Guideline Value for VALARMATHI NAGAR

Valarmathi Nagar guideline value

The current guideline value of Valarmathi Nagar is Rs 870 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-B village, under the Avadi SRO, and is classified as Residential Class II Type - II.

How the guideline value of Valarmathi Nagar has changed

The guideline value for Valarmathi Nagar has seen several revisions over the years. The 2017 revision recorded a value of Rs 737 per sq.ft, which increased to Rs 800 per sq.ft in the 2023 revision, marking a change of 9%. The most recent 2024 revision set the value at Rs 870 per sq.ft, reflecting another increase of 9% from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 18%.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Thiruninravur-B

In Thiruninravur-B village, there are 374 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft. The median value for these streets is Rs 770 per sq.ft, placing Valarmathi Nagar's 2024 figure above this median.

• Vadivelan Nagar: Rs 770 per sq.ft (2024)
• T.V.S.Nagar: Rs 870 per sq.ft (2024)
• Vasantham Nagar: Rs 770 per sq.ft (2024)
• Vasantham Nagar Extn: Rs 770 per sq.ft (2024)
• T.R.R.Nagar & Streets: Rs 770 per sq.ft (2024)
• Vatchalapuram 1st Street: Rs 870 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 870 per sq.ft, the total guideline value amounts to Rs 8,70,000. The stamp duty, calculated at 7%, would be Rs 60,900, and the registration fee at 2% would be Rs 17,400, bringing the total charges to Rs 78,300. Please note that the 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 the Avadi Sub Registrar Office, 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-B

The guideline value plays a crucial role in the registration process when buying or selling property in Thiruninravur-B. It is used to determine the stamp duty and registration fees that must be paid at the time of registration.

When a property is sold, 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 the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Valarmathi Nagar?

The current guideline value of Valarmathi Nagar is Rs 870 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 737 per sq.ft in 2017 to Rs 870 per sq.ft in 2024, marking an overall increase of 18% over this period.

What are the stamp duty and registration fees for property in Valarmathi Nagar?

For a property valued at Rs 8,70,000, the stamp duty would be Rs 60,900, and the registration fee would be Rs 17,400, totaling Rs 78,300.

Which Sub Registrar Office covers Valarmathi Nagar?

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

What is the land classification of Valarmathi Nagar?

Valarmathi Nagar is classified as Residential Class II Type - II, indicating its intended use for residential purposes.