Guideline Value for Tilaiyadi Valliammai Street

Tilaiyadi Valliammai Street guideline value

The current guideline value of Tilaiyadi Valliammai Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village, under the Virugambakkam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Tilaiyadi Valliammai Street has changed

The guideline value for Tilaiyadi Valliammai Street has undergone several revisions over the years. The earliest recorded figure is from 2002, where the value was Rs 1,681 per sq.ft. This increased to Rs 1,836 per sq.ft in 2003, marking a change of +9%. In 2007, the value rose significantly to Rs 2,100 per sq.ft, reflecting an increase of +14%. The next revision in 2012 saw a drop to Rs 4,500 per sq.ft, a decrease of -33%. However, the value rebounded to Rs 3,015 per sq.ft in 2017, which was a +49% increase. The most recent revisions show the value at Rs 4,500 per sq.ft in 2023, followed by the current value of Rs 4,950 per sq.ft in 2024, representing a +10% increase.

Throughout these revisions, there have been no figures recorded for the years not mentioned in the register. Overall, from 2002 to 2024, the guideline value has increased by +194%.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, placing Tilaiyadi Valliammai Street's 2024 figure above that median.

• Thiyagi Sankaralingam Street: Rs 3,300 per sq.ft (2024)
• Thiruvengadam Swamy Street: Rs 3,300 per sq.ft (2024)
• Thiruvengadam Mudali Street: Rs 3,300 per sq.ft (2024)
• Thiruvalluvar Street: Rs 3,850 per sq.ft (2024)
• Valampuri Vinayagar Koil Street: Rs 3,300 per sq.ft (2024)
• Valmiki Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Tilaiyadi Valliammai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, bringing the total to Rs 4,45,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Tilaiyadi Valliammai Street?

The Sub Registrar Office that covers Tilaiyadi Valliammai Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value plays a crucial role during property transactions in Saligramam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. This ensures that the government receives appropriate revenue from property transactions.

When registering a property, the guideline value is considered to ensure that the transaction is recorded at a fair value. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Tilaiyadi Valliammai Street?

The current guideline value for Tilaiyadi Valliammai Street is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,681 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, showing a total increase of +194% over the years.

What is the median guideline value for streets in Saligramam?

The median guideline value for the 333 streets in Saligramam is Rs 4,400 per sq.ft, with Tilaiyadi Valliammai Street's current value above this median.

What are the stamp duty and registration fees for properties on this street?

For a property valued at the current guideline value of Rs 49,50,000, the stamp duty would be Rs 3,46,500, and the registration fee would be Rs 99,000, totaling Rs 4,45,500.

Which office handles the registration of properties in Tilaiyadi Valliammai Street?

The registration of properties in Tilaiyadi Valliammai Street is handled by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.