Guideline Value for wallers Road Ist Lane

wallers Road Ist Lane guideline value

The current guideline value of wallers Road Ist 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 Ist Lane has changed

Starting from the 2012 revision, the guideline value for wallers Road Ist Lane was Rs 12,000 per sq.ft. This figure remained the same until the 2017 revision, where it decreased to Rs 8,040 per sq.ft, marking a 33% reduction. The value then increased significantly to Rs 12,000 per sq.ft in the 2023 revision, followed by a further increase to Rs 13,200 per sq.ft in the 2024 revision, which represents a 10% rise from the previous year.

In summary, the guideline value saw a notable increase of 49% from 2017 to 2023. Overall, from the 2012 revision to the 2024 revision, 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

Chindadripet village has a total of 98 streets under the Periamet SRO, with 2024 guideline values ranging from Rs 2,500 to Rs 18,100 per sq.ft. The median guideline value in this village is Rs 3,300 per sq.ft, and wallers Road Ist Lane's 2024 figure is above that median.

• wallers Road IIndLane: Rs 13,200 per sq.ft (2024)
• Wallers Road Road: Rs 16,500 per sq.ft (2024)
• Wallers Road IIIrd Lane: Rs 13,200 per sq.ft (2024)
• West Coovam riverRoad: 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 Ist 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 at 7% would be Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, leading to a total of Rs 11,88,000. 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 detailed calculations.

Which Sub Registrar Office covers wallers Road Ist Lane?

The Sub Registrar Office that covers wallers Road Ist Lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. For more information, you can find your SRO.

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 value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of wallers Road Ist Lane?

The current guideline value of wallers Road Ist 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 Ist Lane?

The land classification for wallers Road Ist Lane is Commercial Special Type - III.

Where is the Sub Registrar Office located?

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

How is stamp duty calculated for properties in wallers Road Ist Lane?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 9,24,000.