Guideline Value for VALLALAR NAGAR MAIN ROAD

Vallalar Nagar Main Road guideline value

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

How the guideline value of Vallalar Nagar Main Road has changed

The guideline value for Vallalar Nagar Main Road has seen several revisions over the years. In 2007, the value was Rs 386 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012, marking a rise of 211%. However, it dropped to Rs 804 per sq.ft in 2017, a decrease of 33%. The value then rose sharply to Rs 1,200 per sq.ft in 2023, and further increased to Rs 1,300 per sq.ft in 2024, reflecting an 8% change.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 237%.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO, with guideline values ranging from Rs 800 to Rs 2,640 per sq.ft. The median guideline value is Rs 988 per sq.ft, placing Vallalar Nagar Main Road's 2024 figure above that median.

• Vallalar Nagar Main Road Cross Road: Rs 1,300 per sq.ft (2024)
• Vallalar Nagar 9th Street: Rs 1,300 per sq.ft (2024)
• Vallalar Nagar Main Road Cross St: Rs 802 per sq.ft (2024)
• Vallalar Nagar 8th Street: Rs 1,300 per sq.ft (2024)
• Vallalar Nagar & Other Streets: 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 Main Road

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, while 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 use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vallalar Nagar Main Road?

The Vallalar Nagar Main Road 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. 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 when buying or selling property in Thandurai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vallalar Nagar Main Road?

The current guideline value of Vallalar Nagar Main Road 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 386 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 237% over the years.

What is the median guideline value in Thandurai?

The median guideline value in Thandurai is Rs 988 per sq.ft, with Vallalar Nagar Main Road's value being above this median.

What are the stamp duty and registration fees for property in Vallalar Nagar Main Road?

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 office handles property registrations for Vallalar Nagar Main Road?

The Avadi Sub Registrar Office handles property registrations for Vallalar Nagar Main Road, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District.