Guideline Value for VALLALAR KUDIYIRUPPU 7th STREET

VALLALAR KUDIYIRUPPU 7th STREET guideline value

The current guideline value of VALLALAR KUDIYIRUPPU 7th STREET is Rs 8,200 per sq.ft, effective from 1 July 2024. This street is located in Villivakkam village under the Villivakkam SRO, classified as Residential Class II Type - I.

How the guideline value of VALLALAR KUDIYIRUPPU 7th STREET has changed

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

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from the 2007 revision to the 2024 revision, 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 village is Rs 4,900 per sq.ft, placing VALLALAR KUDIYIRUPPU 7th STREET above this median.

• VALLALAR KUDIYIRUPPU 6th STREET: Rs 8,200 per sq.ft (2024)
• VALLALAR KUDIYIRUPPU 8th STREET: Rs 8,200 per sq.ft (2024)
• VALLALAR KUDIYIRUPPU 11th STREET: Rs 8,200 per sq.ft (2024)
• VALLALAR KUDIYIRUPPU 9th STREET: Rs 8,200 per sq.ft (2024)
• VALLALAR KUDIYIRUPPU 10th STREET: Rs 8,200 per sq.ft (2024)
• Vallalar Kudiyiruppu: Rs 8,200 per sq.ft (2024)

Stamp duty and registration fee for property in VALLALAR KUDIYIRUPPU 7th 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 and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers VALLALAR KUDIYIRUPPU 7th STREET?

The Sub Registrar Office that covers VALLALAR KUDIYIRUPPU 7th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Villivakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

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. This ensures that the registration process adheres to the established values set by the Registration Department.

Frequently asked questions

What is the current guideline value for VALLALAR KUDIYIRUPPU 7th STREET?

The current guideline value for VALLALAR KUDIYIRUPPU 7th 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, which is a total increase of 300% over the years.

What are the other streets with the same guideline value in Villivakkam?

Other streets in Villivakkam with the same guideline value of Rs 8,200 per sq.ft in 2024 include VALLALAR KUDIYIRUPPU 6th STREET, VALLALAR KUDIYIRUPPU 8th STREET, VALLALAR KUDIYIRUPPU 9th STREET, VALLALAR KUDIYIRUPPU 10th STREET, and VALLALAR KUDIYIRUPPU 11th STREET.

What is the registration fee for property transactions in VALLALAR KUDIYIRUPPU 7th STREET?

The registration fee for property transactions is calculated based on the guideline value. For example, for a property valued at Rs 82,00,000, the registration fee at 2% would be Rs 1,64,000.

Which office handles registrations for VALLALAR KUDIYIRUPPU 7th STREET?

The Villivakkam Sub Registrar Office handles registrations for VALLALAR KUDIYIRUPPU 7th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.