Guideline Value for VALLALAR NAGAR 6TH STREET

Vallalar Nagar 6th Street guideline value

The current guideline value of Vallalar Nagar 6th 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 the land classification is Residential Special Type - III.

How the guideline value of Vallalar Nagar 6th Street has changed

The guideline value for Vallalar Nagar 6th Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in the 2017 revision. Following that, the value increased significantly to Rs 1,200 per sq.ft in 2023, and then to Rs 1,300 per sq.ft in the 2024 revision.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The most recent change from 2023 to 2024 reflects an increase of 8%. Overall, the guideline value has increased by 8% from 2012 to 2024. The register has no figures for the revisions in 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 6th Street's 2024 figure is above this median.

• Vallalar Nagar 5th 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 4th Street: Rs 1,300 per sq.ft (2024)
• Vallalar Nagar 9th Street: Rs 1,300 per sq.ft (2024)
• Vallalar Nagar 3rd Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Vallalar Nagar 6th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to 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 calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vallalar Nagar 6th Street?

The Vallalar Nagar 6th Street falls under 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

When buying or selling property in Thandurai, the guideline value is a crucial factor in determining the stamp duty and registration fees. The guideline value serves as a benchmark for the minimum value at which property transactions are registered, ensuring that the government receives appropriate revenue from property sales.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during property dealings in the area.

Frequently asked questions

What is the current guideline value of Vallalar Nagar 6th Street?

The current guideline value of Vallalar Nagar 6th 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 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 of Vallalar Nagar 6th Street?

The land classification of Vallalar Nagar 6th Street is Residential Special Type - III.

What are the stamp duty and registration fees for a property in Vallalar Nagar 6th Street?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which Sub Registrar Office covers Vallalar Nagar 6th Street?

The Avadi Sub Registrar Office covers Vallalar Nagar 6th Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.