Guideline Value for VALLALAR STREET (VADAPALANI)

Vallalar Street (Vadapalani) guideline value

The current guideline value of Vallalar Street (Vadapalani) is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Vallalar Street (Vadapalani) has changed

The guideline value for Vallalar Street has undergone several revisions over the years. In 2007, the guideline value was Rs 1,200 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 233%. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, representing a decline of 33%. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, reflecting an increase of 64% from the 2017 figure.

There are no figures available for the revisions in 2023, 2003, and 2002 for Vallalar Street. Overall, from 2007 to 2024, the guideline value has increased by 267%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO that carry a guideline value for 2024, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value in this area is Rs 5,800 per sq.ft, placing Vallalar Street's 2024 figure below that median.

• Vallalar Street 3rd Cross Street (Vadapalani): Rs 4,600 per sq.ft (2024)
• Vallalar Street 2nd Cross Street (Chooliamedu): Rs 4,600 per sq.ft (2024)
• Vallalar Street 1st Cross Street (Vadapalani): Rs 4,600 per sq.ft (2024)
• Vallalar Street: Rs 5,300 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 (Vadapalani)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vallalar Street (Vadapalani)?

The Sub Registrar Office that covers Vallalar Street (Vadapalani) 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Puliyur. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded correctly. Buyers and sellers must be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vallalar Street (Vadapalani)?

The current guideline value of Vallalar Street (Vadapalani) is Rs 4,400 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 2007 to Rs 4,400 per sq.ft in 2024, with various increases and decreases in between.

What is the registration office for Vallalar Street (Vadapalani)?

The registration office for Vallalar Street (Vadapalani) is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What are the stamp duty and registration fees for properties in Vallalar Street?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 3,96,000.

What is the land classification of Vallalar Street (Vadapalani)?

Vallalar Street (Vadapalani) is classified as Residential Class IV Type - II.