Guideline Value for National Highway Road

National Highway Road guideline value

The current guideline value of National Highway Road in Vallam_B village is Rs 600 per sq.ft, effective from 1 July 2024. This street falls under the Sriperumpudur SRO and is classified as Commercial Class I Type - I.

How the guideline value of National Highway Road has changed

Over the years, the guideline value of National Highway Road has seen several revisions. The register has no figure for this street in the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the value at Rs 900 per sq.ft, which was then reduced by 33% to Rs 600 per sq.ft in the 2024 revision.

This significant decrease from the previous year highlights the fluctuations in the guideline value. The current figure of Rs 600 per sq.ft is now the most recent and applicable rate for transactions involving this property.

Guideline values in Vallam_B

In Vallam_B, there are 73 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,950 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing the National Highway Road guideline value above this median.

• Nadu Street: Rs 200 per sq.ft (2024)
• Muthamil Nagar: Rs 200 per sq.ft (2024)
• Murugan Nagar: Rs 400 per sq.ft (2024)
• Molakkalamman Koil Street: Rs 400 per sq.ft (2024)
• Mettu Street: Rs 400 per sq.ft (2024)
• Mariyamman Koil Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in National Highway Road

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers National Highway Road?

The National Highway Road is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Vallam_B. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives its due revenue from property sales.

When buying or selling property, it is essential to be aware of the current guideline value, as it can significantly impact the overall cost of the transaction. Buyers and sellers should always check the latest figures to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of National Highway Road?

The current guideline value of National Highway Road in Vallam_B is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2023 to Rs 600 per sq.ft in 2024, marking a decrease of 33%. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What is the land classification for National Highway Road?

National Highway Road is classified as Commercial Class I Type - I, which indicates its usage for commercial purposes.

Where can I find the Sriperumpudur Sub Registrar Office?

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

How is the stamp duty calculated for properties in Vallam_B?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, on a 1,000 sq.ft plot at Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000, leading to a stamp duty of Rs 42,000.