Guideline Value for VALAMPURI NAGAR

Valampuri Nagar guideline value

The current guideline value of Valampuri Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Gunippalaiyam village and falls under the Oothukkottai SRO with a land classification of Residential Class I Type - I.

How the guideline value of Valampuri Nagar has changed

In the 2017 revision, the guideline value for Valampuri Nagar was set at Rs 50 per sq.ft. This figure remained unchanged until the 2023 revision, where it was revised to Rs 100 per sq.ft. The 2024 revision also maintains the guideline value at Rs 100 per sq.ft, showing no percentage change from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 100%. It is important to note that the register has no figures for this street for the years 2002, 2003, 2007, and 2012.

Guideline values in Gunippalaiyam

In Gunippalaiyam, there are 11 streets under the Oothukkottai SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 100 per sq.ft, with a median value of Rs 100 per sq.ft. Valampuri Nagar's 2024 figure is equal to this median.

• V.R.G. Nagar: Rs 100 per sq.ft (2024)
• Sri Valampuri Nagar: Rs 100 per sq.ft (2024)
• Sri Muthu Nagar: Rs 100 per sq.ft (2024)
• Sri Bavani Amman Nagar: Rs 100 per sq.ft (2024)
• Mothinagar Annex: Rs 100 per sq.ft (2024)
• Mothi Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Valampuri Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty is charged at 7%, which totals Rs 7,000, and the registration fee is charged at 2%, amounting to Rs 2,000. Together, the total fees would be Rs 9,000. 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 information.

Which Sub Registrar Office covers Valampuri Nagar?

The Sub Registrar Office that covers Valampuri Nagar is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Gunippalaiyam. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

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

Frequently asked questions

What is the current guideline value of Valampuri Nagar?

The current guideline value of Valampuri Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Valampuri Nagar has increased from Rs 50 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, reflecting a 100% increase overall from 2017 to 2024.

What are the other streets with the same guideline value in Gunippalaiyam?

Other streets in Gunippalaiyam that share the same guideline value of Rs 100 per sq.ft include V.R.G. Nagar, Sri Valampuri Nagar, Sri Muthu Nagar, Sri Bavani Amman Nagar, Mothinagar Annex, and Mothi Nagar.

What are the fees associated with property registration in Valampuri Nagar?

For a plot size of 1,000 sq.ft at the guideline value of Rs 100 per sq.ft, the total guideline value is Rs 1,00,000. The stamp duty is 7% (Rs 7,000) and the registration fee is 2% (Rs 2,000), bringing the total fees to Rs 9,000.

Which office handles registrations for Valampuri Nagar?

The Oothukkottai Sub Registrar Office handles registrations for Valampuri Nagar. It is located near the government hospital in Uthukottai, 602026, Chennai registration zone.