Guideline Value for VALLALAR KUDIYIRUPPU 11th STREET

VALLALAR KUDIYIRUPPU 11th STREET guideline value

The current guideline value for VALLALAR KUDIYIRUPPU 11th STREET is Rs 8,200 per sq.ft, effective from 1 July 2024. This street is located in Villivakkam village, under the jurisdiction of the Villivakkam SRO, and is classified as Residential Class II Type - I.

How the guideline value of VALLALAR KUDIYIRUPPU 11th STREET has changed

Over the years, the guideline value for VALLALAR KUDIYIRUPPU 11th STREET has seen significant changes. In 2007, the value was Rs 2,050 per sq.ft, which increased to Rs 7,500 per sq.ft in 2012, marking a substantial rise of 266%. However, from 2012 to 2017, the value decreased to Rs 5,025 per sq.ft, reflecting a decline of 33%. The value then rose to Rs 7,500 per sq.ft in 2023, which was a 49% increase. The most recent revision in 2024 set the guideline value at Rs 8,200 per sq.ft, representing a 9% increase from the previous year.

It is important to note that the guideline register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median guideline value in the area is Rs 4,900 per sq.ft, and VALLALAR KUDIYIRUPPU 11th STREET's 2024 figure is above this median.

• VALLALAR KUDIYIRUPPU 10th STREET: Rs 8,200 per sq.ft (2024)
• VALLALAR KUDIYIRUPPU 6th STREET: Rs 8,200 per sq.ft (2024)
• Vallalar Kudiyiruppu: Rs 8,200 per sq.ft (2024)
• VALLALAR KUDIYIRUPPU 7th STREET: Rs 8,200 per sq.ft (2024)
• VALLALAR KUDIYIRUPPU 8th STREET: Rs 8,200 per sq.ft (2024)
• VALLALAR KUDIYIRUPPU 9th STREET: Rs 8,200 per sq.ft (2024)

Stamp duty and registration fee for property in VALLALAR KUDIYIRUPPU 11th STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 8,200 per sq.ft, the total guideline value amounts to Rs 82,00,000. The stamp duty at 7% would be Rs 5,74,000, and the registration fee at 2% would be Rs 1,64,000, bringing the total cost for these fees to Rs 7,38,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers VALLALAR KUDIYIRUPPU 11th STREET?

The Sub Registrar Office that covers VALLALAR KUDIYIRUPPU 11th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Villivakkam. It determines the minimum value at which the property must be registered and is used to calculate the applicable stamp duty and registration fees.

When a property is sold, the seller and buyer must ensure that the sale price is equal to or greater than the guideline value. This ensures compliance with local regulations and helps in the accurate assessment of taxes due at the time of registration.

Frequently asked questions

What is the current guideline value for VALLALAR KUDIYIRUPPU 11th STREET?

The current guideline value for VALLALAR KUDIYIRUPPU 11th STREET is Rs 8,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,050 per sq.ft in 2007 to Rs 8,200 per sq.ft in 2024, reflecting a total increase of 300% over the years.

What is the land classification for VALLALAR KUDIYIRUPPU 11th STREET?

VALLALAR KUDIYIRUPPU 11th STREET is classified as Residential Class II Type - I.

Where can I find the Villivakkam Sub Registrar Office?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is the stamp duty calculated for properties in VALLALAR KUDIYIRUPPU 11th STREET?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 82,00,000, the stamp duty at 7% would amount to Rs 5,74,000.