Guideline Value for VALALAR STREET

Valalar Street guideline value

The current guideline value of Valalar Street in Pallikaranai village is Rs 1,320 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Residential Class IV Type - II.

How the guideline value of Valalar Street has changed

The guideline value for Valalar Street has seen revisions over the years. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, an increase from Rs 1,200 per sq.ft in the 2012 revision. This represents a change of +10% from the previous figure.

There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this street in the register. Thus, the only revisions available are from 2012 and 2024.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, making Valalar Street's current value below that median.

• Vallal Pari 10 Th St: Rs 1,320 per sq.ft (2024)
• Vallal Pari 1st Street: Rs 1,320 per sq.ft (2024)
• Vallal Pari Nagar: Rs 1,320 per sq.ft (2024)
• Vallal Pari Nagar 11th St: Rs 1,320 per sq.ft (2024)
• Vallal Pari Nagar 12th St: Rs 1,320 per sq.ft (2024)
• Vallal Pari Nagar 13th St: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Valalar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. 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 further calculations.

Which Sub Registrar Office covers Valalar Street?

The Sub Registrar Office that covers Valalar Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Pallikaranai. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Valalar Street?

The current guideline value of Valalar Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From the 2012 revision to the 2024 revision, the guideline value increased from Rs 1,200 per sq.ft to Rs 1,320 per sq.ft, representing a change of +10%.

What is the median guideline value in Pallikaranai?

The median guideline value in Pallikaranai is Rs 1,650 per sq.ft, which is higher than the current value of Valalar Street.

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

For a property of 1,000 sq.ft at the guideline value of Rs 1,320 per sq.ft, the total stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Where can I find the Sub Registrar Office for Valalar Street?

The Sub Registrar Office for Valalar Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.