100 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, indicating that Wallers Road IIIrd Lane's 2024 figure is above this median.

• wallers Road IIndLane: Rs 13,200 per sq.ft (2024)
• wallers Road Ist Lane: Rs 13,200 per sq.ft (2024)
• Wallers Road Road: Rs 16,500 per sq.ft (2024)
• West Coovam rive rRoad: Rs 4,900 per sq.ft (2024)
• Venkatesa Gramani Street: Rs 3,800 per sq.ft (2024)
• Veeramman Koil Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Wallers Road IIIrd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value amounts to Rs 1,32,00,000. The stamp duty is charged at 7%, resulting in Rs 9,24,000, while the registration fee at 2% totals Rs 2,64,000. The combined total for these fees is Rs 11,88,000. It is important to note that 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.

Which Sub Registrar Office covers Wallers Road IIIrd Lane?

The Sub Registrar Office that covers Wallers Road IIIrd Lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Chindadripet. It serves as a benchmark for determining the minimum price at which a property can be sold or bought, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Wallers Road IIIrd Lane?

The current guideline value of Wallers Road IIIrd Lane is Rs 13,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 12,000 per sq.ft in 2012 to Rs 8,040 per sq.ft in 2017, then back to Rs 12,000 per sq.ft in 2023, and finally to Rs 13,200 per sq.ft in 2024.

What is the land classification for Wallers Road IIIrd Lane?

Wallers Road IIIrd Lane is classified as Commercial Special Type - III under the Periamet SRO.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Wallers Road IIIrd Lane is charged at 7% on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for Wallers Road IIIrd Lane?

The Periamet Sub Registrar Office is located at 1103, Poonamallee High Road, Chennai-600 003, covering Wallers Road IIIrd Lane.