Guideline Value for VALLALAR STREET 2ND CROSS STREET (CHOOLIAMEDU)

Vallalar Street 2nd Cross Street (Chooliamedu) guideline value

The current guideline value of Vallalar Street 2nd Cross Street (Chooliamedu) is Rs 4,600 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village and falls under the Kodambakkam SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Vallalar Street 2nd Cross Street (Chooliamedu) has changed

In the 2007 revision, the guideline value was Rs 1,300 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 4,300 per sq.ft, marking a change of 231%. The value remained unchanged at Rs 4,300 per sq.ft in the 2023 revision. However, in the latest 2024 revision, the guideline value increased to Rs 4,600 per sq.ft, reflecting a 7% rise from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 254%. It is important to note that the register has no figures for the years 2002, 2003, and 2017 for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value in this village is Rs 5,800 per sq.ft, placing Vallalar Street 2nd Cross Street (Chooliamedu) below that median.

• Vallalar Street 1st Cross Street (Vadapalani): Rs 4,600 per sq.ft (2024)
• Vallalar Street 3rd Cross Street (Vadapalani): Rs 4,600 per sq.ft (2024)
• Vallalar Street: Rs 5,300 per sq.ft (2024)
• Vallalar Street (Vadapalani): Rs 4,400 per sq.ft (2024)
• Valliammai Road: Rs 6,300 per sq.ft (2024)
• Valliammal Garden 1st Street: Rs 6,300 per sq.ft (2024)

Stamp duty and registration fee for property in Vallalar Street 2nd Cross Street (Chooliamedu)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,600 per sq.ft, the total guideline value amounts to Rs 46,00,000. The stamp duty at 7% would be Rs 3,22,000, and the registration fee at 2% would be Rs 92,000, bringing the total to Rs 4,14,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Vallalar Street 2nd Cross Street (Chooliamedu)?

The Sub Registrar Office covering Vallalar Street 2nd Cross Street (Chooliamedu) is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that both parties adhere to the legal requirements set by the government. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Vallalar Street 2nd Cross Street (Chooliamedu)?

The current guideline value of Vallalar Street 2nd Cross Street (Chooliamedu) is Rs 4,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased from Rs 1,300 per sq.ft to Rs 4,600 per sq.ft in 2024, marking an overall increase of 254%.

What is the land classification for Vallalar Street 2nd Cross Street (Chooliamedu)?

The land classification for Vallalar Street 2nd Cross Street (Chooliamedu) is Residential Class IV Type - I.

Where can I find the Sub Registrar Office for this area?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026, and it covers Vallalar Street 2nd Cross Street (Chooliamedu).

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 3,22,000.