Guideline Value for wahab Nagar

wahab Nagar guideline value

The current guideline value of wahab Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village under the Thirukazhukundram SRO, classified as Commercial Class I Type - III.

How the guideline value of wahab Nagar has changed

The guideline value for wahab Nagar has seen several revisions over the years. The most recent revisions show that the value remained at Rs 1,100 per sq.ft for both 2023 and 2024, indicating no change from the previous year. Prior to that, in 2017, the guideline value was Rs 737 per sq.ft, reflecting a significant increase of 49% to the current value.

There are no figures available for wahab Nagar in the revisions from 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 1,344 per sq.ft. The median guideline value for these streets is Rs 600 per sq.ft, placing wahab Nagar's 2024 figure above this median.

• West Kulam Street: Rs 400 per sq.ft (2024)
• West Street Mangalam: Rs 400 per sq.ft (2024)
• V.O.C.Nagar: Rs 600 per sq.ft (2024)
• Vellazhar Street: Rs 600 per sq.ft (2024)
• Varasithi Vinayagar Koil Street: Rs 400 per sq.ft (2024)
• Vaniyar Street: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in wahab Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total charges to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers wahab Nagar?

wahab Nagar falls under the jurisdiction of the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Thirukalukundrem A. It serves as a base value for calculating stamp duty and registration fees, ensuring that transactions are recorded accurately and transparently.

When buying or selling property, it is essential to be aware of the guideline value as it affects the overall cost of the transaction. Buyers should ensure that they are prepared for the associated fees based on this value.

Frequently asked questions

What is the current guideline value of wahab Nagar?

The current guideline value of wahab Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for wahab Nagar has remained at Rs 1,100 per sq.ft from 2023 to 2024. It increased from Rs 737 per sq.ft in 2017, marking a 49% rise overall from 2017 to 2024.

What is the median guideline value in Thirukalukundrem A?

The median guideline value for streets in Thirukalukundrem A is Rs 600 per sq.ft. wahab Nagar's guideline value is above this median.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions is 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Which office handles the registration of properties in wahab Nagar?

The registration of properties in wahab Nagar is handled by the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.