Guideline Value for VALARMATHI NAGAR

Valarmathi Nagar guideline value

The current guideline value of Valarmathi Nagar is Rs 840 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village, under the Avadi SRO, and is classified as Residential Class II Type - II.

How the guideline value of Valarmathi Nagar has changed

In the 2017 revision, the guideline value for Valarmathi Nagar was Rs 737 per sq.ft. This figure increased to Rs 800 per sq.ft in the 2023 revision, marking a change of 9%. The most recent revision in 2024 saw another increase to Rs 840 per sq.ft, which is a 5% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 14%. For the years 2002, 2003, 2007, and 2012, the register has no figure for this street.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft, with a median value of Rs 750 per sq.ft. Valarmathi Nagar's 2024 figure of Rs 840 per sq.ft is above this median.

• Vadivelan Nagar: Rs 750 per sq.ft (2024)
• T.V.S.Nagar: Rs 840 per sq.ft (2024)
• Vasantham Nagar: Rs 750 per sq.ft (2024)
• Vasantham Nagar Extn: Rs 750 per sq.ft (2024)
• T.R.R.Nagar & Streets: Rs 750 per sq.ft (2024)
• Vatchalapuram 1st Street: Rs 840 per sq.ft (2024)

Stamp duty and registration fee for property in Valarmathi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 840 per sq.ft, the guideline value amounts to Rs 8,40,000. The stamp duty at 7% would be Rs 58,800, and the registration fee at 2% would be Rs 16,800, totaling Rs 75,600. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Valarmathi Nagar?

The Sub Registrar Office that covers Valarmathi Nagar is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is a crucial factor during the registration of property transactions in Thiruninravur-A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property transfer.

When buying or selling property, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Valarmathi Nagar?

The current guideline value of Valarmathi Nagar is Rs 840 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 737 per sq.ft in 2017 to Rs 800 per sq.ft in 2023, and then to Rs 840 per sq.ft in 2024. This reflects a total increase of 14% from 2017 to 2024.

What is the land classification of Valarmathi Nagar?

Valarmathi Nagar is classified as Residential Class II Type - II. This classification impacts the guideline value applicable to properties in the area.

Where can I find the Sub Registrar Office for Valarmathi Nagar?

The Sub Registrar Office for Valarmathi Nagar is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Valarmathi Nagar?

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 Rs 840 per sq.ft, the total guideline value would be Rs 8,40,000, leading to a stamp duty of Rs 58,800.