Guideline Value for Syed Vallal Yusuf Nagar

Syed Vallal Yusuf Nagar guideline value

The current guideline value of Syed Vallal Yusuf Nagar is Rs 850 per sq.ft, effective from 1 July 2024. This area is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Class V Type - I.

How the guideline value of Syed Vallal Yusuf Nagar has changed

The guideline value for Syed Vallal Yusuf Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, it saw a decrease to Rs 536 per sq.ft in 2017. The value then rose to Rs 800 per sq.ft in 2023, and currently stands at Rs 850 per sq.ft as of the 2024 revision.

Between these revisions, the changes are notable. From 2007 to 2012, there was a substantial increase of 300%. However, from 2012 to 2017, the value decreased by 33%. The value then increased by 49% from 2017 to 2023, and there has been a 6% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 325%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft, with a median of Rs 2,200 per sq.ft. The guideline value of Syed Vallal Yusuf Nagar is below this median.

• Tejraj colony: Rs 1,300 per sq.ft (2024)
• Suresh Nagar: Rs 1,300 per sq.ft (2024)
• Sundar Nagar Rajeswari Nagar Extn: Rs 1,300 per sq.ft (2024)
• Sundar Nagar: Rs 1,300 per sq.ft (2024)
• Sundareswarar Koil Street: Rs 2,200 per sq.ft (2024)
• Sundaram Smart City Phase I: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Syed Vallal Yusuf Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 850 per sq.ft, the total guideline value would be Rs 8,50,000. The stamp duty at 7% would amount to Rs 59,500, and the registration fee at 2% would be Rs 17,000, making the total charges Rs 76,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Syed Vallal Yusuf Nagar?

The Sub Registrar Office that covers Syed Vallal Yusuf Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Selaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps to establish a fair transaction price. Buyers and sellers should be aware that the guideline value may differ from the market price, and the higher of the two will be used for calculating stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Syed Vallal Yusuf Nagar?

The current guideline value of Syed Vallal Yusuf Nagar is Rs 850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 200 per sq.ft in 2007 to Rs 850 per sq.ft in 2024, showing an overall increase of 325% from 2007 to 2024.

What is the land classification of Syed Vallal Yusuf Nagar?

Syed Vallal Yusuf Nagar is classified as Residential Class V Type - I.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for property in Syed Vallal Yusuf Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 59,500 at 7%.