Guideline Value for VALLALAR NAGAR 4TH STREET

Vallalar Nagar 4th Street guideline value

The current guideline value of Vallalar Nagar 4th 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 it is classified as Residential Special Type - III.

How the guideline value of Vallalar Nagar 4th Street has changed

Over the years, the guideline value for Vallalar Nagar 4th Street has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which was a decrease of 33% from the Rs 804 per sq.ft recorded in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,200 per sq.ft, and the current 2024 revision has raised it to Rs 1,300 per sq.ft, marking an increase of 8% from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thandurai

In Thandurai village, 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 of Rs 988 per sq.ft. The guideline value for Vallalar Nagar 4th Street 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 3rd 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 4th 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, totaling Rs 1,17,000. Please 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 more details.

Which Sub Registrar Office covers Vallalar Nagar 4th Street?

The Vallalar Nagar 4th Street is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Thandurai. It serves as a benchmark for determining the stamp duty and registration fees payable, ensuring that these costs are calculated based on a standardized value.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction, which is essential for both the buyer and seller. It is important to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vallalar Nagar 4th Street?

The current guideline value of Vallalar Nagar 4th 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 undergone several revisions, with the most recent increase being from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024, which is an 8% increase. The value has also increased by 49% from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023.

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

Other streets in Thandurai that share the same guideline value of Rs 1,300 per sq.ft for 2024 include Vallalar Nagar 1st Street, Vallalar Nagar 2nd Street, Vallalar Nagar 3rd Street, Vallalar Nagar 5th Street, Vallalar Nagar 6th Street, and Vallalar Nagar 7th Street.

What is the registration office for Vallalar Nagar 4th Street?

The registration office for Vallalar Nagar 4th Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Vallalar Nagar 4th Street?

Stamp duty for properties in Vallalar Nagar 4th Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable on the guideline value.