Guideline Value for VALLALAR NAGAR

Vallalar Nagar guideline value

The current guideline value of Vallalar Nagar is Rs 400 per sq.ft. This area is located in Thozhuvur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Vallalar Nagar has changed

The guideline value for Vallalar Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 268 per sq.ft, marking a decline of 33%. However, in the 2023 revision, the guideline value increased to Rs 400 per sq.ft, reflecting a rise of 49% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has not changed, remaining at Rs 400 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Thozhuvur

Currently, there are no specific village figures available for Thozhuvur. Vallalar Nagar is one of the streets under the Tiruvallur Joint 1 SRO. Unfortunately, there are no other streets in Thozhuvur listed with their respective rates.

Stamp duty and registration fee for property in Vallalar Nagar

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Vallalar Nagar?

The Sub Registrar Office that covers Vallalar Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thozhuvur. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value as set by the government.

When a property is sold, the buyer must pay stamp duty and registration fees 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?

The current guideline value of Vallalar Nagar is Rs 400 per sq.ft as per the 2023 revision.

How much did the guideline value change from 2017 to 2023?

From the 2017 revision, the guideline value increased by 49%, rising from Rs 268 per sq.ft to Rs 400 per sq.ft in 2023.

What was the guideline value in 2012?

The guideline value in 2012 was Rs 400 per sq.ft, which remained unchanged until the 2017 revision.

Are there any guideline values for the years 2002, 2003, and 2007?

No, the register has no figures for Vallalar Nagar for the years 2002, 2003, and 2007.

Where is the Sub Registrar Office for Vallalar Nagar located?

The Sub Registrar Office for Vallalar Nagar is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.