Guideline Value for Rayappar Street

Rayappar Street guideline value

The current guideline value of Rayappar Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Vallam_B village under the Sriperumpudur SRO and is classified as Residential Class III Type - I.

How the guideline value of Rayappar Street has changed

The guideline value for Rayappar Street has undergone several revisions over the years. The 2017 revision recorded a value of Rs 134 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 200 per sq.ft. The latest revision in 2024 has maintained this value at Rs 200 per sq.ft, indicating no change from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49% as well. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

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 guideline value for these streets is Rs 400 per sq.ft, placing Rayappar Street's 2024 figure below this median.

• Roja Nagar: Rs 400 per sq.ft (2024)
• Samayapurathamman Nagar: Rs 200 per sq.ft (2024)
• Sannathi Street: Rs 600 per sq.ft (2024)
• Santhaiyamman Koil Street: Rs 400 per sq.ft (2024)
• Raghavendra Nagar: Rs 400 per sq.ft (2024)
• Santhiyamman Koil 2nd Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Rayappar Street

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. Please 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 details.

Which Sub Registrar Office covers Rayappar Street?

The Sub Registrar Office that covers Rayappar Street is 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 property transactions in Vallam_B, as it determines the minimum value at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value, as it can affect the overall cost of the transaction. Understanding the guideline value helps ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Rayappar Street?

The current guideline value of Rayappar Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Rayappar Street has remained at Rs 200 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 134 per sq.ft in 2017 to 2023. Overall, there has been a 49% increase from 2017 to 2024.

What is the land classification for Rayappar Street?

Rayappar Street is classified as Residential Class III Type - I according to the local land classification regulations.

What are the stamp duty and registration fees for property in Rayappar Street?

For a property valued at Rs 2,00,000, the stamp duty is Rs 14,000 and the registration fee is Rs 4,000, totaling Rs 18,000. This is calculated based on the guideline value.

Which Sub Registrar Office covers Rayappar Street?

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