Guideline Value for VALLALAR STREET

Vallalar Street guideline value

The current guideline value of Vallalar Street in Paruthipattu village, under the Avadi SRO, is Rs 1,625 per sq.ft, effective from 1 July 2024. This street is classified as Residential Special Type - I.

How the guideline value of Vallalar Street has changed

Over the years, the guideline value of Vallalar Street has seen significant changes. In the 2002 revision, the value was Rs 171 per sq.ft, which increased to Rs 197 per sq.ft in 2003. The next recorded revision was in 2012, where the value rose to Rs 1,200 per sq.ft, marking a substantial increase of 509% from 2003. However, in 2017, the value dropped to Rs 804 per sq.ft, a decrease of 33%. The 2023 revision saw the value increase to Rs 1,500 per sq.ft, and the latest revision in 2024 has set it at Rs 1,625 per sq.ft, reflecting an 8% increase from the previous year.

It is important to note that the register has no figure for Vallalar Street in the 2007 revision. Overall, from 2002 to 2024, the guideline value has increased by 850%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 4,730 per sq.ft. The median value is Rs 1,625 per sq.ft, which is equal to the guideline value of Vallalar Street for 2024.

• Vallalar Street (Kumaran Nagar): Rs 1,625 per sq.ft (2024)
• Vallar Street: Rs 1,625 per sq.ft (2024)
• Vallar Street (Kumaran Nagar): Rs 1,625 per sq.ft (2024)
• Valluvar Garden St: Rs 1,625 per sq.ft (2024)
• Vargees Compound: Rs 1,625 per sq.ft (2024)
• Vasantham Nagar: Rs 1,625 per sq.ft (2024)

Stamp duty and registration fee for property in Vallalar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value would be Rs 16,25,000. The stamp duty at 7% would amount to Rs 1,13,750, and the registration fee at 2% would be Rs 32,500, bringing the total fees to Rs 1,46,250. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Vallalar Street?

The Vallalar Street 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. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Paruthipattu. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a reference point for both parties. It is essential to be aware of the current guideline value to ensure compliance with registration requirements and to avoid any disputes during the transaction process.

Frequently asked questions

What is the current guideline value of Vallalar Street?

The current guideline value of Vallalar Street is Rs 1,625 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 171 per sq.ft in 2002 to Rs 1,625 per sq.ft in 2024, reflecting an overall increase of 850% over this period.

What are the other streets with the same guideline value in Paruthipattu?

Several other streets in Paruthipattu also share the same guideline value of Rs 1,625 per sq.ft for 2024, including Vallalar Street (Kumaran Nagar) and Vallar Street.

What is the registration fee for property in Vallalar Street?

The registration fee for property in Vallalar Street is calculated at 2% of the guideline value. For a plot valued at Rs 16,25,000, the registration fee would be Rs 32,500.

Which office handles the registration of properties in Vallalar Street?

The Avadi Sub Registrar Office handles the registration of properties in Vallalar Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.