Guideline Value for VALLALAR NAGAR 5TH STREET

Vallalar Nagar 5th Street guideline value

The current guideline value of Vallalar Nagar 5th Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village and falls under the Avadi SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Vallalar Nagar 5th Street has changed

The guideline value for Vallalar Nagar 5th Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,200 per sq.ft in the 2023 revision, and finally, it has risen to Rs 1,300 per sq.ft in the 2024 revision. The register has no figure for the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%, while from 2023 to 2024, it saw a rise of 8%. Overall, from 2012 to 2024, the guideline value has increased by 8%.

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. The median value for these streets is Rs 988 per sq.ft, placing Vallalar Nagar 5th Street above this median.

• Vallalar Nagar 4th Street: Rs 1,300 per sq.ft (2024)
• Vallalar Nagar 6th Street: Rs 1,300 per sq.ft (2024)
• Vallalar Nagar 3rd Street: Rs 1,300 per sq.ft (2024)
• Vallalar Nagar 7th Street: Rs 1,300 per sq.ft (2024)
• Vallalar Nagar 8th Street: Rs 1,300 per sq.ft (2024)
• Vallalar Nagar 2nd Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Vallalar Nagar 5th 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. 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 more details.

Which Sub Registrar Office covers Vallalar Nagar 5th Street?

The Vallalar Nagar 5th 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 in the registration of property transactions in Thandurai. It serves as a baseline for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the transaction.

Frequently asked questions

What is the current guideline value of Vallalar Nagar 5th Street?

The current guideline value of Vallalar Nagar 5th Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much 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 increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024.

What is the land classification for Vallalar Nagar 5th Street?

The land classification for Vallalar Nagar 5th Street is Residential Special Type - III.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is 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 5th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 13,00,000, the stamp duty at 7% would be Rs 91,000.