Guideline Value for VALARMATHI NAGAR

Valarmathi Nagar guideline value

The current guideline value of Valarmathi Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under Pulikoradu village and is registered with the Madurandakam SRO. The land classification for this locality is Commercial Class I Type - I.

How the guideline value of Valarmathi Nagar has changed

Over the years, the guideline value of Valarmathi Nagar has undergone several revisions. The most recent revision in 2024 maintains the guideline value at Rs 100 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the value was Rs 67 per sq.ft, indicating a significant increase of 49% from 2017 to 2023. The 2012 revision also recorded a value of Rs 100 per sq.ft, showing a decrease of 33% from the 2012 to 2017 period. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 100 per sq.ft.

It is important to note that there are no recorded figures for the revisions in 2002, 2003, and 2007 for Valarmathi Nagar. This lack of data means that the guideline value history for this street is limited to the revisions from 2012 onwards.

Guideline values in Pulikoradu

Currently, the guideline value for Valarmathi Nagar is Rs 100 per sq.ft. In comparison, other streets in Pulikoradu under the Madurandakam SRO have varying guideline values. Below is a list of these streets:

• J J Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Valarmathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, while the registration fee at 2% would be Rs 2,000, bringing the total fees together to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Valarmathi Nagar?

The Sub Registrar Office that covers Valarmathi Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Pulikoradu. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that transactions are conducted at a standardized value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential components of the registration process. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Valarmathi Nagar?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft from 2012 to 2024, with a significant increase from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023.

What is the stamp duty rate for properties in Valarmathi Nagar?

The stamp duty rate for properties in Valarmathi Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Valarmathi Nagar located?

The Sub Registrar Office for Valarmathi Nagar is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

Are there other streets in Pulikoradu with different guideline values?

Yes, there are other streets in Pulikoradu with different guideline values. For example, J J Nagar has a guideline value of Rs 200 per sq.ft as of 2024.