Guideline Value for VALLIAMMAL GARDEN 2ND STREET

Valliammal Garden 2nd Street guideline value

The current guideline value of Valliammal Garden 2nd Street is Rs 6,300 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Special Type - III.

How the guideline value of Valliammal Garden 2nd Street has changed

The guideline value for Valliammal Garden 2nd Street has undergone several revisions since 2002. In 2002, the value was Rs 980 per sq.ft, which increased to Rs 1,076 per sq.ft in 2003, marking a 10% rise. The value then saw a significant jump to Rs 1,500 per sq.ft in 2007, representing a 39% increase. By 2012, the value remained steady at Rs 5,800 per sq.ft, and this rate continued unchanged until the 2023 revision, which also recorded Rs 5,800 per sq.ft.

In 2024, the guideline value was revised to Rs 6,300 per sq.ft, reflecting a 9% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 543%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, placing Valliammal Garden 2nd Street above this median.

• Valliammal Garden 1st Street: Rs 6,300 per sq.ft (2024)
• Valliammal Garden 3rd Street: Rs 6,300 per sq.ft (2024)
• Valliammal Garden Main Road: Rs 6,300 per sq.ft (2024)
• Valliammai Road: Rs 6,300 per sq.ft (2024)
• Valliammal Street, Chennai-24: Rs 5,800 per sq.ft (2024)
• Vallalar Street (Vadapalani): Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Valliammal Garden 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,300 per sq.ft, the total guideline value would be Rs 63,00,000. The stamp duty at 7% would amount to Rs 4,41,000, while the registration fee at 2% would be Rs 1,26,000, bringing the total to Rs 5,67,000. 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 accurate calculations.

Which Sub Registrar Office covers Valliammal Garden 2nd Street?

The Sub Registrar Office that covers Valliammal Garden 2nd Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions. When you buy or sell property in Puliyur, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the official rates set by the government.

It is essential for buyers and sellers to be aware of the guideline value, as it directly affects the overall expenses involved in the transaction. Understanding these values can help in better financial planning when engaging in property dealings.

Frequently asked questions

What is the current guideline value of Valliammal Garden 2nd Street?

The current guideline value of Valliammal Garden 2nd Street is Rs 6,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 980 per sq.ft in 2002 to Rs 6,300 per sq.ft in 2024, marking an overall increase of 543%.

What is the median guideline value for streets in Puliyur?

The median guideline value for streets in Puliyur is Rs 5,800 per sq.ft, and Valliammal Garden 2nd Street's value is above this median.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 63,00,000, the total fees would amount to Rs 5,67,000.

Which office handles property registrations for Valliammal Garden 2nd Street?

The Kodambakkam Sub Registrar Office handles property registrations for Valliammal Garden 2nd Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.