Guideline Value for VALLALAR NAGAR 3RD STREET

Vallalar Nagar 3rd Street guideline value

The current guideline value of Vallalar Nagar 3rd Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village under the Avadi SRO and is classified as Residential Special Type - III.

How the guideline value of Vallalar Nagar 3rd Street has changed

The guideline value for Vallalar Nagar 3rd Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was followed by a decrease to Rs 804 per sq.ft in the 2017 revision. However, the value increased to Rs 1,200 per sq.ft again in the 2023 revision, and currently stands at Rs 1,300 per sq.ft from the 2024 revision.

Notably, the changes between the revisions include an increase of 49% from 2017 to 2023, followed by an 8% increase from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft, with a median value of Rs 988 per sq.ft. Vallalar Nagar 3rd Street's 2024 figure of Rs 1,300 per sq.ft is above this median.

• Vallalar Nagar 1st Street: Rs 1,300 per sq.ft (2024)
• Vallalar Nagar 2nd Street: Rs 1,300 per sq.ft (2024)
• Vallalar Nagar 4th Street: Rs 1,300 per sq.ft (2024)
• Vallalar Nagar 5th Street: Rs 1,300 per sq.ft (2024)
• Vallalar Nagar 6th Street: Rs 1,300 per sq.ft (2024)
• Vallalar Nagar 7th Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Vallalar Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, making the total cost for these fees Rs 1,17,000. 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 Nagar 3rd Street?

The Vallalar Nagar 3rd Street falls under the jurisdiction of the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor during property transactions in Thandurai, as it determines the minimum value at which properties can be registered. When you buy or sell property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the government receives its due revenue from the transaction.

Additionally, the guideline value helps maintain transparency in property transactions by providing a standardized value for properties in the area. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Vallalar Nagar 3rd Street?

The current guideline value of Vallalar Nagar 3rd Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,300 per sq.ft in 2024.

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

Other streets in Thandurai with the same guideline value of Rs 1,300 per sq.ft in 2024 include Vallalar Nagar 1st Street, Vallalar Nagar 2nd Street, Vallalar Nagar 4th Street, Vallalar Nagar 5th Street, Vallalar Nagar 6th Street, and Vallalar Nagar 7th Street.

How is the stamp duty calculated for properties in Vallalar Nagar 3rd Street?

The stamp duty for properties in Vallalar Nagar 3rd Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 91,000 based on the current guideline value.

Which Sub Registrar Office should I visit for transactions in Vallalar Nagar 3rd Street?

The Avadi Sub Registrar Office covers Vallalar Nagar 3rd Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.