Guideline Value for VALLALAR STREET 3RD CROSS STREET (VADAPALANI)

Vallalar Street 3rd Cross Street (Vadapalani) guideline value

The current guideline value of Vallalar Street 3rd Cross Street (Vadapalani) 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 3rd Cross Street (Vadapalani) has changed

The guideline value for Vallalar Street 3rd Cross Street (Vadapalani) has undergone several revisions over the years. In 2007, the value was set at Rs 1,300 per sq.ft, which saw a significant increase to Rs 4,300 per sq.ft in 2012. This marked a remarkable change of 231%. The value remained unchanged at Rs 4,300 per sq.ft until the next revision in 2023.

In 2023, the guideline value was revised to Rs 4,600 per sq.ft, representing a 7% increase. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 254%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value for these streets is Rs 5,800 per sq.ft, placing Vallalar Street 3rd Cross Street's 2024 value below this median.

• 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)
• 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 3rd Cross Street (Vadapalani)

For a 1,000 sq.ft plot at the current guideline value, 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 the stamp duty and registration fee calculator for more information on fees.

Which Sub Registrar Office covers Vallalar Street 3rd Cross Street (Vadapalani)?

The Sub Registrar Office that covers Vallalar Street 3rd Cross 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 further assistance.

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 calculating stamp duty and registration fees, ensuring that these costs are aligned with the current market rates set by the government.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable stamp duty. This ensures that the government receives the appropriate revenue based on the value of the transaction.

Frequently asked questions

What is the current guideline value of Vallalar Street 3rd Cross Street (Vadapalani)?

The current guideline value of Vallalar Street 3rd Cross Street (Vadapalani) is Rs 4,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

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

What is the land classification for Vallalar Street 3rd Cross Street (Vadapalani)?

The land classification for Vallalar Street 3rd Cross Street (Vadapalani) is Residential Class IV Type - I.

Where can I find the registration office for Vallalar Street 3rd Cross Street (Vadapalani)?

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

How is stamp duty calculated for properties in Vallalar Street 3rd Cross Street (Vadapalani)?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 46,00,000, the stamp duty would be Rs 3,22,000 at a rate of 7%.