Guideline Value for VALLALAR STREET

Vallalar Street guideline value

The current guideline value of Vallalar Street in Ponneri_2 village, under the Ponneri SRO, is Rs 700 per sq.ft, effective from 1 July 2024. This street is classified under Residential Class II Type - I.

How the guideline value of Vallalar Street has changed

The guideline value for Vallalar Street has seen several revisions over the years. The most recent revision in 2024 maintains a value of Rs 700 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 469 per sq.ft. Therefore, the change from 2017 to 2023 was an increase of 49%, and from 2017 to 2024, there has also been an overall increase of 49%.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for Vallalar Street. This lack of data means we cannot assess any changes during those years.

Guideline values in Ponneri_2

In Ponneri_2, there are 75 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 1,300 per sq.ft, with the median being Rs 700 per sq.ft. Vallalar Street's 2024 figure aligns with this median value.

• Varadhappa Naicken St: Rs 1,200 per sq.ft (2024)
• Velavan Nagar: Rs 700 per sq.ft (2024)
• T.H. Road: Rs 702 per sq.ft (2024)
• Thiruvottiyur High Road: Rs 1,200 per sq.ft (2024)
• Venpakkam Road: Rs 700 per sq.ft (2024)
• Theradi Cross Street: Rs 1,200 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 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vallalar Street?

The Vallalar Street is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ponneri_2

The guideline value is a critical factor in the registration process when buying or selling property in Ponneri_2. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the necessary fees, ensuring that the transaction complies with local regulations. This value is essential for both buyers and sellers to understand their financial obligations during the sale process.

Frequently asked questions

What is the current guideline value of Vallalar Street?

The current guideline value of Vallalar Street is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Vallalar Street has increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in both 2023 and 2024, representing a 49% increase over that period.

What are the other streets in Ponneri_2 with their guideline values?

Other streets in Ponneri_2 include Varadhappa Naicken St at Rs 1,200 per sq.ft, Velavan Nagar and Venpakkam Road both at Rs 700 per sq.ft, T.H. Road at Rs 702 per sq.ft, and Thiruvottiyur High Road and Theradi Cross Street both at Rs 1,200 per sq.ft.

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

For a property with a guideline value of Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000.

Which office handles the registration for Vallalar Street?

The registration for Vallalar Street is handled by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.