Guideline Value for VALLALAR NAGAR 8TH STREET

Vallalar Nagar 8th Street guideline value

The current guideline value of Vallalar Nagar 8th 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 8th Street has changed

The guideline value for Vallalar Nagar 8th Street has seen several revisions over the years. In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. This figure decreased to Rs 804 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,200 per sq.ft, representing a 49% rise. The most recent revision in 2024 set the guideline value at Rs 1,300 per sq.ft, an increase of 8% from the previous year.

It is important to note that there are no figures available for Vallalar Nagar 8th Street in the revisions from 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 8%.

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. The median guideline value in this village is Rs 988 per sq.ft, placing Vallalar Nagar 8th Street above that median.

• Vallalar Nagar 7th Street: Rs 1,300 per sq.ft (2024)
• Vallalar Nagar 9th Street: Rs 1,300 per sq.ft (2024)
• Vallalar Nagar 6th Street: Rs 1,300 per sq.ft (2024)
• Vallalar Nagar Main Road: Rs 1,300 per sq.ft (2024)
• Vallalar Nagar Main Road Cross Road: Rs 1,300 per sq.ft (2024)
• Vallalar Nagar 5th Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Vallalar Nagar 8th 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, bringing the total cost together to Rs 1,17,000. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Vallalar Nagar 8th Street?

The Vallalar Nagar 8th 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 further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thandurai. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the current guideline value to ensure compliance with local regulations and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vallalar Nagar 8th Street?

The current guideline value of Vallalar Nagar 8th 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 for Vallalar Nagar 8th Street?

Vallalar Nagar 8th Street is classified as Residential Special Type - III.

Where can I find the Sub Registrar Office for Vallalar Nagar 8th Street?

The Sub Registrar Office for Vallalar Nagar 8th Street 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 property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 13,00,000, leading to a stamp duty of Rs 91,000.