Guideline Value for Chinna Valarpuram Mainroad

Chinna Valarpuram Mainroad guideline value

The current guideline value of Chinna Valarpuram Mainroad is Rs 400 per sq.ft, effective from 1 July 2024. This road is located in Valarpuram village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Chinna Valarpuram Mainroad has changed

Over the years, the guideline value for Chinna Valarpuram Mainroad has seen several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged in the 2023 revision. The 2017 revision recorded a lower value of Rs 268 per sq.ft, indicating a decrease of 33% from the previous figure. The register has no figures for the years 2002, 2003, and 2007.

In the latest revision effective from 1 July 2024, the guideline value is again Rs 400 per sq.ft, reflecting no change from the 2023 revision. Notably, from 2017 to 2023, there was a significant increase of 49%. Overall, comparing the values from 2012 to 2024, the guideline value has remained stable with no change.

Guideline values in Valarpuram

Valarpuram village has a total of 91 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 2,025 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, making the Chinna Valarpuram Mainroad's 2024 figure of Rs 400 per sq.ft above the median.

• Chiyan Nagar: Rs 200 per sq.ft (2024)
• Chettiyar Street: Rs 200 per sq.ft (2024)
• Budhar Street: Rs 200 per sq.ft (2024)
• Devi Karumariamman Nagar: Rs 300 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 300 per sq.ft (2024)
• Dharma Varadhamani Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Chinna Valarpuram Mainroad

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total charges to Rs 36,000. 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 Chinna Valarpuram Mainroad?

The Sub Registrar Office that covers Chinna Valarpuram Mainroad is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Valarpuram. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is assessed to ensure that the correct fees are collected. Buyers should be aware that the stamp duty is applied on the higher value between the guideline value and the sale price.

Frequently asked questions

What is the current guideline value of Chinna Valarpuram Mainroad?

The current guideline value of Chinna Valarpuram Mainroad is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 400 per sq.ft in 2024, which is unchanged from 2023. The value was Rs 268 per sq.ft in 2017, indicating a significant increase of 49% by 2023.

What is the land classification for Chinna Valarpuram Mainroad?

Chinna Valarpuram Mainroad is classified as Residential Class I Type - I, which reflects its intended use for residential purposes.

What are the stamp duty rates for property in Valarpuram?

The stamp duty rate is 7% on the guideline value or the sale price, whichever is higher. This is applicable during the registration process for properties in Valarpuram.

Where can I find the Sub Registrar Office for Chinna Valarpuram Mainroad?

The Sub Registrar Office for Chinna Valarpuram Mainroad is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.