Guideline Value for VALLALAR ST

Vallalar St guideline value

The current guideline value of Vallalar St in Vilingiyambakkam village is Rs 935 per sq.ft, effective from the 2024 revision. This street falls under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class II Type - II.

How the guideline value of Vallalar St has changed

The guideline value for Vallalar St has seen several revisions over the years. In the 2012 revision, the value was set at Rs 850 per sq.ft. This was followed by a decrease to Rs 569 per sq.ft in the 2017 revision. The 2023 revision marked an increase to Rs 850 per sq.ft, and the current 2024 revision has further increased it to Rs 935 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased by 49%. The overall change from the 2012 revision to the 2024 revision shows a 10% increase, reflecting the current guideline value of Rs 935 per sq.ft.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 4,400 per sq.ft. The median guideline value is Rs 935 per sq.ft, which is equal to the current value for Vallalar St.

• Vallalar 1st Cross St: Rs 935 per sq.ft (2024)
• Veda Nayagam 1st Cross St: Rs 1,310 per sq.ft (2024)
• Veda Nayagam 1st Street: Rs 1,310 per sq.ft (2024)
• Veda Nayagam St: Rs 810 per sq.ft (2024)
• Veda Vinayagar St: Rs 935 per sq.ft (2024)
• T.R.R.Street: Rs 935 per sq.ft (2024)

Stamp duty and registration fee for property in Vallalar St

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value amounts to Rs 9,35,000. The stamp duty at 7% would be Rs 65,450, and the registration fee at 2% would be Rs 18,700, bringing the total fees to Rs 84,150. 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.

Which Sub Registrar Office covers Vallalar St?

The Vallalar St 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vilingiyambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted transparently.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for completing the sale. Buyers and sellers must be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vallalar St?

The current guideline value of Vallalar St is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then back to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024.

What is the land classification for Vallalar St?

Vallalar St is classified as Residential Class II Type - II, indicating its designation for residential purposes.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 9,35,000, with stamp duty at 7% amounting to Rs 65,450 and a registration fee at 2% amounting to Rs 18,700, totaling Rs 84,150.

Which office handles the registration for Vallalar St?

The registration for Vallalar St is handled by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.