Guideline Value for Stalin Street

Stalin Street guideline value

The current guideline value of Stalin Street is Rs 1,500 per sq.ft. This street is located in Vandalur village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Stalin Street has changed

Over the years, the guideline value of Stalin Street has seen several revisions. The 2007 revision set the value at Rs 550 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2012 revision. However, this value remained unchanged in the 2012 to 2017 period, where the guideline value dropped to Rs 1,005 per sq.ft. The most recent revision in 2023 brought the value back up to Rs 1,500 per sq.ft, marking a 49% increase from the previous revision.

From 2007 to 2012, there was a substantial increase of 173%, but the subsequent revisions from 2012 to 2017 saw a decrease of 33%. Overall, from 2007 to 2023, the guideline value has increased by 173%. The register does not provide figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Vandalur

Currently, there are no specific guideline values for other streets in Vandalur listed. Stalin Street's guideline value is Rs 1,500 per sq.ft, as noted above.

Stamp duty and registration fee for property in Stalin Street

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Stalin Street?

The Gooduvancheri Sub Registrar Office covers Stalin Street. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vandalur. It serves as a benchmark for determining the minimum value of the property for registration purposes, ensuring that the transaction is recorded at a fair value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Stalin Street?

The current guideline value of Stalin Street is Rs 1,500 per sq.ft, as per the 2023 revision.

How much has the guideline value changed over the years?

The guideline value has changed significantly, with an increase from Rs 550 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then a decrease to Rs 1,005 per sq.ft in 2017, and finally returning to Rs 1,500 per sq.ft in 2023.

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

For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Which Sub Registrar Office covers Stalin Street?

The Gooduvancheri Sub Registrar Office covers Stalin Street, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Is there a guideline value for 2024 for Stalin Street?

No, the register does not provide a guideline value for Stalin Street for the year 2024.