Guideline Value for wallers Road IIndLane

wallers Road IIndLane guideline value

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

How the guideline value of wallers Road IIndLane has changed

The guideline value for wallers Road IIndLane has seen several revisions over the years. In 2012, the value was set at Rs 12,000 per sq.ft, which then decreased to Rs 8,040 per sq.ft in 2017. Following this, the value increased significantly to Rs 12,000 per sq.ft in 2023, and most recently, it rose to Rs 13,200 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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, placing wallers Road IIndLane's 2024 figure above this median.

• Wallers Road IIIrd Lane: 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 IIndLane

For a 1,000 sq.ft plot at the current rate of Rs 13,200 per sq.ft, the guideline value amounts to Rs 1,32,00,000. The stamp duty at 7% would be Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, totaling Rs 11,88,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers wallers Road IIndLane?

The Sub Registrar Office that covers wallers Road IIndLane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during property transactions in Chindadripet. It is used to determine the stamp duty and registration fees that need to be paid when a property is sold or purchased. Buyers should be aware that the guideline value is the basis for these calculations and can influence the overall cost of the transaction.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. 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 wallers Road IIndLane?

The current guideline value of wallers Road IIndLane 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 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 IIndLane?

wallers Road IIndLane is classified as Commercial Special Type - III.

What are the stamp duty and registration fees for wallers Road IIndLane?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 11,88,000 based on the current guideline value.

Which office handles registrations for wallers Road IIndLane?

The Periamet Sub Registrar Office handles registrations for wallers Road IIndLane, located at 1103, Poonamallee High Road, Chennai-600 003.