Guideline Value for THILLAIYADI VALLIAMMAI STREET

Thillaiyadi Valliammai Street guideline value

The current guideline value of Thillaiyadi Valliammai Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Arasankalani village and falls under the Selaiyur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Thillaiyadi Valliammai Street has changed

The guideline value for Thillaiyadi Valliammai Street has seen several revisions over the years. In 2012, the guideline value was Rs 1,200 per sq.ft, which remained the same until the next revision in 2017, where it dropped to Rs 804 per sq.ft. However, from 2017 to 2023, there was a significant increase to Rs 1,200 per sq.ft, followed by another increase to Rs 1,300 per sq.ft in the 2024 revision, marking an 8% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Arasankalani

In Arasankalani, there are 85 streets under the Selaiyur SRO that have a guideline value for 2024, ranging from Rs 1,300 to Rs 4,750 per sq.ft. The median value for these streets is Rs 2,100 per sq.ft, making the guideline value of Thillaiyadi Valliammai Street below that median.

• Thazhambur Main Road: Rs 2,100 per sq.ft (2024)
• Thirupur Kumaran Street: Rs 1,300 per sq.ft (2024)
• Sundar Nagar: Rs 1,900 per sq.ft (2024)
• Subbulakshmi Street: Rs 1,300 per sq.ft (2024)
• Vaibhavs Thullia: Rs 2,190 per sq.ft (2024)
• Vasanthapuram: Rs 2,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thillaiyadi Valliammai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total fees to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thillaiyadi Valliammai Street?

The Sub Registrar Office that covers Thillaiyadi Valliammai Street 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 Arasankalani

The guideline value plays a crucial role when buying or selling property in Arasankalani. It is the basis for calculating the stamp duty and registration fees during the transaction process. Buyers should be aware that the guideline value is used to determine the minimum value on which these fees are calculated.

When a property is registered, the guideline value ensures that the transaction reflects a fair value according to government standards. This helps maintain transparency in property transactions and ensures that all parties are aware of the fees involved.

Frequently asked questions

What is the current guideline value of Thillaiyadi Valliammai Street?

The current guideline value of Thillaiyadi Valliammai Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024.

What is the land classification for Thillaiyadi Valliammai Street?

The land classification for Thillaiyadi Valliammai Street is Residential Class III 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 properties in Thillaiyadi Valliammai Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 1,17,000.