Guideline Value for Washer Varadappa (M) Street

Washer Varadappa (M) Street guideline value

The current guideline value of Washer Varadappa (M) Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the jurisdiction of the Royapuram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Washer Varadappa (M) Street has changed

Since the 2007 revision, the guideline value of Washer Varadappa (M) Street has seen significant changes. The 2007 revision set the value at Rs 700 per sq.ft. Following this, the 2023 revision increased the value to Rs 2,000 per sq.ft, marking a substantial increase of 186%. The latest revision in 2024 further raised the guideline value to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 214%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2012, and 2017 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value among these streets is Rs 1,600 per sq.ft, placing Washer Varadappa (M) Street's 2024 figure above this median.

• West Kalmandapam Road: Rs 4,900 per sq.ft (2024)
• V.P.Koil Street: Rs 2,200 per sq.ft (2024)
• V.P.Koil Lane: Rs 2,200 per sq.ft (2024)
• West Mada Church Street: Rs 3,800 per sq.ft (2024)
• West Veerakutty Street: Rs 1,300 per sq.ft (2024)
• Venkatesa(N) 5th Lane: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Washer Varadappa (M) Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Washer Varadappa (M) Street?

The Washer Varadappa (M) Street falls under the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Tondaiarpet, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties are aware of the official valuation.

During the registration process, the guideline value serves as a benchmark for the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations and to avoid any legal issues during the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Washer Varadappa (M) Street?

The current guideline value of Washer Varadappa (M) Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2007?

Since the 2007 revision, the guideline value has increased by 214%, from Rs 700 per sq.ft to Rs 2,200 per sq.ft in 2024.

What was the guideline value in 2023?

The guideline value of Washer Varadappa (M) Street in 2023 was Rs 2,000 per sq.ft.

Are there any revisions without figures for this street?

Yes, the revisions for the years 2002, 2003, 2012, and 2017 have no figures available for Washer Varadappa (M) Street.

Where is the Royapuram Sub Registrar Office located?

The Royapuram Sub Registrar Office is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.