Guideline Value for VALLALAR KUDIYIRUPPU 8th STREET

VALLALAR KUDIYIRUPPU 8th STREET guideline value

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

How the guideline value of VALLALAR KUDIYIRUPPU 8th STREET has changed

The guideline value for VALLALAR KUDIYIRUPPU 8th STREET has seen several revisions over the years. The 2007 revision set the value at Rs 2,050 per sq.ft, which then increased to Rs 7,500 per sq.ft in the 2012 revision. However, there was a decrease of 33% to Rs 5,025 per sq.ft in the 2017 revision. The subsequent 2023 revision raised it to Rs 7,500 per sq.ft, and the most recent 2024 revision has further increased it to Rs 8,200 per sq.ft, marking a 9% rise from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 300%. Notably, there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Villivakkam

In Villivakkam, there are a total of 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 guideline value for these streets is Rs 4,900 per sq.ft, indicating that VALLALAR KUDIYIRUPPU 8th STREET's 2024 figure is above this median.

• VALLALAR KUDIYIRUPPU 7th STREET: Rs 8,200 per sq.ft (2024)
• VALLALAR KUDIYIRUPPU 9th STREET: Rs 8,200 per sq.ft (2024)
• VALLALAR KUDIYIRUPPU 6th STREET: Rs 8,200 per sq.ft (2024)
• VALLALAR KUDIYIRUPPU 11th 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 8th 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 the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers VALLALAR KUDIYIRUPPU 8th STREET?

The VALLALAR KUDIYIRUPPU 8th STREET falls under 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 information.

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

The guideline value plays a crucial role when buying or selling property in Villivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions within the area.

Frequently asked questions

What is the current guideline value for VALLALAR KUDIYIRUPPU 8th STREET?

The current guideline value for VALLALAR KUDIYIRUPPU 8th 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, marking an overall increase of 300% over the years.

What is the land classification for VALLALAR KUDIYIRUPPU 8th STREET?

The land classification for VALLALAR KUDIYIRUPPU 8th STREET is 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 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 of the property. For example, a property valued at Rs 82,00,000 would incur a stamp duty of Rs 5,74,000 and a registration fee of Rs 1,64,000.