Guideline Value for VALLAR STREET

Vallar Street guideline value

The current guideline value of Vallar Street in Paruthipattu village, under the Avadi SRO, is Rs 1,625 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Vallar Street has changed

The guideline value for Vallar Street has seen several revisions over the years. From the 2012 revision, which was Rs 1,200 per sq.ft, it decreased to Rs 804 per sq.ft in 2017. However, it significantly increased to Rs 1,500 per sq.ft in 2023, marking an 87% rise. The latest revision in 2024 shows a further increase to Rs 1,625 per sq.ft, a change of 8% from the previous year.

Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 35%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO, with guideline values ranging from Rs 801 to Rs 4,730 per sq.ft. The median guideline value is Rs 1,625 per sq.ft, which is the same as the 2024 figure for Vallar Street.

• Vallar Street (Kumaran Nagar): Rs 1,625 per sq.ft (2024)
• Vallalar Street (Kumaran Nagar): Rs 1,625 per sq.ft (2024)
• Vallalar Street: 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 Vallar Street

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

Which Sub Registrar Office covers Vallar Street?

The Sub Registrar Office that covers Vallar Street is 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 crucial factor in property transactions in Paruthipattu. It determines the minimum value at which a property can be registered, impacting the stamp duty and registration fees applicable during the sale or purchase of a property.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a value that reflects the official rates set by the government, thereby maintaining transparency in the real estate market.

Frequently asked questions

What is the current guideline value of Vallar Street?

The current guideline value of Vallar 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 from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,625 per sq.ft in 2024.

What is the land classification for Vallar Street?

The land classification for Vallar Street is Residential Special Type - I, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for Vallar Street?

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

How is stamp duty calculated for properties in Vallar Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,625 per sq.ft, the total guideline value would be Rs 16,25,000, leading to a stamp duty of Rs 1,13,750.