Guideline Value for Stalin Nagar

Stalin Nagar guideline value

The current guideline value of Stalin Nagar, located in Vayaloor village under the Sunguvarchattram SRO, is Rs 155 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Stalin Nagar has changed

The guideline value for Stalin Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 150 per sq.ft, which then decreased to Rs 100 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 150 per sq.ft in the 2023 revision, marking a 50% increase from the 2017 figure. The most recent 2024 revision has further raised the guideline value to Rs 155 per sq.ft, reflecting a 3% increase from the previous year.

It is important to note that there are no recorded figures for Stalin Nagar in the revisions of 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 3%.

Guideline values in Vayaloor

In Vayaloor, there are 18 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 105 to Rs 155 per sq.ft. The median value for these streets is Rs 105 per sq.ft, placing Stalin Nagar's 2024 figure above this median.

• Surakapuram Arunthathipuram North Street: Rs 105 per sq.ft (2024)
• Surakapuram irular Colony: Rs 105 per sq.ft (2024)
• Surakapuram Melandai Street: Rs 105 per sq.ft (2024)
• Surakapuram Nadu Street: Rs 105 per sq.ft (2024)
• Surakapuram Perumal Kovil Street: Rs 105 per sq.ft (2024)
• Utchimedu: Rs 105 per sq.ft (2024)

Stamp duty and registration fee for property in Stalin Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 155 per sq.ft, the total guideline value would be Rs 1,55,000. The stamp duty at 7% would amount to Rs 10,850, while the registration fee at 2% would be Rs 3,100. This results in a total of Rs 13,950 for stamp duty and registration fees. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Stalin Nagar?

The Sub Registrar Office that covers Stalin Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Vayaloor. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers should be aware of the current guideline value to ensure they comply with the legal requirements during the registration process.

When registering a property, the guideline value is compared with the sale price, and the higher amount 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 Stalin Nagar?

The current guideline value of Stalin Nagar is Rs 155 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then increased to Rs 150 per sq.ft in 2023, and finally to Rs 155 per sq.ft in 2024.

What are the other streets in Vayaloor and their guideline values?

Other streets in Vayaloor include Surakapuram Arunthathipuram North Street, Surakapuram irular Colony, Surakapuram Melandai Street, Surakapuram Nadu Street, Surakapuram Perumal Kovil Street, and Utchimedu, all of which have a guideline value of Rs 105 per sq.ft in 2024.

What is the stamp duty rate for properties in Stalin Nagar?

The stamp duty rate for properties in Stalin Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Stalin Nagar located?

The Sub Registrar Office for Stalin Nagar is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone.