Guideline Value for VALLALAAR NAGAR

Vallalaar Nagar guideline value

The current guideline value of Vallalaar Nagar is Rs 150 per sq.ft, effective from 1 July 2024. This area is located in Panapakkam village under the Arani_Tiruvallur SRO, and is classified as Residential Class V Type - I.

How the guideline value of Vallalaar Nagar has changed

The guideline value of Vallalaar Nagar has undergone several revisions over the years. The earliest recorded revision was in 2017, where the guideline value was Rs 100 per sq.ft. This figure increased by 50% to Rs 150 per sq.ft in the 2023 revision, and has remained the same in the 2024 revision, showing no percentage change from the previous year. There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%. The current guideline value reflects a stable pricing structure in recent years, with no fluctuations noted between 2023 and 2024.

Guideline values in Panapakkam

In Panapakkam, there are four streets that carry a 2024 guideline value, ranging from Rs 150 to Rs 250 per sq.ft. Vallalaar Nagar's current guideline value is below the median of Rs 200 per sq.ft for the area.

• Varalakshmi Nagar: Rs 200 per sq.ft (2024)
• Thamarai Garden: Rs 250 per sq.ft (2024)
• Sri Rajalakshmi Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Vallalaar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total fees to Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vallalaar Nagar?

The Sub Registrar Office that covers Vallalaar Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Panapakkam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to consider the guideline value, as it directly impacts the costs associated with the transaction. Buyers should be aware of the current guideline values to ensure they are informed about the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Vallalaar Nagar?

The current guideline value of Vallalaar Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in both 2023 and 2024, marking a 50% increase overall from 2017 to 2024.

What are the guideline values of other streets in Panapakkam?

Other streets in Panapakkam have varying guideline values, with Varalakshmi Nagar at Rs 200 per sq.ft, Thamarai Garden at Rs 250 per sq.ft, and Sri Rajalakshmi Nagar also at Rs 200 per sq.ft for 2024.

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

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 and the registration fee would be Rs 3,000, totaling Rs 13,500.

Which Sub Registrar Office covers Vallalaar Nagar?

The Arani_Tiruvallur Sub Registrar Office covers Vallalaar Nagar, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101.