Guideline Value for VALLALAR KUDIYIRUPPU 6th STREET

VALLALAR KUDIYIRUPPU 6th STREET guideline value

The current guideline value of VALLALAR KUDIYIRUPPU 6th STREET is Rs 8,200 per sq.ft, effective from 1 July 2024. This street is located in Villivakkam village and falls under the Villivakkam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of VALLALAR KUDIYIRUPPU 6th STREET has changed

The guideline value for VALLALAR KUDIYIRUPPU 6th STREET has seen several revisions over the years. In the 2007 revision, the value was Rs 2,050 per sq.ft. This increased significantly to Rs 7,500 per sq.ft in the 2012 revision, marking a rise of 266%. However, the value decreased to Rs 5,025 per sq.ft in the 2017 revision, which was a drop of 33%. The guideline value then rose sharply to Rs 7,500 per sq.ft in the 2023 revision, reflecting an increase of 49%. The latest revision in 2024 has set the value at Rs 8,200 per sq.ft, a further increase of 9% from the previous year.

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

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median value across these streets is Rs 4,900 per sq.ft, indicating that VALLALAR KUDIYIRUPPU 6th STREET's current guideline value is above the median.

• VALLALAR KUDIYIRUPPU 11th STREET: Rs 8,200 per sq.ft (2024)
• VALLALAR KUDIYIRUPPU 7th STREET: Rs 8,200 per sq.ft (2024)
• VALLALAR KUDIYIRUPPU 10th STREET: Rs 8,200 per sq.ft (2024)
• VALLALAR KUDIYIRUPPU 8th STREET: Rs 8,200 per sq.ft (2024)
• Vallalar Kudiyiruppu: 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 6th 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 fees to Rs 7,38,000. It is important to note that 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 more details.

Which Sub Registrar Office covers VALLALAR KUDIYIRUPPU 6th STREET?

The VALLALAR KUDIYIRUPPU 6th STREET falls under the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Villivakkam, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fee and stamp duty are calculated based on the guideline value or the sale price, whichever is higher.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair price, reflecting the local market conditions. It serves as a benchmark for both buyers and sellers to understand the worth of properties in the area.

Frequently asked questions

What is the current guideline value of VALLALAR KUDIYIRUPPU 6th STREET?

The current guideline value of VALLALAR KUDIYIRUPPU 6th 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 changed significantly from Rs 2,050 per sq.ft in 2007 to Rs 8,200 per sq.ft in 2024, reflecting an overall increase of 300% over the years.

What is the land classification for VALLALAR KUDIYIRUPPU 6th STREET?

The land classification for VALLALAR KUDIYIRUPPU 6th STREET is Residential Class II Type - I.

Where is the Villivakkam Sub Registrar Office located?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are 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 would be Rs 5,74,000 and the registration fee Rs 1,64,000.